MIRA INFORM
REPORT
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Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
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Name : |
GREEN CARPENTRY WLL |
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Registered Office : |
Building No. 50, Street
No. 10, Industrial Area, P O Box 7981, Doha |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
17.02.2005 |
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Com. Reg. No.: |
29856, |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Distributors of timber and manufacturers of wooden
products |
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 : |
Regular |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : GREEN CARPENTRY WLL
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 17th February 2005
Commercial Registration Number : 29856,
Chamber Membership Number : 9492/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 42
Activities : Distributors of timber and manufacturers of wooden products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
Person Interviewed : Mazen Rajab Mohamed Efehid, Director
COMPANY
NAME
GREEN CARPENTRY WLL
company
ADDRESS
Registered & Physical
Address
Building : Building No. 50
Street : Street No. 10
Area : Industrial Area
PO Box : 7981
Town :
Country : Qatar
Telephone : (974) 44600243
Facsimile : (974) 44600243 / 44600067
Email : m_daloul2002@hotmail.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Doha.
KEY
PRINCIPALS
Name Nationality Position
·
Ibrahim
Rajab Mohamed Palestinian Managing Director
·
Rajab
Mohamed Efehid Palestinian Director
·
Mazen
Rajab Mohamed Efehid Palestinian Director
·
Mohamed
Zakaria Mohamed Qatari Director
LEGAL
FORM & OWNERS
Date of Establishment : 17th
February 2005
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 29856,
Chamber Member No. : 9492/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
·
Ibrahim
Rajab Mohamed
·
Rajab
Mohamed Efehid
·
Mazen
Rajab Mohamed Efehid
·
Mohamed
Zakaria Mohamed
OPERATIONS
Activities: Engaged in the import and distribution of
timber and the manufacture of wooden doors, windows, shelves, cupboards and kitchen cabinets.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 42 employees.
FINANCIAL
DATA
Financial highlights
provided by local sources are given below:
Currency: Qatari
Riyals (QR)
Year
Ending 31/12/09: Year Ending
31/12/10:
Total Sales QR 12,900,000 QR 13,750,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Al
Grand
PO Box: 559
Tel: (974) 44409409
Fax: (974) 44412700
PAYMENT
HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL
COMMENTS
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk and
the above credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.22 |
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1 |
Rs.72.26 |
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Euro |
1 |
Rs.63.90 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.