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Report Date : |
15.01.2013 |
IDENTIFICATION DETAILS
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Name : |
AL JIZZI TRANSFORMERS & SWITCHGEARS CO LLC |
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Registered Office : |
Road No. 12 , Mabella Industrial Area, Sanaiya, PO Box : 455, Seeb 121 |
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Country : |
Oman |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
26.01.1997 |
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Com. Reg. No.: |
1/54589/2 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of transformers and switchgear |
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No. of Employees : |
105 |
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 : AL JIZZI TRANSFORMERS &
SWITCHGEARS CO LLC
Country of Origin :
Oman
Legal Form :
Limited Liability Company – LLC
Registration Date :
26th January 1997
Commercial Registration Number : 1/54589/2
Issued Capital :
RO 500,000
Paid up Capital :
RO 500,000
Total Workforce :
105
Activities :
Manufacturers of transformers and switchgear
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
AL JIZZI TRANSFORMERS & SWITCHGEARS CO LLC
Registered &
Physical Address
Street : Road No. 12
Area : Mabella
Industrial Area, Sanaiya
PO Box : 455
Town : Seeb 121
Country : Sultanate of
Oman
Telephone : (968) 24460259
/ 24460269 / 24451213
Facsimile : (968) 24460293
Mobile : (968)
99475065
Email : ajtsoman@omantel.net.om
Please note that subject’s previous address was, OHI Building, Mezzanine
Floor, Dohat Al Adab Street, Al Khuwair, Muscat.
Premises
Subject operates from a large suite of offices and a factory that are
rented and located in the Industrial Area of Seeb.
Name Position
Abdullah Nasser Ahmed Abdullah Huwaileel Al Mansoori Chairman
R Ramanath General
Manager
M Naido Finance
Manager
Date of Establishment : 26th
January 1997
Legal Form : Limited Liability
Company – LLC
Commercial Reg. No. : 1/54589/2
Issued Capital : RO 500,000
Paid up Capital : RO 500,000
Name of
Shareholder (s) Percentage
Al Nasser Industrial Est 95%
Abdullah Nasser Ahmed Abdullah Huwaileel Al Mansoori 5%
Activities: Engaged in the manufacture
of distribution and power transformers 25KVA up to 6,000 KVA and switchgear.
Import Countries: Europe
and GCC countries.
International Suppliers:
Pioch France
Operating Trend: Steady
Subject has a workforce of 105 employees.
Financial highlights provided by local sources are given below:
Currency: Riyal Omani (RO)
Year Ending 31/12/11: Year Ending 31/12/12:
Total Sales RO
5,160,000 RO
5,250,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Bank Dhofar Al Omani Al Fransi
Al Burj Street
PO Box: 4507, Ruwi
Muscat
Tel: (968) 24798012 / 24798013
Fax: (968) 24798015
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
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|
1 |
Rs.88.17 |
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Euro |
1 |
Rs.73.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
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 |
---- |
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.