MIRA
INFORM REPORT
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Report Date : |
23.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
JULPHAR
ENTERPRISES WLL |
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Registered Office : |
Gulf
Road, P O Box 500, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
27428, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Engaged
in the distribution and retail of pharmaceutical products, medicines,
chemicals and related raw materials. |
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$
250,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : JULPHAR ENTERPRISES WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1992
Commercial Registration Number : 27428, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 17
Line of Business : Distribution and retail of pharmaceutical products,
medicines, chemicals and related raw materials.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
JULPHAR
ENTERPRISES WLL
ADDRESS
Registered & Physical Address
Location : Gulf Road
PO Box : 500
Town : Doha
Country : Qatar
Telephone : (974) 4690781 / 4420575
Facsimile : (974) 4690579 / 4420373
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
· Sheikh Saud Bin Saqr Al Qassimi Managing
Director
· Abdul Razaq Yousuf Abdullah Director
LEGAL FORM &
OWNERS
Date of Establishment : 1992
Legal Form : Sharikat Thet Massouliya Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 27428, Doha
Issued
Capital : QR 200,000
Paid
up Capital : QR 200,000
Name of Shareholder
(s)
· Sheikh Saud Bin Saqr Al Qassimi
· Abdul Razaq Yousuf Abdullah
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.
AFFILIATED COMPANIES
· Julphar Gulf Pharmaceutical
Industries Ltd
Julphar Industrial Area
PO Box 997
Ras Al Khaimah
United Arab Emirates
Tel: (971-7) 7441441
Fax: (971-7) 7441465
LINE OF BUSINESS
Operations
: Engaged in the
distribution and retail of pharmaceutical products, medicines, chemicals and
related raw materials.
Import
Countries :
Japan, Switzerland and France.
Operating
Trend : Steady
Subject
has a workforce of 17 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
8,500,000 QR 8,875,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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Doha
Bank Ltd
Al Jasrah Street
PO Box : 3818
Doha
Tel : (974) 4435444
Fax : (974) 4416631 / 4410625
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
Date of transaction July 2001 January 2006
Credit
amount 200,000 200,000
Amount
overdue 0 0
Payment
terms 90 days 90 days
Payment
Method Letters of Credit Letters of Credit
Paying
record No Complaints No Complaints
Currency US
Dollars Euros
GENERAL COMMENTS
Established
in 1992, Julphar Enterprises WLL is engaged in the distribution and retail of
pharmaceutical products, medicines, chemicals and related raw materials.
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$ 250,000
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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