MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
GREEN
CARPENTRY WLL |
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Registered Office : |
Building
No. 50, Street No. 10, Industrial Area, P. O. Box 7981, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
15662 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Engaged
in the import and distribution of timber and the manufacture of wooden doors,
windows, shelves, cupboards and kitchen cabinets. |
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$
200,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : GREEN CARPENTRY WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 2002
Commercial Registration Number : 15662, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 35
Line of Business : Distributors of timber and manufacturers of wooden
products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
GREEN
CARPENTRY WLL
ADDRESS
Registered & Physical Address
Building : Building No. 50
Street : Street No. 10
Area : Industrial Area
PO Box : 7981
Town : Doha
Country : Qatar
Telephone : (974) 4600243
Facsimile : (974) 4600243
Email : m_daloul2002@hotmail.com
Premises
Subject
operates from a small suite of offices and a factory that are rented and
located in the Industrial Area of Doha.
KEY PRINCIPALS
Name Nationality Position
· Rajab Mohamed Efehid Palestinian Managing Director
· Rashid Khalf Al Ismail Qatari Director
· Mazen Rajab Efehid Palestinian Commercial Manager
LEGAL FORM &
OWNERS
Date of Establishment : 2002
Legal Form : Sharikat Thet Massouliya Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 15662, Doha
Issued
Capital : QR 200,000
Paid
up Capital : QR 200,000
Name of Shareholder
(s) Percentage
· Rashid Khalf Al Ismail 51%
· Rajab Mohamed Efehid 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 timber and the manufacture of wooden doors, windows,
shelves, cupboards and kitchen cabinets.
Import
Countries :
Europe and GCC countries.
Operating
Trend : Steady
Subject
has a workforce of 35 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
6,900,000 QR
7,500,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Qatar
Islamic Bank
Al Khaleej Insurance Building
Grand Hamad Avenue
PO Box : 559
Doha
Tel : (974) 4409409
Fax : (974) 4412700
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established
in 2002, subject is involved in the import and distribution of timber and the
manufacture of wooden doors, windows, shelves, cupboards and kitchen cabinets.
During
the course of this investigation nothing detrimental was uncovered regarding
subject’s operating history or the manner in which payments are fulfilled. As
such the company is considered to be a fair trade risk.
Maximum
suggested credit figure: US$ 200,000
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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