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Report Date : |
20.11.2014 |
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Tel. No.: |
24 712 126 |
IDENTIFICATION DETAILS
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Name : |
KHIMJI RAMDAS AND CO LLC (KR) |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
Subject’s operations date back to 1870, however it was registered under the current style on 3rd December 1975 |
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Com. Reg. No.: |
1/02085/4, |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Subject’s activities are performed by the following divisions : SGS Division, Furniture Division (Operates
as Khimji Furniture Mart), Consumer Products Division, Shipping Division,
Automotive Division & Workshop, General Products Division, Commodity
Division, Electrical Division, Watch Division, Computer & Communications
Systems Division, Computer & Communications Systems Division, Khimji
Ramdas Building Materials Division, Khimji Ramdas General Stores (Operates as
Khimji MEGA Store), Sports & Leisure Division, Cigarettes Division
(MARLBORO), Industrial Machinery & Tools Division, Khimji Pharmacy,
Construction Division, Pizza Hut Division |
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No. of Employees : |
Approximately 2,500 employees. |
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 : |
Good |
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Payment Behaviour : |
Regular |
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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 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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Source
: CIA |
Company Name :
KHIMJI RAMDAS AND CO LLC (KR)
Country of Origin :
Legal Form :
Limited Liability Company – LLC
Start Date :
1870
Registration Date :
3rd December 1975
Commercial Registration Number :
1/02085/4,
Issued Capital :
RO 2,000,000
Paid up Capital :
RO 2,000,000
Total Workforce :
2,500
Activities :
Subject operates several divisions (see below for details)
Financial Condition :
Good
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
KHIMJI RAMDAS AND CO LLC (KR)
Registered &
Physical Address
Building : Khimji House
Street :
Area : Greater
Muttrah
PO Box : 19
Town :
Country : Sultanate of
Telephone : (968) 24795901
/ 24706893 / 24791988 / 24765539
Facsimile : (968) 24795988
/ 24705122 / 24708819 / 24788460
Email : khimjis@gto.net.om
/ khimjis@omantel.net.om
/ krbmd@omantel.net.om
Subject operates from a large suite of offices that are owned and
located in the Central Business Area of Muscat.
Branch Office (s)
Location Description
Salalah Office
premises
PO Box: 18035
Tel: (968) 23290736 / 23290865
Fax: (968) 23295293
Sur Office
premises
PO Box: 30163
Tel: (968) 25440214
Fax: (968) 25440218
Buraimi Office
premises
Tel: (968) 25653421
Fax: (968) 25653421
Sohar Office
premises
PO Box: 12519
Tel: (968) 26840235
Fax: (968) 26840232
Nizwa Office
premises
PO Box: 27075
Tel: (968) 25410145
Fax: (968) 25410094
Ibri 611 Office
premises
PO Box: 575
Tel: (968) 25489476
Fax: (968) 25489476
Ibra 411 Office
premises
PO Box: 163
Tel: (968) 25470490
Fax: (968) 25471636
Name Position
Kanaksi Gokaldas Khimji Managing
Partner
Ajay Mathradas Khimji Partner
Pankaj Kanaksi Khimji Partner
Nailesh Kanaksi Khimji Partner
Anil Mathradas Khimji Partner
Pankaj Kanaksi Khimji General
Manager
Pratap Ashar Finance
Manager
M C Jose Manager
– Shipping Division
Mahesh D Jesrani Manager
– Automotive Division
Bhupendra D Jesrani Manager
– General Products Division
Vinod D Soni Manager
– Commodity Division
M Chengappa Manager
– Building Materials Division
Lazard Rodrigues Manager
– Electrical Division
Madhursinh Jesrani Manager
– Watch Division
Mohamed Zameer Manager
– Computer Systems Division
Chandrasen Shah Manager
– MEGA Store Division
Vincent Rodrigues Manager
– Sports & Leisure Division
Emil Moukarzel Manager
– Cigarettes Division
Umesh A. Khimji Manager
– Corporate Services
Profile on Pankaj Kanaksi Khimji
Pankaj Kanaksi Khimji acts General Manager, corporate operations, for
the Khimji Ramdas Group. He was born in 1961 and was educated at the exclusive
Institut Le Rosey in
Date of
Establishment : Subject’s
operations date back to 1870, however it was registered under the current style on 3rd December 1975
Legal Form : Limited Liability Company – LLC
Commercial Reg. No. : 1/02085/4,
Issued Capital : RO 2,000,000
Paid up Capital : RO 2,000,000
Name of
Shareholder (s)
Kanaksi Gokaldas Khimji
Pankaj Kanaksi Khimji
Nailesh Kanaksi Khimji
Ajay Mathradas Khimji
Anil Mathradas Khimji
Khimji Permoglaze (
Rusayl Industrial Estate, Plot 23-26
PO Box: 3755, Ruwi
Tel: (968) 24626106
Fax: (968) 24626107
Khimji Ramdas and Sons
PO Box: 3701
Tel: (971-4) 531484 / 436484
Fax: (971-4) 531564
Asha Advertising & Marketing Agency
Tel: (968) 24707104
Fax: (968) 24706256
Asha Enterprises LLC
75, Central Business District
PO Box: 6275, Ruwi
Tel: (968) 24708049 / 24707104 / 24793822
United Travel LLC
Tel: (968) 24703303
Universal Freight Services Company
PO Box: 1093, Jibroo
Tel: (968) 24701757
Fax: (968) 24702959
Email: krship@gto.net.om
Heritage Hotel LLC
Tel: (968) 24796404 / 24791815
Fax: (968) 24795988
Blue Eagle Shipping & Insurance Agencies
LLC
Tel: (968) 24790841
Fax: (968) 24702959
Email: krship@gto.net.om
Shamal Sea & Air Freight LLC
Tel: (971-4) 521616
Fax: (971-4) 522440
Activities: Subject’s activities are performed by the following divisions :
SGS Division
Address: Towell Complex,
Block K
Tel: (968)
24607588 / 24705166
Fax: (968)
24785674
Activities: Marine
inspection services
Furniture Division (Operates as Khimji Furniture Mart)
Address :
Greater
Muttrah
PO Box: 19
Tel: (968)
24703429 / 24706863
Fax: (968)
24701764 / 24795988
Activities : Engaged in the
distribution and retail of home and office furniture such as dining and bedroom
furniture, sofas, sofa beds and desks, as well as security and storage systems.
Suppliers : Godrej Storwel
Business Group India
Consumer Products Division
Address: PO Box : 19
Muscat 100
Tel: (968)
24502526
Fax: (968)
24596782
Activities: Engaged in the import and distribution
of general foodstuff products, FMCG’s and
commodities.
Brand Names : PROCTER &
GAMBLE, TIDE, PAMPERS, LA VACHE, REGAL PICON, HERSHEY’S, GYMA, HERO JAMS,
FOSTER CLARK, QUAKER OATS, 3M HOME CARE, DEVON, PARACHUTE, RASNA, AMUL, MAJAN,
HUMA and KHIMJI RICE.
Shipping Division
Address : Muttrah Business
District
Greater
Muttrah
PO Box: 19
Muscat
Tel: (968)
24707236 / 24798903
Fax: (968)
24702959
Activities : Engaged as
shipping agents offering a complete shipping service, specialising in cargo
movements, sea-air cargo handling, liner agency, tramp vessel agency, tanker
Operations, passenger vessel handling, naval vessel handling, common carrier
feeder vessel agency, chartering brokers, P&I club agency, shipchandling,
stevedoring, freight forwarding, packaging & removals, customs services,
transportation, project handling, survey and inspection services, calibration and
non destructive test,
Automotive Division & Workshop
Address : Bait Al Falaj
Street
Al Wadi Al
Kabir
PO Box: 19
Muscat
Tel: (968)
247717822 / 24504306
Fax: (968)
247714637
Activities : As well as
operating a fully equipped repair workshop, this division distributes
automotive spare parts (such engine and transmission equipment) and purpose
built vehicles for desert transportation and military use.
Suppliers : Hummer United States of America
Oshkosh United
States of America
General Products Division
Address : Building No.
831, Ground Floor
88,
Al Noor Street
Greater
Muttrah
PO Box: 19
Muscat
Tel: (968)
24706353 / 24795231
Fax: (968)
24786238
Activities : Under this
division, subject specialises in the distribution of electronic equipment and
devices, including aerials and antennas, telecommunication reception equipment,
air-conditioning systems, as well as currency and coins electronic counting
machines.
Commodity Division
Address : Al Hasag
Building, Ground Floor
Muttrah
High Street
PO Box: 19
Muscat 113
Tel: (968)
24712126 / 24713225 / 24712125/24713226
Fax: (968)
24795988 / 24713127 / 24712127
Email: commodity@kr.om
Activities : This was the
first division of Khimji Ramdas to be established. It deals mainly in foodstuff
and other consumable items, including rice, sugar, milk powder, coffee, pulses,
spices, ghee oil, canned food, biscuits, confectionery and dairy products.
Brand Names : AMUL, PARACHUTE,
RASNA, SINNARA, SUNWHITE, PRIYA, SYREN, PONS, DEL
MONTE, TIARA, ROBINSONS and
PASEO
Electrical Division
Address : Ruwi High Street
PO Box: 19
Muscat 113
Tel: (968)
24852700/24852600/24852625/24852664 / 24709898
Fax: (968)
24852667
Mob: (968)
99448952
Email: info.electrical@kr.om
Activities : Distributors
of lighting equipment, cables, cable trays, fans and aircirculators, PVC Pipes
& trunking, G.I. Pipe, Bulbs and Tubes, switches and accessories.
Established in 1975, the KR Electrical Division
offers leading brands and established products in Light Fittings, Low Voltage
Switchgear, Cables and Cable Support Systems, Cable Trunking & Cable Trays,
Cable ladders, Conduits & Accessories, Wiring Accessories, Air Circulators,
Fans, Lamps and Tubes.
KR represents leading lighting brands such as Majelite of Oman, Fitzgerald
from U.K., Bajaj Engineering and
Projects of India and has an excellent track record in installing
several important lighting projects in Oman.
The division has executed lighting projects
for the recently opened Lulu Hypermarket in Muscat, The Chedi Hotel, Oman Oil
and Al Maha fuel stations and shops, Al Khoud Stadium and Ministry of Heritage.
Watch Division
Address : Samayil Street
Ruwi
PO Box: 19
Muscat
Tel:
(968) 24703142 / 24798689
Fax:
(968) 24796045
Activities : Retailers of
watches and clocks, jewellery, fashion items and gift ware.
Brand Names : CARTIER, CHANEL,
CHOPARD, DELANEAU, I.W.C., ORIS, PIAGET, TUDOR, and GERALD GENTA
Computer & Communications Systems Division
Address : Muttrah Business
District
PO Box: 19
Muscat 113
Tel: (968)
24790925
Fax: (968)
24701127
Activities : Wholesalers
and retailers of personal computers, fibre optics network, structured cabling,
computer peripherals, mobile communication equipment and pagers.
This division was
awarded a US$1.1 million contract to provide equipment and technical support to
upgrade Oman's 11 domestic satellite telephone and video stations from analogue
to digital transmission.
Brand Names : MOTOROLA, COMPAQ,
ELITE, CASIO, SAGEM and TEKLOGIX
Khimji Ramdas Building Materials Division
Address : Al Noor Street
Ruwi
PO Box: 19
Muscat
Tel: (968)
24705133 / 24703213 / 24799680
Fax: (968)
24706893
Management : M. Chengappa Division Manager
Sounda
Rajan Commercial Manager
Mahesh
Thaker Sales Manager
Activities : The Building
Materials Division started operations in 1970 and specialises in the
distribution of a wide range of building materials, construction chemicals,
waterproofing, scaffolding, timber plywood, ceramic tiles, paints,
sanitary-ware, kitchen cabinets and power tools.
It also provides a waterproofing service which includes a fully
incorporated supply and fixing system. The division has also undertaken
numerous works involving the supply and fixing of scaffolding.
Suppliers : Roca Spain
Polyflor United
Kingdom
Shire United
Kingdom
General Ceramics United
Arab Emirates
Muthoot India
Franke South
Africa
Wave Oman
H & R Johnson United Kingdom
James Halstead United Kingdom
Grace Services United Kingdom
Ruberiod United
Kingdom
Access International United Kingdom
Yale United
Kingdom
Al Shams Oman
Krishna Vinyl India
Formica Spain
Schock Germany
Dermabit Saudi
Arabia
D’Line Denmark
Godrej India
Khimji Ramdas General Stores (Operates as Khimji MEGA Store)
Address : Ruwi Street
PO Box: 19
Muscat
Tel: (968)
24796161 / 24708075
Fax: (968)
24709942
Activities : Retailers of
general merchandise and consumer products, including photographic equipment,
cosmetics, crystal-ware, garments, household appliances, kids wear, linen,
perfumes and toiletries, sunglasses, tableware, travel accessories and writing
instruments.
Suppliers : Nikon Japan
Slik Japan
Sports & Leisure Division
Address : Shati Al Qurum
PO Box: 19
Muscat
Tel: (968)
24793725
Fax: (968)
24793852
Activities : This division
specialises in the retail of boats, boat equipment and supplies, diving
equipment, flags and banners, marine craft, special marine shoes as well as a
wide range of sportswear and accessories.
Cigarettes Division (MARLBORO)
Address : Muttrah Business
Area
PO Box: 19
Muscat
Tel: (968)
24798590
Fax: (968)
24701489
Activities : Tobacconist
and cigarette manufacturing and packaging under the brand name of Marlboro from
Philip Morris.
Industrial Machinery & Tools Division
Address : PO Box: 19
Muscat
Tel: (968)
24714793 / 24715576
Fax: (968)
24717845
Activities : Distributors
of automotive and industrial hand tools, pneumatic tools, measuring
instruments, garage equipment, machine tools, cleaning equipment, lubrication
equipment, air compressors and industrial chemicals.
Brand Names : SNAP ON, KARCHER,
USAG
Khimji Pharmacy
Address : PO Box: 19
Muscat
Tel: (968) 24795901
Fax: (968)
24795988
Activities : Operators of a
pharmacy and distributors of pharmaceuticals, healthcare products, medicines
and cosmetics.
Construction Division
Address : PO Box: 19
Muscat
Tel: (968)
24713333
Fax: (968)
24715322
Activities : This division
undertakes all types of civil construction work.
Pizza Hut Division
Address : Muttrah Business
District
PO Box: 19
Muscat 113
Tel: (968)
24715310
Fax: (968)
24798488
Activities : This division
operates 14 restaurants under licence from Pizza Hut and specialises in fast
food to take away and eat in.
Khimji Ramdas has been awarded the ISO9002 certificate for its corporate
headquarters operations as well as those of the Computer & Communications
Systems Division.
Import Countries: Europe, the United States of America and the Far
East.
International Suppliers:
AKZO Coating Plc United
Kingdom
H & R Johnson Tiles Ltd United Kingdom
Beaver Construction Supplies Ltd United
Kingdom
Proctor & Gamble AG Switzerland
Rolex Switzerland
Alfred Karcher GmbH and Co Germany
Kymmene Schauman Wood Germany
Samsonite Corp United States of America
Operating Trend: Steady
Subject has a workforce of approximately 2,500 employees.
Financial highlights provided by local sources are given below:
Currency: Riyal
Omani (RO)
Year
Ending 31/12/12: Year Ending
31/12/13:
Total Sales RO 25,550,000 RO 26,380,000
Local sources consider subject’s financial condition to be Good.
The above financial figures are based on estimations by our local
sources.
Bank of Baroda
Greater Muttrah Branch
PO Box: 7231
Muscat
Tel: (968) 24712636
HSBC Middle East
Greater Muttrah Branch
PO Box: 3239, Ruwi
Muscat
Tel: (968) 24799920
No complaints regarding subject’s payments have been reported.
Date of transaction July
2004 October 2012 October 2012
Credit amount 68,200 300,000 389,000
Amount overdue 0 0 0
Payment terms 30
days 90 days 90 days
Payment Method Letters
of Credit Letters of Credit Letters of Credit
Paying record Prompt Prompt Prompt
Currency Canadian
Dollars Euros Euros
Khimji Ramdas and Co LLC (KR) is an old and well-established business,
trading since 1870 with nothing detrimental heard regarding the manner in which
payment obligations are conducted. Our local trading sources express favourable
comments and are of the opinion that the subject will not enter into any
financial trade commitment in which they would not see their way clear to
fulfil. As such the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.83 |
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1 |
Rs.96.56 |
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Euro |
1 |
Rs.77.42 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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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 |
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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.