MIRA
INFORM REPORT
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Report Date : |
17.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
GENTLEMAN CO WLL |
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Registered Office : |
Al Nasr Street, PO Box
21437, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1997 |
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Com. Reg. No.: |
29844, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Wholesale and Retail of Readymade Garments and Textiles. |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : GENTLEMAN CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1997
Commercial Registration Number : 29844, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 30
Activities : Wholesale and retail of readymade garments and textiles.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
GENTLEMAN CO WLL
ADDRESS
Registered & Physical Address
Location : Al Nasr Street
PO Box : 21437
Town : Doha
Country : Qatar
Telephone : (974) 4350557 /
4310730
Facsimile : (974) 4310730
Email : gentleman1@yahoo.com
Premises
Subject operates from a medium sized suite of offices and a showroom
that are rented and located in the Central Business Area of Doha.
KEY PRINCIPALS
Name Nationality Position
· Amer
Al Nasr Syrian Managing
Director
· Nabil
Al Nasr Syrian Director
· Nasir
Al Nasr Syrian Director
· Samir
Bagdash Syrian Director
· Ibrahim
Al Ansari Qatari Director
· Haider
Al Khoja - General
Manager
· Mohamed
Feras - Finance
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1997
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 29844, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
· Amer
Al Nasr
· Nabil
Al Nasr
· Nasir
Al Nasr
· Samir
Bagdash
· Ibrahim
Al Ansari
OPERATIONS
Activities: Engaged in the wholesale and retail of readymade garments and textiles.
Import Countries: Asia and the Far East
Operating Trend: Steady
Subject has a workforce of 30 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: Qatari Riyals (QR)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Sales QR
3,500,000 QR
4,000,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
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Commercial Bank of Qatar Ltd (QSC)
PO Box : 3232
Doha
Tel : (974) 4490222
Fax : (974) 4438182
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
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 within subject’s financial means.
The financial information contained within this report has been verified
by Mr Mohamed Feras – Finance Manager.
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%)