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Report Date : |
15.03.2013 |
IDENTIFICATION DETAILS
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Name : |
GREEN FLOW INTERNATIONAL LLC |
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Registered Office : |
Al Tameer Street Mawalah Area PO Box
762 Seeb 988 |
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Country : |
Oman |
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Date of Incorporation : |
06.02.2010 |
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Com. Reg. No.: |
1/08360/5 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Distributors of general foodstuffs. |
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No. of Employees : |
3 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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 : GREEN FLOW INTERNATIONAL LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 6th February 2010
Commercial Registration Number : 1/08360/5
Chamber Membership Number : 11790
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Total Workforce : 3
Activities : Distributors of general foodstuffs.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
GREEN FLOW INTERNATIONAL LLC
Street : Al Tameer
Street
Area : Mawalah Area
PO Box : 762
Town : Seeb 988
Country : Oman
Telephone : (968) 24553838
Facsimile : (968) 24553838
Mobile : (968)
97377586 / 92209827
Email : gflow.intl@yahoo.com
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Seeb.
Name Nationality Position
· Ali Bin Sheikh
Saif Al Harthy Omani Managing
Director
· Monzer Khalid Al
Ghafri Omani Director
· Salem Abdullah Al
Rawas Omani Director
Date of
Establishment : 6th
February 2010
Legal Form : Limited Liability
Company – LLC
Commercial Reg.
No. : 1/08360/5
Chamber Member No. : 11790
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
· Ali Bin Sheikh
Saif Al Harthy
· Monzer Khalid Al
Ghafri
· Salem Abdullah Al
Rawas
Activities: Engaged in the import and distribution of general foodstuffs, including
rice, spices, fruit and vegetables.
Import Countries: Europe and the Far East.
Subject has a workforce of 3 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 International Bank
PO Box: 4216, Ruwi
Muscat
Tel:
(968) 24703614 / 24707328
·
Oman Arab Bank
Muttrah Business District
PO Box: 2010, Ruwi 112
Muscat
Tel: (968) 24700161 / 24706265 / 24706267
Fax: (968) 24797736
No complaints regarding subject’s payments have been reported.
Local sources report that the subject’s operating history is clear with
payment obligations met in a generally timely manner. The financial position is
satisfactory and the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
|
1 |
Rs.81.33 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
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 |
|
-- |
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.