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Report No. : |
335276 |
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Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
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Name : |
WOLF INTERNATIONAL LLC |
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Registered Office : |
Dat Al Deyafa
Hotel, Al Goybra North, PO Box : 2004, |
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Country : |
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Date of Incorporation : |
28.02.2009 |
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Com. Reg. No.: |
1/06305/5 |
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Legal Form : |
Limited Liability
Company – LLC |
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Line of Business : |
· Engaged as general building contractors and distributors of building materials and scrap metals · Engaged in real estate development, they own Al Deyafa Hotels. |
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No. of Employee : |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Oman |
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 |
OMAN - ECONOMIC OVERVIEW
Oman is heavily dependent on dwindling oil resources, which generates 77% of government revenue. It is using enhanced oil recovery techniques to boost production. 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 from 46% to 9% by 2020. Muscat also is focused on 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. However, increases in social welfare benefits, particularly since the Arab Spring, have challenged the government's ability to effectively balance its budget as oil prices decline. Despite government acknowledgement that Oman’s expansive social welfare benefits are unsustainable, Oman authorities are comfortable with short-term budget deficits and have approved an expansionary 2015 budget. Concurrently, Oman has expanded efforts to support the development of small and medium-size enterprises and entrepreneurship. Government agencies and large oligarchic group companies have announced new initiatives to spin off non-essential functions to entrepreneurs, incubate new businesses, train and mentor up and coming business people, and provide financing for start-ups.
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Source
: CIA |
Company Name : WOLF INTERNATIONAL LLC
Country of Origin :
Oman
Legal Form :
Limited Liability Company – LLC
Registration Date :
28th February 2009
Commercial Registration Number :
1/06305/5
Chamber Membership Number :
12306
Issued Capital :
RO 150,000
Paid up Capital :
RO 150,000
Total Workforce :
100
Activities :
General building contractors and distributors of building materials and
scrap metals.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed :
Sulaiman Saeed Al Hosani, Managing Director
WOLF INTERNATIONAL
LLC
Building : Dat Al Deyafa Hotel
Area : Al Goybra North
PO Box : 2004, Muscat
112
162, Muscat 118
1417, Muscat 112
Town : Muscat
Country : Oman
Telephone : (968) 24495904
Facsimile : (968) 24495227
Mobile : (968)
99002246 / 97865663 / 91452675
Email : dar-al-deyafa@hotmail.com
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
· South Al Amabilah Retail
premises
Muscat
· South Al Moolah Retail
premises
Muscat
· As Sawmhan Warehouse
premises
Barka
· North Alghubra Retail
premises
Bawshar
· North Alghubra Retail
premises
Bawshar
· North Alghubra Office
premises
Bawshar
Name Position
· Sulaiman Saeed Al Hosani Managing
Director
· Khalid Sulaiman Saeed Al Hosani Director
Date of
Establishment : 28th
February 2009
Legal Form : Limited Liability
Company – LLC
Commercial Reg.
No. : 1/06305/5
Chamber Member No. : 12306
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
· Sulaiman Saeed Al Hosani
· Khalid Sulaiman Saeed Al Hosani
· Bin Saeed Al Hosani Co
Muscat
· Al Madena Al Malakiya
Muscat
Activities: Engaged as general building contractors and distributors of building
materials and scrap metals.
Subject is also engaged in real estate
development, they own Al Deyafa Hotels.
Import Countries: Europe and the Far East
Subject has a workforce of 100 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 Arab Bank
Gurrah Branch
PO Box:
862, Ruwi 133
Muscat
Tel:
(968) 24493305
Acc No. 3128-111393-500
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.63.82 |
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|
1 |
Rs.99.15 |
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Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
ASH |
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 |
-- |
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.