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Report Date : |
19.03.2013 |
IDENTIFICATION DETAILS
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Name : |
AL TEEL MARBLE & GRANITE LLC |
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Registered Office : |
Al Amerat, P O
Box 2431, Ruwi 112, 2, Shatti Al Qurum 103, Muscat |
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Country : |
Oman |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
10.11.2010 |
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Com. Reg. No.: |
1/099800/1 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distribution, cutting and processing of marble and granite |
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No. of Employees : |
25 |
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Oman |
A2 |
A2 |
|
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 : AL TEEL MARBLE & GRANITE LLC
Country of Origin : Oman
Legal Form : Limited Liability Company – LLC
Registration Date : 10th November 2010
Commercial Registration Number : 1/099800/1
Chamber Membership Number : 13211
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Total Workforce : 25
Activities : Distribution, cutting and processing of marble and granite
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL TEEL MARBLE
& GRANITE LLC
Registered &
Physical Address
Location : Al Amerat
PO Box : 2431, Ruwi 112
2,
Shatti Al Qurum 103
Town : Muscat
Country : Oman
Telephone : (968) 24567094
Facsimile : (968) 24567095
Mobile : (968) 99886979
Email : sales@al-teel.com
Premises
Subject operates from
a medium sized suite of offices and a warehouse that are rented and located in
the Industrial Area of Muscat.
Name Position
·
Mostafa Ali Mohamed Al Lawati Managing
Director
·
Haytham Mohamed Jawad Al Lawati Director
·
Sanjay
Nakara General
Manager
·
Shibu
Al Bdull Jalil Sales
Manager
·
Babu N
P Accountant
Date of Establishment : 10th
November 2010
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/099800/1
Chamber Member No. : 13211
Issued Capital : RO 100,000
Paid up Capital : RO 100,000
Name of
Shareholder (s)
·
Mostafa Ali Mohamed Al Lawati
·
Haytham Mohamed Jawad Al Lawati
Activities: Engaged in the import, distribution, cutting
and processing of marble and granite.
Import
Countries: Italy, Spain,
Brazil, China, Egypt, India and Turkey.
Clients:
·
Ajay
Enterprises
·
Al
Dawah Trading
·
Al
Hadeel Trading
·
Al
Manawir Trading
·
Al
Qandeel Real Estate
·
Al Raid
Business Co
·
Al
Habib & Co LLC
·
Azaiba
Carpentry
· Bahwan Engineering
· Carillion Alawi LLC
· Hotel Grand Hyatt
· Hotel Intercontinental
· Kadri Consultants
· Khimji Construction Co
· National Bank of Oman
· Quram Business Group
· Shamel International
· Sultan Special Force
Operating Trend: Steady
Subject has a
workforce of 25 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 890,000 RO 1,200,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Oman
Arab Bank
Muttrah Business District
PO Box: 2010, Ruwi 112
Muscat
Tel: (968) 24700161 / 24706265
/ 24706267
Fax: (968) 24797736
·
Bank of
Muscat
Al Burj Street
Greater Muttrah
PO Box: 6326, Ruwi
Muscat
Tel: (968) 24701769
Fax: (968) 24796488
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.54.29 |
|
UK Pound |
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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.