MIRA
INFORM REPORT
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Report Date : |
5th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
JANNAT
AL KHALEEJ EST |
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Registered Office : |
Sana R/A
Street, PO Box: 15385, Doha, Qatar |
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Country : |
Qatar |
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Date of Incorporation : |
13.08.2006 |
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Com. Reg. No.: |
16635, Doha |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
Importer
and Distributor of general foodstuff products. |
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 : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
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Company
Name |
JANNAT AL KHALEEJ EST |
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Country
of Origin |
Qatar |
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Legal
Form |
Sole Proprietorship |
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Registration
Date |
13th August 2006 |
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Commercial
Registration Number |
16635, Doha |
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Invested
Capital |
QR 100,000 |
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Total
Workforce |
5 |
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Line
of Business |
Distributors of general foodstuff products. |
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Financial
Condition |
Undetermined |
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Payments |
Nothing detrimental uncovered |
COMPANY NAME
JANNAT
AL KHALEEJ EST
ADDRESS
Registered & Physical Address
Location : Sana R/A Street
PO Box : 15385
Town : Doha
Country : Qatar
Telephone : (974) 4311654
Facsimile : (974) 4311654
Mobile : (974) 5831083
Email : skynetdoha@gmail.com
Premises
Subject
operates from a small suite of offices and a warehouse that are rented and
located in the Central Business Area of Doha.
KEY PRINCIPALS
· Mohamed Ashraf Proprietor
LEGAL FORM & OWNERS
Date of Establishment : 13th August 2006
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 16635, Doha
Invested
Capital : QR 100,000
Mr
Mohamed Ashraf 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.
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of general foodstuff products,
specialising in dried
foods.
Import
Countries :
Europe and the Far East.
Subject
has a workforce of 5 employees.
FINANCIAL HIGHLIGHTS
Subject
is a newly formed business and as a result financial information is not
currently available.
BANKERS
·
Commercial
Bank of Qatar Ltd (QSC)
Salwa Road
PO Box : 3232
Doha
Tel : (974) 4490222
Fax : (974) 4438182
Acc No. 4580581017001
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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