MIRA
INFORM REPORT
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Report Date : |
28.09.2007 |
IDENTIFICATION DETAILS
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Name : |
KHALIL ALI AKBAR
LARI GROUP 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 : |
2004 |
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Com. Reg. No.: |
29475 |
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Legal Form : |
With Limited Liability – WLL |
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Line of Business : |
Engaged in the import and distribution of general foodstuff products, including
rice and confectionery items. |
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 : KHALIL ALI AKBAR LARI GROUP WLL
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 2004
Commercial Registration Number :
29475,
Membership Number : 9262
Issued Capital : QR 500,000
Paid up Capital : QR 500,000
Total Workforce : 35
Line of Business : Distributors of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
KHALIL ALI AKBAR
LARI GROUP WLL
ADDRESS
Registered & Physical Address
Location :
PO Box : 16586
Town :
Country :
Telephone : (974) 4581139
Facsimile : (974) 4581252
Email : lariqt@qatar.net.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
· Khalil Ali Akbar Lari Managing
Director
· Abdulrazzaq Khalil Ali Akbar Lari Director
·
Ali Khalil Ali Akbar Lari Director
· Rafeeue Apm General
Manager
LEGAL FORM &
OWNERS
Date of
Establishment : 2004
Legal Form : Sharikat Thet
Massouliya Mahdoudeh (With Limited Liability - WLL)
Commercial Reg.
No. : 29475,
Membership No. :
9262
Issued Capital : QR 500,000
Paid up Capital : QR 500,000
Name of Shareholder
(s)
· Khalil Ali Akbar Lari
· Abdulrazzaq Khalil Ali Akbar Lari
·
Ali Khalil Ali Akbar Lari
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
· Khalil Ali Akbar
Lari Co
Al
PO Box : 591
Tel : (973-17) 311178 / 292972 / 211141
Fax : (973-17) 311148 / 292998 / 210785
· Al Nour Palace for
Lighting
PO Box : 591
Tel : (973-17)
292972
Fax : (973-17)
292998
LINE OF BUSINESS
Operations : Engaged in the import and distribution of general foodstuff
products, including rice and confectionery items.
Import Countries :
Operating Trend : Steady
Subject has a workforce of 35 employees.
FINANCIAL
HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Qatari Riyals (QR)
Year
Ending 31/12/05 : Year
Ending 31/12/06 :
Total Revenue QR
9,700,000 QR
10,800,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
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Qatar National Bank SAQ
PO Box : 1002
Tel : (974) 4413511 / 4407407
Fax : (974) 4415020
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 2004, subject is owned and managed by members of the
Akbar Lari family who are well respected in the local business community.
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.
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%)