MIRA
INFORM REPORT
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Report Date : |
05.03.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Street No. 52, Gate No. 45, Industrial Area, |
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Country : |
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Date of Incorporation : |
24.07.2006 |
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Com. Reg. No.: |
33456, |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Fabricators and Installers of Aluminium |
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$ 250,000 |
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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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Qatar |
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 :
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date :
24th July 2006
Commercial Registration Number : 33456, Doha
Chamber Membership Number :
12223/1
Issued Capital :
QR 1,000,000
Paid up Capital :
QR 1,000,000
Total Workforce :
400
Activities :
Fabricators and installers of aluminium.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit Limit :
US$ 250,000
COMPANY NAME
QATAR TECHNICAL ALUMINIUM WLL
ADDRESS
Registered
& Physical Address
Location :
Street No. 52, Gate No. 45
Area :
Industrial Area
PO Box :
24442
Town :
Doha
Country :
Qatar
Telephone :
(974) 44604488
Facsimile :
(974) 44604499
Email : techngla@qatar.net.qa
Premises
Subject operates from a large suite of offices and a factory
that are rented and located in the Industrial Area of Doha.
KEY PRINCIPALS
Name Nationality Position
Taleb Al Murri Qatari Managing Director
Hisham Hassan Shafiq Lebanese Director
Nedal Hassan Lebanese Director
Nadim Zubayani - Export
Manager
Othman Mohamed - Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 24th
July 2006
Legal Form : With
Limited Liability - WLL
Commercial Reg. No. :
33456, Doha
Chamber Member No. :
12223/1
Issued Capital : QR
1,000,000
Paid up Capital : QR
1,000,000
Name
of Shareholder (s)
Taleb Al Murri
Hisham Hassan Shafiq
Nedal Hassan
AFFILIATED COMPANIES
Technical Glass & Aluminium
Sharjah
United Arab Emirates
OPERATIONS
Activities:
Engaged in the fabrication and installation of aluminium.
Subject is ISO 9001 accredited.
Import Countries: Europe and the Far East.
Subject has a workforce of approximately 400 employees.
FINANCIAL DATA
Companies registered in Qatar are not legally required to
make their accounts public and no financial information was released by the
company or submitted by outside sources.
BANKERS
Doha Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
Mashreq Bank
PO Box: 173
Doha
Tel: (974) 44413213 / 44414932
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.99 |
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1 |
Rs.73.23 |
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Euro |
1 |
Rs.62.80 |
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.