MIRA
INFORM REPORT
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Report Date : |
15.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL ANSARI TRADING EST |
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Registered Office : |
Gate No. 118, Street No. 35, Industrial Area, PO Box 12262 &
12762, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
1954 |
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Com. Reg. No.: |
107, Doha |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers of general foodstuff 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$ 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AL ANSARI TRADING EST
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Start Date : 1954
Registration Date : 1999
Commercial Registration Number : 107, Doha
Invested Capital : QR 150,000
Total Workforce : 20
Line of Business : Operations are performed through subject’s divisions (see below for
details).
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
AL ANSARI TRADING EST
ADDRESS
Registered & Physical Address
Location : Gate No. 118
Street : Street No.
35
Area : Industrial
Area
PO Box : 12262 &
12762
Town : Doha
Country : Qatar
Telephone : (974) 4604848 /
4503092
Facsimile : (974) 4503091
Email : alansaritrading@qatar.net.qa
Mobile : (974)
5420512
Premises
Subject operates from a small suite of offices, a showroom and a
warehouse that are owned and located in the Industrial Area of Doha.
KEY PRINCIPALS
· Abdullah Ali Akbar
Mohamed Al Ansar Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1954, however subject re-registered in
1999.
Legal Form : Mouassasa Khassa
(Sole Proprietorship)
Commercial Reg.
No. : 107, Doha
Invested Capital : QR 150,000
Mr Abdullah Ali Akbar Mohamed Al Ansar 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 : Subject’s activities are performed through the
following divisions:
· General Trading Division
Wholesalers
and retailers of general foodstuff products.
· Carpet Division
Wholesalers
of carpets and other flooring materials.
· Building Materials Division
Distributors
of building materials and construction equipment.
· Real Estate Division
Investment and property development.
Import Countries : Europe and the Far East.
Operating Trend : Steady
Subject has a workforce of 20 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
27,600,000 QR
28,500,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
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Qatar International Islamic Bank
PO Box : 664
Doha
Tel : (974) 4435535 / 4435548
Fax : (974) 4444101
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 150,000:
Established in 1954, subject is owned and managed by Mr Abdullah Ali
Akbar Mohamed Al Ansar who is well respected in the local business community.
Local sources report that payment obligations are met in a generally
timely manner and the operating history is clear. As such the business is
deemed a fair trade risk and the above credit figure is considered to be within
subject’s financial means.
Maximum suggested credit figure: US$ 250,000
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%)