MIRA
INFORM REPORT
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Report Date : |
20.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ABDUL HUSSAIN
MOHAMED KHOORY STORE |
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Registered Office : |
Souq Street, Souq
Aseer, P O Box 175 & 775, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
4866, Doha |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged as operates
of a supermarket and the wholesale and retail of general foodstuff products. |
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 : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ABDUL HUSSAIN MOHAMED KHOORY STORE
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 1992
Commercial Registration Number : 4866, Doha
Membership Number : 714
Invested Capital : QR 200,000
Total Workforce : 12
Line of Business : Operators of a supermarket and wholesalers and
retailers of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ABDUL HUSSAIN
MOHAMED KHOORY STORE
ADDRESS
Registered & Physical Address
Street : Souq Street
Area : Souq Aseer
PO Box : 175 & 775
Town : Doha
Country : Qatar
Telephone : (974) 4416126 / 4606484 / 4419113
Facsimile : (974) 4440030
Mobile : (974) 5512679
Email : khoory@qatar.net.qa
Premises
Subject operates
from a small suite of offices and a supermarket that are owned and located in
the Central Business Area of Doha.
KEY PRINCIPALS
·
Abdul Hussain Mohamed
Khoory Proprietor
& General Manager
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Ali Reza Abu
Al Qassim Assistant
General Manager
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Mohamed
Abdullah Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1992
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 4866
Membership No. : 714
Invested Capital
: QR 200,000
Mr Abdul Hussain
Mohamed Khoory is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
AFFILIATED COMPANIES
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Abdul Hussain
Mohamed Khoory & Partner WLL
PO Box : 175 & 775
Doha
Tel : (974) 4416126 / 4606484 / 4419113
Fax : (974) 4440030
LINE OF BUSINESS
Operations : Engaged as operates of a supermarket and
the wholesale and retail of general foodstuff products.
Import Countries
: Europe and GCC countries.
Operating Trend
: Steady
Subject has a
workforce of 12 employees.
FINANCIAL HIGHLIGHTS
Financial highlights
provided by outside sources are given below :
Currency : Qatari
Riyals (QR)
Year
Ending 31/12/05 : Year
Ending 31/12/06 :
Total Sales QR 5,275,000 QR 5,590,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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United Bank
Ltd
PO Box : 242
Doha
Tel : (974) 4438666 / 4424900
Fax : (974) 4424600
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in 1992,
subject is owned and managed by Mr Abdul Hussain Mohamed Khoory who is well
respected in the local business community.
Please note that
“Abdul Hussain Mohamed Khoory Store” is a sole proprietorship and not a limited
liability company as you requested. The affiliated company “Abdul Hussain
Mohamed Khoory & Partner WLL” is a limited liability company.
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. |
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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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%)