MIRA
INFORM REPORT
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Report Date : |
05.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
CRESCENT BOOK SHOP LLC |
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Registered Office : |
Garrafa Market
Complex, Shop No. 228 PO Box 30679,
Doha |
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Country : |
Qatar |
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Date of Incorporation : |
May 2007 |
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Com. Reg. No.: |
24895/30 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Traders of Books and
Dictionaries. |
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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Maximum Credit Limit : |
US$ 40,000 |
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Status : |
New & Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : CRESCENT BOOK SHOP LLC
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : May 2007
Commercial Registration Number : 24895/30
Chamber Membership Number : 58923
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 5
Activities : Traders of books and dictionaries.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 40,000
COMPANY NAME
CRESCENT BOOK SHOP
LLC
ADDRESS
Registered & Physical Address
Location : Garrafa Market Complex, Shop No.
228
PO Box : 30679
Town : Doha
Country : Qatar
Telephone : (974) 5108370
Facsimile : (974) 4876073
Email : crescentbook@yahoo.com
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
·
Mubarak
Ghanim Jaffal Al Nuaimi Qatari Managing
Director
·
Mohamed
Khayas - Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : May 2007
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 24895/30
Licence No. : 58923
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
·
Mubarak
Ghanim Jaffal Al Nuaimi
OPERATIONS
Activities: Engaged as traders of books and dictionaries.
Import
Countries: Europe and China
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Doha Bank Ltd
Al Jasrah Street
PO Box : 3818
Doha
Tel : (974) 4435444
Fax : (974) 4416631 / 4410625
Acc No. 222 29 7641100
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENT
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%)