MIRA
INFORM REPORT
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Report Date : |
24.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
DOME TRADING AND CONTRACTING CO WLL |
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Registered Office : |
Salwa Road, Doha-3542 |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
25th February 1995 |
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Com. Reg. No.: |
17389, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Engaged in the import and distribution of building materials, construction materials, ceramics, marble and tiles. |
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 : DOME TRADING & CONTRACTING CO WLL
Also Known As : AL RAS TRADING CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 25th February 1995
Commercial Registration Number : 17389, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 15
Line of Business : Distributors of building materials, construction
materials, ceramics, marble and tiles.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
DOME TRADING & CONTRACTING CO WLL
ALSO KNOWN AS
AL RAS TRADING CO
WLL
ADDRESS
Registered & Physical Address
Location :
Salwa Road
PO Box :
3542
Town :
Doha
Country :
Qatar
Telephone : (974)
4685608 / 4427880
Facsimile :
(974) 4685608
Email :
dometrade@hotmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Doha.
KEY
PRINCIPALS
Name Nationality Position
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Rahmatullah
Gheblezadeh Iranian Managing Director
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Ahmed Nasser
Al Rais Qatari Director
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Mohamed
Rahmatullah Gheblezadeh Iranian General Manager
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Javid Mohamed - Sales
Manager
LEGAL
FORM & OWNERS
Date of
Establishment : 25th February 1995
Legal Form : Sharikat Thet Massouliya Mahdoudeh (With
Limited Liability - WLL)
Commercial Reg.
No. : 17389, Doha
Issued Capital : QR 200,000
Paid up Capital :
QR 200,000
Name of Shareholder (s) Percentage
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Ahmed Nasser
Al Rais 51%
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Rahmatullah
Gheblezadeh 49%
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.
LINE
OF BUSINESS
Operations : Engaged in the import and distribution of
building materials,
construction materials, ceramics, marble and tiles.
Import Countries : Iran
Agencies Held :
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Marjan Tiles Iran
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Alwan Tiles Iran
Operating Trend : Steady
Subject has a workforce
of 15 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 4,550,000 QR 4,920,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Bank Saderat
Iran
PO Box : 2256
Doha
Tel : (974) 4430346 / 4430344
Fax : (974) 4430121
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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.
Date of transaction August 2006
Credit amount 150,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000
Established in
1995, subject is involved in the import and distribution of building materials,
construction materials, ceramics, marble and tiles.
According to local sources,
subject’s financial condition is satisfactory whilst payments are made in a
timely manner. The company’s operating history is reportedly clear and the
above credit figure is considered to be within subject’s financial means.
Maximum suggested
credit figure: US$ 200,000
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/normal. |
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%)