MIRA
INFORM REPORT
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Report Date : |
06.06.2007 |
IDENTIFICATION DETAILS
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Name : |
MARBLE AND
GRANITE CENTRE WLL |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1991 |
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Com. Reg. No.: |
13396, |
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Legal Form : |
With Limited Liability – WLL |
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Line of Business : |
Engaged in the cutting,
processing and distribution of marble and granite. |
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$ 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : MARBLE AND GRANITE CENTRE WLL
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 1991
Commercial Registration Number :
13396,
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 170
Line of Business : Cutters, processors and distributors of marble and granite.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
MARBLE AND GRANITE
CENTRE WLL
ADDRESS
Registered & Physical Address
Street :
Area : Al Diwan Area
PO Box : 11529
Town :
Country :
Telephone : (974) 4422828 / 4424291
Facsimile : (974) 4422303
Email : mgc_qtr@hotmail.com
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Suburban Business Area of Doha.
KEY PRINCIPALS
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Mahdi
Mohamed Reda Ansari Managing
Director
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Ibrahim
Mohamed Reda Ansari Director
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Abdul
Moniem Mohamed Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1991
Legal Form :
Sharikat Thet Massouliya
Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 13396,
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
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Mahdi
Mohamed Reda Ansari
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Ibrahim
Mohamed Reda Ansari
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 cutting, processing and
distribution of marble and granite.
Import Countries
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Operating Trend
: Steady
Subject has a
workforce of 170 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Qatari
Riyals (QR)
Year
Ending 31/12/05 : Year
Ending 31/12/06 :
Total Revenue QR 31,800,000 QR 36,475,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Commercial
Bank of Qatar Ltd
PO Box : 3232
Tel : (974) 4490222
Fax : (974) 4438182
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in
1991, subject is owned and managed by Mr Mahdi Mohamed Reda Ansari and Mr Ibrahim Mohamed Reda
Ansari who are well respected in the local business community.
Local sources
report that payment obligations are met in a generally timely manner and the operating
history is clear. As such the company is deemed a fair trade risk and the above
credit figure is considered to be within subject’s financial means.
Maximum suggested
credit figure: US$ 500,000
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)