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Report No. : |
338492 |
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Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
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Name : |
TALENT
INTERNATIONAL LLC |
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Registered Office : |
Souq Road, Barakah Area, P O Box: 958, Athaiba 130, Muscat |
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Country : |
Oman |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
10.10.2009 |
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Com. Reg. No.: |
1/07773/9 |
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Legal Form : |
Limited Liability Company – LLC |
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Line of Business : |
Import and Distribution
of Building Materials and Related Accessories. |
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No. of Employees : |
10 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 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.
|
Source
: CIA |
Company Name : TALENT INTERNATIONAL LLC
Country of Origin : Oman
Legal Form :
Limited Liability Company – LLC
Registration Date : 10th
October 2009
Commercial
Registration Number : 1/07773/9
Membership Number : 11139
Issued Capital : RO
150,000
Paid up Capital : RO
150,000
Total Workforce : 10
Activities :
Distributors of building materials and related accessories.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Vipin
Podiyamma, Financial Controller
TALENT
INTERNATIONAL LLC
Street : Souq Road
Area : Barakah Area
PO Box : 958, Athaiba 130
Town : Muscat
Country : Oman
Telephone : (968) 26883413
Facsimile : (968) 26883415
Mobile : (968) 99255408 / 95774691 /
99351612
Email : talentintenationalllc@gmail.com
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Muscat.
Name Nationality Position
·
Hari
Daz Paskaran Indian Managing Director
·
Vyppin
Kattil Abdul Karim Shihab Indian Director
·
Sayed
Khames Khalfan Al Baloushi Omani Director
·
Vipin
Podiyamma - Financial
Controller
Date of Establishment : 10th
October 2009
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/07773/9
Membership
No. : 11139
Issued Capital : RO 150,000
Paid up Capital : RO 150,000
·
Hari
Daz Paskaran
·
Vyppin
Kattil Abdul Karim Shihab
·
Sayed
Khames Khalfan Al Baloushi
Activities: Engaged in the import and distribution of
building materials and related accessories.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 10 employees.
Financial highlights
provided by local sources are given below:
Currency: Riyal
Omani (RO)
Year
Ending 31/12/13: Year Ending
31/12/14:
Total Sales RO 1,050,000 RO 1,200,000
Local sources
consider subject’s financial condition to be Fair.
The above figures were
provided by Mr Vipin Podiyamma, Financial Controller
·
Commercial Bank of Oman SAOG
Muttrah Business District
PO Box: 1696, Ruwi 112
Muscat
Tel: (968) 24793225 / 24793226 /
24793228
Fax: (968) 24793229
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.66.23 |
|
|
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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.