MIRA
INFORM REPORT
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Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ABDULLA
ABDUL RAHMAN TRADING EST |
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Registered Office : |
Khalidya
Street, Al Najma Area, P O Box 1820, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
1986 |
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Com. Reg. No.: |
9404 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged
as general building and construction contractors as well as real estate
development. Providers of cargo and forwarding services. |
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$
300,000 |
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Status : |
Fair |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : ABDULLA ABDUL RAHMAN TRADING EST
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 1986
Commercial Registration Number : 9404, Doha
Invested Capital : QR 1,500,000
Total Workforce : 120
Line of Business : Operations are performed through subject’s divisions (see
below for details).
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ABDULLA
ABDUL RAHMAN TRADING EST
ADDRESS
Registered & Physical Address
Street : Khalidya Street
Area : Al Najma Area
PO Box : 1820
Town : Doha
Country : Qatar
Telephone : (974) 4421887
Facsimile : (974) 4425542
Email : haiderabdul@hotmail.com
Premises
Subject
operates from a large suite of offices and a warehouse that are owned and
located in the Central Business Area of Doha.
KEY PRINCIPALS
· Abdulla Abdul Rahman Proprietor
· Haider Abdulla Abdul Rahman General
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1986
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 9404, Doha
Invested
Capital : QR 1,500,000
Mr
Abdulla Abdul Rahman 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
: Subject’s
operations are performed through the following divisions:
· Contracting Division
Engaged as general building and construction contractors as well as real
estate development.
· Cargo Services Division
Providers
of cargo and forwarding services.
Operating
Trend : Steady
Subject
has a workforce of 120 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
29,600,000 QR
32,750,000
Local
sources consider subject’s financial condition to be Fair.
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
Established
in 1986, subject is owned and managed by Mr Abdulla Abdul Rahman who is well
respected in the local business community.
Local
sources report that the subject’s operating history is clear with payment
obligations met in a generally timely manner. The financial position is
satisfactory and the business is deemed a fair trade risk.
Maximum
suggested credit figure: US$ 300,000
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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