MIRA
INFORM REPORT
|
Report Date : |
06.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
GULF HOTELS
COMPANY WLL |
|
|
|
|
Registered Office : |
Al Istiqlal Road, West Bay Lagoon, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
15th May 1996 |
|
|
|
|
Com. Reg. No.: |
18261, |
|
|
|
|
Legal Form : |
With Limited Liability – WLL |
|
|
|
|
Line of Business : |
Engaged as owners
and operators of a hotel in |
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$ 150,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : GULF HOTELS COMPANY WLL
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 15th May 1996
Commercial Registration Number :
18261,
Membership Number : 3159/1
Issued Capital : QR 5,000,000
Paid up Capital : QR 5,000,000
Total Workforce : 100
Line of Business : Owners and operators of a hotel.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
GULF HOTELS COMPANY
WLL
ADDRESS
Registered & Physical Address
Street :
Area :
PO Box : 6822
Town :
Country :
Telephone : (974) 4844895
Facsimile : (974) 4931021
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Doha.
KEY PRINCIPALS
Name Nationality Position
·
Sheikh
Mohamed Bin Fahd Al Thani Qatari Managing Director
·
Joanu
Iskabisi Greek Director
LEGAL FORM &
OWNERS
Date of Establishment : 15th
May 1996
Legal Form :
Sharikat Thet Massouliya
Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 18261,
Membership
No. : 3159/1
Issued Capital : QR 5,000,000
Paid up Capital : QR 5,000,000
Name of Shareholder
(s)
·
Sheikh
Mohamed Bin Fahd Al Thani
·
Joanu
Iskabisi
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 as owners and operators of a hotel
in
Subject has a
workforce of 100 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in
BANKERS
·
Arab
Bank Plc
PO Box : 3058
Tel : (974) 4426555 / 4426560
Fax : (974) 4447218
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in
1996, subject acts as owners and operators of a hotel in
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
|
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%)