MIRA INFORM REPORT

 

 

 

Report Date :

09.09.2014

 

IDENTIFICATION DETAILS

 

Name :

AL KHAN FOODSTUFF LLC

 

 

Registered Office :

Al Madinah Plaza, 1st Floor, Office No. 16, Darsaid Road, Madinat Qaboos, Greater Muttrah, P O Box 2047, Ruwi, Muscat 112

 

 

Country :

Oman

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

30.07.2001

 

 

Com. Reg. No.:

1/67849/3, Muscat

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Distributors of general foodstuff products

 

 

No. of Employees :

275 employees

 

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 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Oman

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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

 

 

SUMMARY

 

Company Name                                     : AL KHAN FOODSTUFF LLC

Country of Origin                                    : Oman

Legal Form                                            : Limited Liability Company – LLC

Registration Date                                   : 30th July 2001

Commercial Registration Number            : 1/67849/3, Muscat

Chamber Membership Number                : 3970

Issued Capital                                        : RO 150,000

Paid up Capital                                      : RO 150,000

Total Workforce                                     : 275

Activities                                               : Distributors of general foodstuff products.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

 

 

 

COMPANY NAME

 

AL KHAN FOODSTUFF LLC

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Al Madinah Plaza, 1st Floor, Office No. 16

Street               : Darsaid Road

Area                 : Madinat Qaboos, Greater Muttrah

PO Box             : 2047, Ruwi

Town                 : Muscat 112

Country             : Sultanate of Oman

Telephone         : (968) 24693788 / 24794488 / 24704618

Facsimile          : (968) 24695788 / 24794477

Email                : alkhan@omantel.net.om

 

Premises

Subject operates from a large suite of offices and cold storage facilities that are rented and located in the Central Business Area of Muscat.

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       Interior Ministry Street                                                                       Warehouse premises

Nezwa Area

Muscat

Tel: (968) 26411732

 

·       Rumais                                                                                            Warehouse premises

Barka

Tel: (968) 26893610

Fax: (968) 26893604

 

·       Nizwa                                                                                               Warehouse premises

Tel: (968) 25411732

 

·       Salalah                                                                                             Warehouse premises

Tel: (968) 23296871

 

·       Al Kamil                                                                                           Warehouse premises

Tel: (968) 25557145

 

·       Saham                                                                                             Warehouse premises

Tel: (968) 26720726

KEY PRINCIPALS

 

     Name                                                                                              Position

·       Yousef Bin Ahmed Bin Ali Al Raesi                                                     Managing Director

·       Kothari Viresh Kumar Parabakar                                                         Director

·       Ramesh Jamandas Khimiji                                                                 Director

·       Turun Kunzru                                                                                    Chief Executive Officer

·       Rajesh Balakrishnan                                                                          Finance Manager

·       Moosa Abdullah Yahya Al Rahbi                                                         Human Resources Manager

·       Bhupend Joshi                                                                                  Sales Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 30th July 2001

 

Legal Form                  : Limited Liability Company – LLC

 

Commercial Reg. No.  : 1/67849/3, Muscat

 

Chamber Member No. : 3970

 

Issued Capital              : RO 150,000

 

Paid up Capital            : RO 150,000

 

Name of Shareholder (s)

·       Yousef Bin Ahmed Bin Ali Al Raesi

·       Kothari Viresh Kumar Parabakar

·       Ramesh Jamandas Khimiji

 

 

AFFILIATED COMPANIES

 

·       Advance Logistic LLC

Barka

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of general foodstuff products, including frozen meat and poultry, fruit and vegetables.

 

Subject also operates cold storage facilities.

 

Import Countries: Netherlands and Brazil

 

International Suppliers:

 

·       Aviko BV                              The Netherlands

·       Sadia Chicken                      Brazil

·       Global Food Industries           United Arab Emirates

 

Brand Names: AL AREESH, AL KHAN, ASLI and TAQA

 

Operating Trend: Steady

 

Subject has a workforce of approximately 275 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Riyal Omani (RO)

 

                                                Year Ending 31/12/10:                Year Ending 31/12/11:

 

Total Sales                                RO 4,610,000                            RO 4,950,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       National Bank of Oman Limited

Ruwi Branch

PO Box: 3752

Muscat

     Tel: (968) 24708898

 

·       Bank Muscat SAOG

Ruwi Main Branch

     PO Box: 6326

     Muscat

     Tel: (968) 24561399 / 24708543

     Fax: (968) 24561036

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the company is deemed a fair trade risk.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.26

UK Pound

1

Rs.97.51

Euro

1

Rs.77.94

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

               

 

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