MIRA
INFORM REPORT
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Report Date : |
18.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
AL
RAWABI FOOD CENTRE WLL |
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Registered Office : |
Al
Rayan Area, P O Box 21651, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
1979 |
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Com. Reg. No.: |
31151 |
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Legal Form : |
With Limited Liability – WLL |
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Line of Business : |
Wholesalers and retailers of fruit and vegetables. Wholesalers and retailers of general foodstuff products. Wholesalers and retailers of household electrical appliances,
computers and cash machines. Providers
of airport catering services. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$
200,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : AL RAWABI FOOD CENTRE WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1979
Commercial Registration Number : 31151, Doha
Membership Number : 10406
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 500
Line of Business : Operations are performed through subject’s divisions (see
below for details).
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
AL
RAWABI FOOD CENTRE WLL
ADDRESS
Registered & Physical Address
Location : Al Rayan Area
PO Box : 21651
Town : Doha
Country : Qatar
Telephone : (974) 4812374 / 4812582
Facsimile : (974) 4820974 / 4806446
Mobile : (974) 5832370
Email : alrawabifoodcentre@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.
Branch Offices
Subject has branch offices located in Al Khor, Wakara, Najma and Asmak.
KEY PRINCIPALS
Name Nationality Position
· Homaid Al Shawan Qatari Managing Director
· Malinti P Abdullah Indian Director
· Mohamed Sadiq Bayin Indian Director
· Mahmoud Morinderi Indian Director
· Mohamed Abdullah Indian Director
· M V Ahmed Indian Director
LEGAL FORM &
OWNERS
Date of Establishment : 1979
Legal Form : Sharikat Thet Massouliya Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 31151, Doha
Membership No. : 10406
Issued
Capital : QR 200,000
Paid
up Capital : QR 200,000
Name of Shareholder
(s)
· Homaid Al Shawan
· Malinti P Abdullah
· Mohamed Sadiq Bayin
· Mahmoud Morinderi
· Mohamed Abdullah
· M V Ahmed
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
: Subject’s
operations are performed through the following divisions:
· Fruit & Vegetable Division
Wholesalers and retailers of
fruit and vegetables.
· Foodstuff Division
Wholesalers and retailers of
general foodstuff products.
· Electronic Division
Wholesalers and retailers of
household electrical appliances, computers and cash machines.
· Catering Division
Providers of airport catering services.
Import
Countries :
Europe and the Far East.
Subject
has a workforce of approximately 500 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in Qatar are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
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Doha
Bank Ltd
PO Box : 3818
Doha
Tel : (974) 4435444
Fax : (974) 4416631 / 4410625
·
Commercial
Bank of Qatar Ltd (QSC)
Salwa Road
PO Box : 3232
Doha
Tel : (974) 4490222
Fax : (974) 4438182
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established
in 1979, subject’s operations are performed through its divisions and include
Fruit & Vegetables, Foodstuff, Electronic and Catering.
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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