MIRA
INFORM REPORT
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Report Date : |
02.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARABI COMPANY QATAR WLL |
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Registered Office : |
New Building,
Salwa Street, PO Box 22096, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
2002 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Wholesale, retail and installation of pumps, irrigation
materials, fogging systems, cooling system, piping system, water heaters, water
tanks, valves, fountains, window cleaning machines, garage equipment, leak
sealing and power tools. |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ARABI COMPANY QATAR WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 2002
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 20
Activities : Wholesale, retail and installation of pumps, irrigation materials, fogging
systems, cooling system, piping system, water heaters, water tanks, valves, fountains, window cleaning machines, garage equipment, leak sealing and power tools.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
COMPANY NAME
ARABI COMPANY QATAR
WLL
ADDRESS
Registered & Physical Address
Building : New Building
Street : Salwa Street
PO Box : 22096
Town : Doha
Country : Qatar
Telephone : (974) 4696841 / 4684523 / 4684957
Facsimile : (974) 4684936
Email : furmqat@qatar.net.qa
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 Position
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Tareq M. Al
Maousherji Managing
Director
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Basil Al
Maousherji Director
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Nazar Al
Gharibeh General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2002
Legal Form :
With Limited Liability -
WLL
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
·
Tareq M. Al
Maousherji
·
Basil Al
Maousherji
OPERATIONS
Activities: Engaged in the wholesale, retail and
installation of pumps, irrigation materials, fogging systems, cooling
system, piping system, water heaters, water tanks, valves, fountains,
window cleaning machines, garage equipment, leak sealing and power tools.
Import
Countries: United States of
America, Europe and the Far East
Brand Names: FURMANITE,
STENHOI, SKYMAN, MAKITA, LUISE, ZILMET, FOUNTAIN PEOPLE, FOGCO, COWAY, NUEVA
TERRAIN, WEFA, MITSUBISHI, BRADFORDWHITE, & DAB
Subject has a
workforce of 20 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
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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.
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%)