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Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
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Name : |
SILVER CROWN INTERNATIONAL LLC |
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Registered Office : |
Main Street, Hamriya 131, PO Box 1706 & 254, Muscat |
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Country : |
Oman |
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Date of Incorporation : |
02.11.2009 |
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Com. Reg. No.: |
1/07913/1 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general foodstuffs and consumables |
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No. of Employees : |
4 |
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
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Oman |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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.
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Source : CIA |
Company Name :
SILVER CROWN INTERNATIONAL LLC
Country of Origin :
Oman
Legal Form :
Limited Liability Company – LLC
Registration Date :
2nd November 2009
Commercial Registration Number :
1/07913/1
Chamber Membership Number :
11291
Issued Capital :
RO 150,000
Paid up Capital :
RO 150,000
Total Workforce :
4
Activities :
Distributors of general foodstuffs and consumables
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
SILVER CROWN INTERNATIONAL LLC
Registered &
Physical Address
Street : Main Street
Area : Hamriya 131
PO Box : 1706 & 254
Town : Muscat
Country : Oman
Mobile : (968)
96291181
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Muscat.
Name Position
Kamel Yacoob Abdullah Al Badawi Managing
Director
Mahmoud Bashir Rana Ahmed Director
Rana Maqsood Bashir Director
Rana Dawood Bashir Director
Date of Establishment : 2nd
November 2009
Legal Form : Limited Liability
Company – LLC
Commercial Reg. No. : 1/07913/1
Chamber Member No. : 11291
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
Name of
Shareholder (s)
Kamel Yacoob Abdullah Al Badawi
Mahmoud Bashir Rana Ahmed
Rana Maqsood Bashir
Rana Dawood Bashir
Activities: Engaged in the import and distribution of general foodstuffs and
consumables.
Import Countries: Europe and the Far East.
Subject has a workforce of 4 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.
Commercial Bank of Oman SAOG
Muttrah Business District
PO Box: 1696, Ruwi 112
Muscat
Tel: (968) 24793225 / 24793226 /
24793228
Fax: (968) 24793229
No complaints regarding subject’s payments have been reported.
During the course of this investigation nothing detrimental was
uncovered regarding subject’s operating history or the manner in which payments
are fulfilled. As such the company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.42 |
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UK Pound |
1 |
Rs.88.29 |
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Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Report Prepared by
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SDA |
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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.