MIRA
INFORM REPORT
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Report Date : |
31.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
ATHENS GRANITE
& MARBLE CO WLL |
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Registered Office : |
Road No. 47,
Industrial Area, P O Box 23075 & 9200, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
17th October 2005 |
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Com. Reg. No.: |
39228, Doha |
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Legal Form : |
With Limited Liability – WLL |
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Line of Business : |
Engaged in the cutting
and processing 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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
SUMMARY
Company Name : ATHENS GRANITE & MARBLE CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 17th October 2005
Commercial Registration Number : 39228, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 15
Line of Business : Cutters and processors of marble and granite.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
COMPANY NAME
ATHENS GRANITE
& MARBLE CO WLL
ADDRESS
Registered & Physical Address
Street : Road No. 47
Area : Industrial Area
PO Box :
23075 & 9200
Town : Doha
Country : Qatar
Telephone : (974) 4423154
Facsimile : (974) 4602734
Mobile : (974) 5542039
Email : madinamarble1996@yahoo.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
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Abdullah
Mohamed Roshanass Managing
Director
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Abdulrahman
Mohamed Issa Director
LEGAL FORM &
OWNERS
Date of Establishment : 17th
October 2005
Legal Form :
Sharikat Thet Massouliya
Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 39228, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
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Abdullah
Mohamed Roshanass
·
Abdulrahman
Mohamed Issa
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 and processing of
marble and granite.
Import Countries
: Europe and GCC countries.
Subject has a
workforce of 15 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Qatari
Riyals (QR)
Year
Ending 31/12/06:
Total Revenue QR 3,700,000
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
Opinion on the
credit figure of US$ 150,000:
Established in
2005, subject is involved in the cutting and processing of marble and granite.
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$ 150,000
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%)