MIRA
INFORM REPORT
|
Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
AL JABER TRADING
& CONTRACTING CO WLL |
|
|
|
|
Registered Office : |
Najma Street, P O
Box 1120, Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Date of Incorporation : |
1991 |
|
|
|
|
Com. Reg. No.: |
9554, Doha |
|
|
|
|
Legal Form : |
With Limited Liability – WLL |
|
|
|
|
Line of Business : |
Engaged as
general contractors, specialising in building construction, civil maintenance
and renovation works, roads, drainage and water works as well as suppliers of
construction materials |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 200,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : AL JABER TRADING & CONTRACTING CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1991
Commercial Registration Number : 9554, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 600
Line of Business : General contractors.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
AL JABER TRADING
& CONTRACTING CO WLL
ADDRESS
Registered & Physical Address
Location : Najma Street
PO Box : 1120
Town : Doha
Country : Qatar
Telephone : (974) 4323737
Facsimile : (974) 4323168
Email : jtcdoh@qatar.net.qa
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Doha.
KEY PRINCIPALS
Name Nationality Position
·
Zayed Ahmed
Abu Ajina Palestinian Managing Director
·
Hisham Gad - Project
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1991
Legal Form :
Sharikat Thet Massouliya
Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 9554, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
·
Zayed Ahmed
Abu Ajina
·
Al Jaber Group
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
·
Al Jaber
Engineering Co
·
Al Jaber Steel
Co
·
International
Engineering & General Contracting Co
LINE OF BUSINESS
Operations : Engaged as general contractors,
specialising in building construction, civil maintenance and renovation works,
roads, drainage and water works as well as suppliers of construction materials
Subject has a
workforce of approximately 600 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
·
Qatar Islamic
Bank
Al
Khleej Insurance Building
Grand Hamad Avenue
PO Box : 559
Doha
Tel : (974) 4409409
Fax : (974) 4412700
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 operates as general contractors, specialising in building
construction, civil
maintenance and renovation works, roads, drainage and water works as
well as suppliers
of construction materials
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$ 200,000
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)