MIRA INFORM REPORT

Report Date :

17.02.2014

IDENTIFICATION DETAILS

Name :	NARANJEE HIRJEE & CO LLC

Registered Office :	Oryx Building, Ground Floor, Al Burj Street, Next to Golden Oryx Chinese Restaurant, Greater Muttrah, P.O.Box No 9 PC 100, Muscat

Country :	Oman

Year of Establishment :	1905

Com. Reg. No.:	1/02068/4

Legal Form :	Limited Liability Company

Line of Business :	Importers, Wholesalers, Retailers and Distributors of general consumer goods

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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Oman

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company NAME

Naranjee Hirjee & Co LLC (Correct)

NARANJEE HIRJEE AND CO LLC (Requested)

Company ADDRESS

Building : Oryx Building, Ground Floor

Street : Al Burj Street

Area : Next to Golden Oryx Chinese Restaurant, Greater Muttrah

P.O.Box No. : 9 PC 100

Town : Muscat

Country : Oman, Sultanate of

Telephone : (968) 2478 4842 / 2478 5678

Fax : (968) 2478 4727

E-Mail : info@naranjee.com / nhmct@omantel.net

Website : www.naranjeehirjee.com

Shortform Name : NH

Also Known as : Naranjee Hirjee And Co LLC

SENIOR COMPANY PERSONNEL

Name Position

1. Sudhir Keshavji Sampat Managing Director

2. Mahesh Keshavji Sampat Director

3. Naru Keshavji Sampat Director

4. H F Bilimoria General Manager

5. Sameer Mahesh Keshavji Sampat Business Development Manager

6. Amit Sudhir Keshavji Sampat Commercial Manager

7. Nikhil Sampat Marketing Manager

8. Devang Samat Director of Finance

9. Sunnil Dalal Group Financial Director

10. Shah Kshor Financial Manager

Total Employees : 200

PAYMENTS

No complaints have been heard regarding payments from local suppliers

or banks.

Subject has been in existence since 1905 and enjoys a good local

reputation.

We consider it is acceptable to deal with subject for LARGE amounts.

Opinion on maximum credit : RO 240,000

Trade risk assessment : Normal

Opinion on the credit figure of US DLRS 150,000 :

We consider the above figure to be within the company's financial

capabilities.

TRADE REFERENCES

NAME : CAMPINA INTERNATIONAL

P.O. Box : 510

Town : Veghel 5460 AM

Country : Netherlands

NAME : BRAUN AG

P.O. Box : 3029

Town : Dubai

Country : UAE

NAME : KENWOOD LTD

Country : UK

NAME : DABUR INDIA LTD

P.O. Box : 52134

Town : Dubai

Country : UAE

NAME : AUGUST TOPPER & CO 9GMBH)

Street : Raboisen 58

Town : Hamburg 20095

Country : Germany

NAME : FONTERRA (ME & AFRICA)

PO Box : 54730

Town : Dubai

Country : UAE

NAME : DABUR INTERNATIONAL

PO Box : 16944

Area : Jebel Ali

Town : Dubai

Country : UAE

PRINCIPAL BANKERS

NAME : BANK OF BARODA

Branch : Main Branch

P.O. Box : 231

Town : Muttrah 114

Telephone : (968) 2471 4549

Fax : (968) 2471 4560

The Company also has an account with the following banks :

1. Oman International Bank

Main Branch

Sultan Qaboos Street

PO Box 1727 C.P.O. Seeb 111

Muscat

Telephone: (968) 2668 2500

Fax : (968) 2668 2800

2. Bank Muscat SAOG

Main Branch

Al Burj Street, Muttrah Commercial District 1073

PO Box 134

Ruwi 112

Telephone: (968) 2476 8888 / 2470 3044

Fax : (968) 2470 7806 / 2470 5506

3. Bank Dofar Al Fransi

Salalah Branch

Al Salam Street

PO Box 2334

Salalah 211

Telephone: (968) 2429 4862 / 2429 4863

Fax : (968) 2429 4886 / 2429 5291

4. Bank Sohar SAOG

Main Branch

PO Box 44,

Ruwi 114

Telephone: (968) 2450 2950

Fax : (968) 2450 3250

5. HSBC Oman

PO Box 240

Ruwi 112

Oman

Telephone: (968) 2479 9920

Fax : (968) 2470 4241

FINANCIAL INFORMATION

Private companies in Oman are not required to publish or disclose balance sheets. Balance sheets are not available. However, the subject interviewed offered the following information :

Sales Turnover : RO 10,000,000 - 2009 – exact

: RO 12,000,000 – 2010 - exact

: RO 14,000,000 – 2011 – projected

Net Profit : RO 450,000 – 2009 - exact

: RO 500,000 - 2010 – exact

: RO 600,000 – 2011 – projected

Financial year ends 31 December.

LEGAL STATUS AND HISTORY

Date Started : 1905

History : The subject company was established in Oman in 1905 and was registered with the Chamber of Commerce on 2 December 1975.

C.R. No. : 1/02068/4

Chamber of Commerce Membership No.: 2152 (issue date: 9/6/2008, expiry date: 31/12/2011)

Authorised Capital : RO 300,000 (increased from RO 100,000 in 2009)

Paid up Capital : RO 300,000 (increased from RO 100,000 in 2009)

Limited Liability Company with the following shareholders :

Percentage

1. Sudhir Keshavji Sampat 33.34%

(Omani national of Indian origin)

2. Mahesh Keshavji Sampat 33.33%

(Omani national of Indian origin, brother of the above)

3. Naru Keshavji Sampat 33.33%

(Omani national of Indian origin, brother of the above)

Affiliated companies of Naranjee Hirjee & Co LLC :

Associates

1. Gazelle International LLC

Muscat

Telephone: (968) 2479 9747

Fax : (968) 2479 1424

2. Pulse Information Technology LLC

Muscat

Telephone: (968) 2479 4263

Fax : (968) 2478 4727

3. Bait Al Attar Al Arabi

Muscat

Telephone: (968) 2478 4842

Fax : (968) 2478 4727

ACTIVITIES

The Company is involved in the following activities :

Trading as importers, wholesalers, retailers and distributors of general consumer goods, such as foodstuff, in particular dairy products, milk powder and cooking oils, household electrical appliances, kitchenware, nylon fishing nets, an assortment of twines and ropes and industrial chemicals.

Exclusive Agencies / Distributorships :

Foodstuffs/grocery items -

- Campina International, Netherlands

- Fonterra Middle East, Bahrain

- Emirates Grain Products Co Ltd., UAE

- Emirates Refining Co Ltd, UAE

- Federal Oats Mills, Malaysia

- Haroon Kasam, Pakistan

- Khawaja Rice Procuessors Pvt Ltd., Pakistan

- Satinam Overseas Co Ltd., India

- United Exports, India

- National Rice Mills Saog, Oman

- Nizwa Food Indust. LLC., Oman

- Pastalini Food Processing Industries LLC, UAE

- Dabur International Ltd., UAE

- Strategic Marketing Services LLC, UAE

- Tata West Asia FZE, UAE

- Tata Chemicals, India

- Al Hayatt Int'l, Oman

- Bissell Homecare Inc., USA

- M.T.C. Alupack WLL, Bahrain

- Nutrireed Veghel, Netherlands

- Sonarome Pvt Ltd., India

Electrical home appliances/household products -

- Gillette Middle East, UAE

- Eagle Flasks Indust. Ltd., India

- Electrolux Sweden, Italy

- Rommelsbacher & Co., Germany

- Bormioli Rocco, Italy

- Newell Rubbermaid, USA

- Huta Szkla "Wolomin", Poland

- Premier Housewares, UK

- RAK Glass, UAE

- Art & Craft, Turkey

- Kingsville Indust. Ltd, Hong Kong

- Geor Ltd., Slovenija

- TVS, Italy

- A-Net Corporation, S. Korea

- Will & Baumer, Mexico

- Raphael Rosalee Cosmetics, France

Chemicals -

- Basic Chemical Indust. Ltd., Saudi Arabia

- Cebo, Netherlands

- Gulf Glass Fibertech Indust. Co., Saudi Arabia

- Jungbunzlauer, Austria

- Nippon Soda Co Ltd., Japan

- Shell Chemicals, Dubai, UAE

- Scott Bader ME Ltd., UAE

- Akzo Nobel, Netherlands

- China National Chemical Co., China

Imports worldwide, mainly from the Netherlands, Bahrain, UAE, Malaysia, Pakistan, India, Oman, USA, Italy, Poland, UK, Turkey, Hong Kong, South Korea, Mexico, France, Saudi Arabia, Austria, Japan and China.

Exports occasionally to GCC countries, China, Somalia and sub-Indian continent.

FACILITIES

The Company has the following facilities :

5,000 sq.m owned premises comprising administrative offices with warehousing facilities located at the heading address as well as several branch offices and showrooms located elsewhere in Muscat.

Subject was previously located at :

BBME Building, 2nd Floor,

Corniche Road

Muttrah Corniche

Muscat

SPECIAL NOTE

You enquired on: NARANJEE HIRJEE AND CO LLC. Please note that the correct name is as per heading.

The address given by you: 2ND Floor British Bank Bldg Corniche Mutrtah 113 Muscat, Muscat 113 is incorrect. Please note that subject’s correct administrative office address is as per heading.

Interviewed: Shah Kshor (Financial Manager).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.28
UK Pound	1	Rs.103.67
Euro	1	Rs.85.18

INFORMATION DETAILS

Report Prepared by :

NNA

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