MIRA
INFORM REPORT
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Report Date : |
13.09.2007 |
IDENTIFICATION DETAILS
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Name : |
DALLAH
INTERNATIONAL 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 : |
2nd May
2005 |
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Com. Reg. No.: |
29496, |
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Legal Form : |
With Limited Liability – WLL |
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Line of Business : |
Engaged in the
provision of catering
services as well as suppliers of hotel equipment and related
accessories. |
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 : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : DALLAH INTERNATIONAL
WLL
Country of Origin :
Legal Form :
With Limited Liability - WLL
Registration Date : 2nd
May 2005
Commercial
Registration Number : 29496,
Issued Capital : QR
500,000
Paid up Capital : QR
500,000
Total Workforce : 60
Line of Business : Providers
of catering services.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
DALLAH
INTERNATIONAL WLL
ADDRESS
Registered & Physical Address
Location :
PO Box : 24642
Town :
Country :
Telephone : (974) 4445424
Facsimile : (974) 4422492 / 4445494
Email : balilsafadi@qatarnet.qa
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Doha.
KEY PRINCIPALS
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Ahmed
Bilal Al Safadi Managing
Director
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Rashid
Al Nuaimai Director
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Shaheen Al Kawari Director
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Fahmi
Gazal Director
LEGAL FORM &
OWNERS
Date of Establishment : 2nd
May 2005
Legal Form :
Sharikat Thet Massouliya
Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 29496,
Issued Capital : QR 500,000
Paid up Capital : QR 500,000
Name of Shareholder
(s)
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Ahmed
Bilal Al Safadi
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Rashid
Al Nuaimai
·
Shaheen Al Kawari
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Fahmi
Gazal
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 provision of catering services as well as
suppliers of hotel equipment and related accessories.
Import Countries
: Europe and the
Subject has a
workforce of 60 employees.
FINANCIAL HIGHLIGHTS
Financial highlights
provided by outside sources are given below :
Currency : Qatari
Riyals (QR)
Year
Ending 31/12/06 :
Total Revenue QR
9,200,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Doha
Bank Ltd
PO Box : 3818
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 provision of catering services as well as suppliers of hotel
equipment and related accessories.
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 and the above credit figure is
deemed 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. |
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%)