Debt Funding
Debt Funding
Target Amount
Annualized Return
Raised Money in the past
Mr Mohammed Abdullah Al Shahri is running in restaurant in Salalah for last 15 years in a leased premises. The restaurant name is Wadi Adhrarat Trading and it is located in Ittin in Salalah.
The short term loan is required towards purchase of additional inventory for the restaurant operations. The short term loan would be for 6 months and repaid through 6 monthly instalments (Principal & Interest) from the date of drawdown.
Wadi Adhrarat Trading Establishment, is an individual firm wholly owned and run by Mr. Mohammed Al Shahri (37 years old). Mr. Mohammed has over 15 years of experience working in the restaurant and food management field in the Sultanate of Oman.
The annual turnover of the estimated restaurant is around c. RO 420,000/- annualized as per the Bank statements.
Character
Mr. Mohammed Al Shahri, as the business owner, has been running the restaurant for last 15 years. The Mala'a report of the business is shown. His personal Mala'a report on date 03/Sep 2024 had small overdue of RO 60.667/- towards phone dues, which he has advised that he has cleared them.
Capital
Mr. Shahri personal Mala' report does not have show any debt obligations. The Firm has o/s bank borrowing of RO 35,363/- from Bank Muscat.
Capacity
Based on review of credits from the bank statements furnished, annalized turnover of the estimated restaurant business is around RO 420,000/-. The average monthly credits of RO 35,419/-.
Collateral
2 security cheques for three P&I instalments for each of the two quarters and one Security cheque for full P&I amount of the repayable amount.
Conditions
1. Short term loan would be repayable in 6 monthly instalments of RO 575/- each per month. The annual interest rate is 30%
2. The loan can be prepaid at any time without prepayment charges for the full value of the PDCs outstanding.
