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Report Date : |
13.02.2013 |
IDENTIFICATION DETAILS
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Name : |
VOLTAMP POWER LLC |
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Registered Office : |
Rusayl Industrial Area PO Box
75 Rusayl 124 |
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Country : |
Oman |
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Date of Incorporation : |
07.05.2008 |
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Com. Reg. No.: |
1/04592/7 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Manufacturers of EHV power transformers |
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No. of Employees : |
130 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Oman |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
OMAN - ECONOMIC OVERVIEW
Oman is a
middle-income economy that is heavily dependent on dwindling oil resources.
Because of declining reserves and a rapidly growing labor force, Muscat has actively
pursued a development plan that focuses on diversification, industrialization,
and privatization, with the objective of reducing the oil sector's contribution
to GDP to 9% by 2020 and creating more jobs to employ the rising numbers of
Omanis entering the workforce. Tourism and gas-based industries are key
components of the government's diversification strategy. By using enhanced oil
recovery techniques, Oman succeeded in increasing oil production, giving the
country more time to diversify, and the increase in global oil prices through
2011 provided the government greater financial resources to invest in non-oil
sectors.
Source
: CIA
Company Name : VOLTAMP POWER LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 7th May 2008
Commercial Registration Number : 1/04592/7
Issued Capital : RO 6,000,000
Paid up Capital : RO 6,000,000
Total Workforce : 130
Activities : Manufacturers of EHV power transformers
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
VOLTAMP POWER LLC
Location : Rusayl
Industrial Area
PO Box : 75
Town : Rusayl 124
Country : Oman
Telephone : (968) 24446501
/ 24446372
Email : ravi@voltampoman.com
Please note that subject’s previous address was, Sohar Industrial
Estate, Sohar 322.
Subject operates from a suite of offices and a factory covering 14,500
square metres that are rented and located in the Industrial Area of Rusayl.
Name Position
· Sadhish Gupta General
Manager
· Aasit Nair Marketing
Manager
· Ravi Mahesvari Accounts
Manager
Date of
Establishment : 7th
May 2008
Legal Form : Limited Liability
Company – LLC
Commercial Reg.
No. : 1/04592/7
Issued Capital : RO 6,000,000
Paid up Capital : RO 6,000,000
· Voltamp Energy
SAOG 99.99%
Oman
· Voltamp
Transformers LLC 0.01%
Oman
Activities: Engaged in the manufacture of EHV power transformers. Subject’s product
range of this unit extends up to 315 MVA
220 kV Class. Subject started production in 2011.
Clients:
· Oman Electricity
and Transmission Company
Subject has a workforce of 130 employees.
Companies registered in Oman are not legally required to make their accounts
public and no financial information was released by the company or submitted by
outside sources.
·
Oman Arab Bank
Al
Khuwair Branch
PO Box:
5010, Ruwi
Muscat
Tel:
(968) 24603520
Fax:
(968) 24602948
No complaints regarding subject’s payments have been reported.
According to local sources, subject enjoys a good reputation for the
quality of its products with nothing detrimental uncovered regarding the manner
in which operations are conducted. As such the company is considered to be a
fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.96 |
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|
1 |
Rs.84.49 |
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Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.