MIRA INFORM
REPORT
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Report Date : |
05.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
KINGFISHER FOOD WLL |
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Registered Office : |
Post Box 37936 Al Rayan Doha |
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Country : |
Qatar |
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Date of Incorporation : |
January 2008 |
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Commercial Licence No.: |
38124 (Valid upto February 2009) |
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Import Licence No..: |
3455 (Valid upto February
2009) |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors and Importer of Food Items |
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 Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
INFORMATION PARTED
BY
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Name : |
Mr. Mohandas |
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Designation : |
Managing Director |
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Date : |
05.06.2008 |
LOCATIONS
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Registered Office : |
Post Box 37936 Al Rayan Doha, Qatar |
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Tel. No.: |
+974-4820968 |
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Fax No.: |
+974-4816625 |
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E-Mail : |
DIRECTORS
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Name : |
Shaikh Sultan Hamed Al Jassim Al Thain |
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Designation : |
Chairman |
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Name : |
Mr. K.P. Mohandas |
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Designation : |
Managing Director |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Shaikh Sultan Hamed Al Jassim Al Thain |
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50% |
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Mr. K.P. Mohandas |
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50% |
BUSINESS DETAILS
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Line of Business : |
Distributors and Importer of Food Items |
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Imports : |
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Products : |
Frozen Meat, Sea Food Items and Frozen Shrimps |
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Countries : |
Australia, Dubai and India |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
8 |
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Bankers : |
Qatar Islamic Bank Al Rayan Br., P O Box 559, Doha, Qatar |
CAPITAL STRUCTURE
Registered Capital: QR 200000
FINANCIAL DATA
[all figures are in Qatari Reals]
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Particulars |
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01.06.2008 – 31.05.2009 |
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Sales Turnover (estimated) |
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10 millions |
LOCAL AGENCY
FURTHER INFORMATION
Trade References:
Jagdish Marine
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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