MIRA
INFORM REPORT
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Report Date : |
17.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
STONE
TEKNIK WLL |
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Registered Office : |
Street
No. 36, Gate No. 94, Industrial Area, P. O. Box 16410, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
4th
May 2006 |
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Com. Reg. No.: |
32824 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Engaged
in the import and distribution of stone, marble, granite, tiles and ceramics. |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
US$
40,000 |
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Status : |
New
Company |
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Payment Behaviour : |
So Far
Correct |
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Litigation : |
Clear |
SUMMARY
Company Name : STONE TEKNIK WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 4th May 2006
Commercial Registration Number : 32824, Doha
Issued Capital : QR 500,000
Paid up Capital : QR 500,000
Total Workforce : 10
Line of Business : Distributors of stone, marble, granite, tiles and ceramics.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
STONE
TEKNIK WLL
ADDRESS
Registered & Physical
Address
Location : Street No. 36, Gate No. 94
Area : Industrial Area
PO Box : 16410
Town : Doha
Country : Qatar
Telephone : (974) 4506728
Facsimile : (974) 4506527
Email : stone_teknik@yahoo.com
Premises
Subject
operates from a small suite of offices and a warehouse that are rented and
located in the Industrial Area of Doha.
KEY PRINCIPALS
Name Nationality Position
·
Sanjay
Shiny Indian Managing Director
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Sheikh
Abdulrahman Nasser Mohamed Al Thani Qatari Director
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Ali
Ahmed Ali Al Hakim Qatari Director
LEGAL FORM & OWNERS
Date of Establishment : 4th May 2006
Legal Form : Sharikat Thet Massouliya Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 32824, Doha
Issued
Capital : QR 500,000
Paid
up Capital : QR 500,000
Name of Shareholder (s)
·
Sanjay
Shiny
·
Sheikh
Abdulrahman Nasser Mohamed Al Thani
·
Ali
Ahmed Ali Al Hakim
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 stone, marble, granite, tiles and ceramics.
Import
Countries :
Europe and GCC countries.
Subject
has a workforce of 10 employees.
FINANCIAL HIGHLIGHTS
Subject
is a newly formed business and as a result financial information is not
currently available.
BANKERS
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Doha
Bank Ltd
PO Box : 3818
Doha
Tel : (974) 4435444
Fax : (974) 4416631 / 4410625
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 150,000:
Investigations
undertaken in Doha did not reveal any sign of payment defaults or delays during
initial trading stages, and subject is believed to meet its payment obligations
in a timely manner, nevertheless, and in view of the company’s infancy and the
lack of a more consistent payment and financial record, a measure of caution is
advisable and a close monitoring of subject’s business development is
recommended.
Maximum
suggested credit figure: US$ 40,000
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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