MIRA
INFORM REPORT
|
Report Date : |
15.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AL SHABIB TRADING STORE |
|
|
|
|
Registered Office : |
Abdullah
Bin Ali Street, PO Box 22390,
Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
1990 |
|
|
|
|
Com. Reg. No.: |
14857, Doha |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesale and retail of electrical and electronic goods as
well as cosmetics. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 200,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : AL SHABIB TRADING STORE
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 1990
Commercial Registration Number : 14857, Doha
Invested Capital : QR 50,000
Total Workforce : 30
Activities : Wholesale and retail of electrical and electronic goods as well as cosmetics.
Financial Condition : Fai
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
AL
SHABIB TRADING STORE
ADDRESS
Registered & Physical Address
Location : Abdullah
Bin Ali Street
PO Box : 22390
Town : Doha
Country : Qatar
Telephone : (974) 4422801
Facsimile : (974) 4437593
/ 4422801
Email : alshabib@qatar.net.qa
Premises
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Doha.
KEY PRINCIPALS
Name Position
·
Abdullah
Shabib Mannai Proprietor
& General Manager
·
Mohamed
Ali Abdulrahman Assistant
General Manager
·
Raj
Sirmat Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1990
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 14857, Doha
Invested Capital
: QR 50,000
Mr Abdullah Shabib Mannai is the sole proprietor of the
business.
OPERATIONS
Activities: Engaged in the wholesale and retail of
electrical and electronic goods as well as cosmetics.
Import
Countries: Japan, Europe and
the United States of America
Operating Trend: Steady
Subject has a
workforce of 30 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Qatari
Riyals (QR)
Year
Ending 31/12/07:
Total Sales QR
20,000,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
·
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
business is considered to be a fair trade risk.
Please note that
the PO Box 14857 provided in actual fact refers to the subject’s CR Number.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)