MIRA INFORM
REPORT
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Report Date : |
06.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DALLAH INTERNATIONAL CATERING & TRADING
WLL |
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Registered Office : |
Building No. 68, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
02.05.2005 |
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Com. Reg. No.: |
29496, |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Providers of catering services |
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$ 400,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 : DALLAH INTERNATIONAL CATERING & TRADING WLL
Also Known As : DALLAH INTERNATIONAL WLL
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 2nd May 2005
Commercial Registration Number : 29496,
Chamber Membership Number : 1/9278
Authorised Capital : QR 500,000
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 65
Activities : Providers of catering services.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 400,000
Person Interviewed : Mohamed Sayed, Administration Executive
COMPANY NAME
DALLAH
INTERNATIONAL CATERING & TRADING WLL
ALSO KNOWN AS
DALLAH INTERNATIONAL WLL
company ADDRESS
Registered & Physical Address
Building : Building No. 68
Street :
PO Box : 24642
Town :
Country :
Telephone : (974) 44445424 / 44445454
Facsimile : (974) 44422492 / 44445494
Email : balilsafadi@qatarnet.qa / info.dallah@dallahgroup.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Doha.
KEY PRINCIPALS
Name Nationality Position
·
Rashid
Mohamed Mubarak Al Mansouri Qatari Managing
Director
·
Mubarak
Abdullah Mohamed Al Mansour Al Nuaimi Qatari Director
·
Fahmy
Nimer Mohamed Ghazzal Palestinian Director
·
Khalid
Al Homasani - General
Manager
·
Mohamed
Ashoor - Commercial
Manager
·
Mohamed
Sayed - Administration
Executive
LEGAL FORM & OWNERS
Date of Establishment : 2nd
May 2005
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 29496,
Chamber Member No. : 1/9278
Authorised Capital : QR
500,000
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
·
Rashid
Mohamed Mubarak Al Mansouri
·
Mubarak
Abdullah Mohamed Al Mansour Al Nuaimi
·
Fahmy
Nimer Mohamed Ghazzal
OPERATIONS
Activities: Engaged in the provision of catering services as well as
suppliers of hotel equipment, packaging materials and related accessories.
Import Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 65 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 36,400,000 QR 40,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Mohamed Sayed, Administration Executive
BANKERS
·
Doha
Bank Ltd
PO Box: 3818
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in
2005, subject is involved in the provision of catering services as well as
suppliers of hotel equipment, packaging materials and related accessories.
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 deemed to be within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.20 |
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|
1 |
Rs.70.27 |
|
Euro |
1 |
Rs.59.99 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.