MIRA
INFORM REPORT
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Report Date : |
9th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
AL
DEYAA FOR ENGINEERING & FIRE |
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Registered Office : |
Industrial
Area, PO Box : 22353, Doha, Qatar |
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Country : |
Qatar |
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Date of Incorporation : |
2000 |
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Com. Reg. No.: |
23178, Doha |
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Legal Form : |
Sharikat
Thet Massouliya Mahdoudeh (With Limited Liability - WLL) |
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Line of Business : |
Importer and Distributors of fire fighting equipment and safety equipment. |
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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Maximum Credit Limit : |
US$
150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
SUMMARY
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Company Name |
AL DEYAA FOR ENGINEERING & FIRE SERVICES WLL |
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Country of Origin |
Qatar |
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Legal Form |
With Limited Liability - WLL |
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Registration Date |
2000 |
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Commercial Registration Number |
23178, Doha |
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Membership Number |
5525 |
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Issued Capital |
QR 200,000 |
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Paid up Capital |
QR 200,000 |
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Total Workforce |
10 |
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Line of Business |
Distributors of fire fighting equipment and safety equipment. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
AL DEYAA
FOR ENGINEERING & FIRE SERVICES WLL
ADDRESS
Registered & Physical Address
Location : Industrial Area
PO Box : 22353
Town : Doha
Country : Qatar
Telephone : (974) 4693166
Facsimile : (974) 4696623
Premises
Subject
operates from a small suite of offices and a warehouse that are owned and
located in the Industrial Area of Doha.
KEY PRINCIPALS
Name Nationality Position
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Noah
Ahmed Al Thani Qatari Managing Director
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Deya
Eddine Mahmoud Sudanese Director
LEGAL FORM & OWNERS
Date of Establishment : 2000
Legal Form : Sharikat Thet Massouliya Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 23178, Doha
Membership No. : 5525
Issued
Capital : QR 200,000
Paid
up Capital : QR 200,000
Name of Shareholder (s) Percentage
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Noah
Ahmed Al Thani 51%
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Deya
Eddine Mahmoud 49%
Note to the Legal Form
A limited liability company must have between two and thirty members. Its minimum capital cannot be less than QR 200,000. The capital is divided into shares of not less than QR 1,000 each. The company must keep a register of members. The liability of members is restricted to the nominal value of their shares in the registered capital.
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of fire fighting equipment and safety equipment.
Import
Countries :
Europe and the Far East.
Operating
Trend : Steady
Subject
has a workforce of 10 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Qatari Riyals (QR)
Year
Ending 31/12/04 : Year
Ending 31/12/05 :
Total
Revenue QR
3,740,000 QR
3,910,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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Qatar
National Bank SAQ
PO Box : 1002
Doha
Tel : (974) 4413511 / 4407407
Fax : (974) 4415020
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 150,000:
Established
in 2000, subject is involved in the import and distribution of fire fighting
equipment and safety equipment.
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 and the above credit figure is considered to be within subject’s financial
means.
Maximum
suggested credit figure: US$ 150,000
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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