MIRA
INFORM REPORT
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Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAJI LILANI
[PROPRIETOR OF ALL TOGETHER EST] |
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Registered Office : |
23 Souq Hamad Bin
Abdullah Street, National Area, P O Box 23799, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
6th September 2007 |
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Com. Reg. No.: |
36848, Doha |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the wholesale
and retail of leather products, handbags, textiles and jewellery. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New & Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ALL TOGETHER EST
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 6th September 2007
Commercial Registration Number : 36848, Doha
Invested Capital : QR 50,000
Total Workforce : 6
Line of Business : Wholesalers and retailers of leather products, handbags, textiles and
jewellery.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
ALL TOGETHER EST
ADDRESS
Registered & Physical Address
Street : 23 Souq Hamad Bin Abdullah
Street
Area : National Area
PO Box : 23799
Town : Doha
Country : Qatar
Telephone : (974) 4323457 / 5168888 / 5691556
Facsimile : (974) 4323457
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Doha.
KEY PRINCIPALS
Name Nationality Position
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Rajiv Lilani Indian Proprietor & General Manager
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Abdullah Al
Mohandi Qatari Local Sponsor
LEGAL FORM & OWNERS
Date of Establishment : 6th
September 2007
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 36848, Doha
Invested Capital
: QR 50,000
Mr Rajiv Lilani is
the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations : Engaged in the wholesale and retail of
leather products, handbags, textiles and jewellery.
Import Countries
: Europe and the Far East.
Subject has a
workforce of 6 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Arab Bank Ltd
Al Sadd Street
PO Box : 3058
Doha
Tel : (974) 4426555 / 4426560
Fax : (974) 4447218
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
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.
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%)