MIRA
INFORM REPORT
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Report Date : |
23.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
HBK
TRADING CO WLL |
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Registered Office : |
Hamad Bin Khalid
Building, Ras Abu Abbud Street, PO Box 1806, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
1978 |
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Com. Reg. No.: |
19390,
Doha |
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Legal Form : |
With Limited
Liability - WLL |
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Line of Business : |
Importer and
Distributor of Building Materials and Timber Products. |
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 : HBK TRADING CO WLL
Also Known As : HAMAD BIN KHALID TRADING CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1978
Commercial Registration Number : 19390, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 50
Activities : Import and distribution of building materials and timber products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 200,000
COMPANY NAME
HBK
TRADING CO WLL
ALSO KNOWN AS
HAMAD
BIN KHALID TRADING CO WLL
ADDRESS
Registered & Physical Address
Building : Hamad Bin Khalid Building
Street : Ras Abu Abbud Street
PO Box : 1806
Town : Doha
Country : Qatar
Telephone : (974) 4370924 / 4425022 / 4328676 / 4328684
Facsimile : (974) 4356098
Email : hbk@qatar.net.qa
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the
Suburban Business Area of Doha.
KEY PRINCIPALS
Name Nationality Position
·
Sheikh
Hamad Bin Khalid Qatari Managing
Director
·
Charles
Taher - General
Manager
·
Thomas
V. - Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1978
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 19390, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
·
Sheikh
Hamad Bin Khalid
OPERATIONS
Activities: Engaged in the import and distribution of
building materials and timber products.
Import
Countries: India and China
Subject has a
workforce of 50 employees.
FINANCIAL DATA
Companies
registered in Qatar are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
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.
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%)