MIRA
INFORM REPORT
|
Report Date : |
20.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
MALZAMAT |
|
|
|
|
Registered Office : |
Street No. 5,
Industrial
Area, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
22.05.2007 |
|
|
|
|
Com. Reg. No.: |
3552, |
|
|
|
|
Legal Form : |
Sharikat Thet Massouliya Mahdoudeh (With Limited Liability -
WLL) |
|
|
|
|
Line of Business : |
Engaged in
the import and distribution of scaffolding and formwork accessories, including tie
rod wing nuts, base plate water stoppers, base jacks, u head jacks, universal jacks, scaffolding sets, cuplock systems, fasteners, and tools. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
US$ 50,000 |
|
|
|
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name :
MALZAMAT
Country of Origin :
Legal Form :
With Limited Liability - WLL
Registration Date :
22nd May 2007
Commercial Registration Number :
3552,
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
4
Line of Business :
Import and distribution
of scaffolding and formwork
accessories
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
MALZAMAT
ADDRESS
Registered & Physical Address
Street : Street No. 5
Area : Industrial
Area
Town :
Country :
Telephone : (974) 4504266
Facsimile : (974) 4502489
Email : thoufeequekt@gmail.com
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Industrial Area of Doha.
KEY PRINCIPALS
Name Nationality Position
Moidu Sparammal Indian Managing
Director
Hussain Saeed
Al Hajiri Qatari Director
Taufeeque Ahmed - General
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 22nd
May 2007
Legal Form :
Sharikat Thet Massouliya Mahdoudeh (With Limited Liability - WLL)
Commercial Reg. No. : 3552,
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Name of Shareholder
(s)
Moidu Sparammal
Hussain Saeed
Al Hajiri
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 import and distribution of
scaffolding and formwork accessories,
including tie rod wing nuts, base plate water
stoppers, base jacks, u head jacks,
universal jacks, scaffolding sets, cuplock systems, fasteners, and tools.
Import Countries :
Subject has a workforce of 4 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly formed business and as a result financial information
is not currently available.
BANKERS
HSBC Bank
PO Box : 57
Tel : (974) 4423124
Fax : (974) 4416353
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 150,000:
Investigations undertaken in Doha did not reveal any sign of payment
defaults or delays during initial trading stages, and subject is believed to meet
its payment obligations in a timely manner, nevertheless, and in view of the
company’s infancy and the lack of a more consistent payment and financial
record, a measure of caution is advisable and a close monitoring of subject’s
business development is recommended.
Maximum suggested credit figure: US$ 50,000
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%)