MIRA
INFORM REPORT
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Report Date : |
13.01.2011 |
IDENTIFICATION DETAILS
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Name : |
MADAR BUILDING MATERIALS |
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Registered Office : |
Industrial Area,
Street No. 3 & 4, Gate |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
22.10.2002 |
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Com. Reg. No.: |
25322, |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Import and distribution of building materials, steel, construction steel, timber, hand tools and power tools |
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$ 750,000 |
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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
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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 : MADAR BUILDING MATERIALS
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 22nd October 2002
Commercial Registration Number : 25322,
Chamber Membership Number : 6720/1
Issued Capital : QR 1,000,000
Paid up Capital : QR 1,000,000
Total Workforce : 30
Activities : Import and distribution of building materials, steel, construction steel, timber, hand tools and power tools
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 750,000
Person Interviewed : Diyaa El Bilai, Finance Manager
COMPANY NAME
MADAR BUILDING
MATERIALS
ADDRESS
Registered & Physical Address
Location : Industrial Area, Street No. 3
& 4, Gate No. 54
PO Box : 24322
Town :
Country :
Telephone : (974) 44604333
Facsimile : (974) 44601112
Email : info.qatar@madar.com
Premises
Subject operates from
a medium sized suite of offices, a warehouse and a showroom that are rented and
located in the Industrial Area of Doha.
Branch Office
(s)
Location Description
·
Industrial
Area, Street No. 38, Gate No. 48 Rented
warehouse & showroom
KEY PRINCIPALS
Name Position
·
Jabr
Mohamed Al Romaih Managing
Director
·
Mohamed
Helimy General
Manager
·
Diyaa
El Bilai Finance
Manager
·
Ahmad
Wafa Bayram Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 22nd
October 2002
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 25322,
Chamber Member No. : 6720/1
Issued Capital : QR 1,000,000
Paid up Capital : QR 1,000,000
Name of Shareholder (s)
·
Jabr
Mohamed Al Romaih
·
Abdullatif
Al Fouzan Co
OPERATIONS
Activities: Engaged in the import and distribution of
building materials, steel, construction steel, timber, hand tools and power tools.
Import
Countries:
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 31/12/08: Year
Ending 31/12/09:
Total Sales QR 310,000,000 QR 350,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures were confirmed by Diyaa El Bilai, Finance Manager.
BANKERS
·
Commercial
Bank of Qatar Ltd (QSC)
PO Box: 3232
Tel: (974) 44428686
Fax: (974) 44428734
·
Samba
Financial Group
Diplomatic Area,
Tel: (974) 44837172
Fax: (974) 44837176
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
company is considered to be a fair trade risk and the above credit figure is
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.45.16 |
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1 |
Rs.70.64 |
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Euro |
1 |
Rs.58.68 |
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 |
-- |
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.