MIRA INFORM REPORT

 

 

Report Date :           

03.04.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

DOME TRADING & CONTRACTING CO WLL

 

 

Registered Office :

Salwa Road, P O Box 3542, Doha

 

 

Country :

Qatar

 

 

Date of Incorporation :

25.02.1995

 

 

Com. Reg. No.:

17389, Doha

 

 

Legal Form :

With Limited Liability

 

 

Line of Business :

Distributors of building materials, construction materials, ceramics, marble and tiles

 

 

No. of Employees :

02

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Registration number expired

Payment Behaviour :

Unknown

Litigation :

---

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Qatar

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : DOME TRADING & CONTRACTING CO WLL

Also Known As                                      : AL RAS TRADING CO WLL

Country of Origin                                    : Qatar

Legal Form                                            : With Limited Liability - WLL

Registration Date                                   : 25th February 1995

Commercial Registration Number            : 17389, Doha

Chamber Membership Number                : 2488

Issued Capital                                        : QR 200,000

Paid up Capital                                      : QR 200,000

Total Workforce                                     : 2

Activities                                               : Distributors of building materials, construction materials, ceramics,

                                                            marble and tiles.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

 

COMPANY NAME

 

DOME TRADING & CONTRACTING CO WLL

 

 

ALSO KNOWN AS

 

AL RAS TRADING CO WLL

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Salwa Road

PO Box             : 3542

Town                 : Doha

Country             : Qatar

Telephone         : (974) 44685608 / 44427880 / 44685794

Facsimile          : (974) 44685608

Mobile               : (974) 55856733

Email                : dometrade@hotmail.com

 

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Doha.

 

 

KEY PRINCIPALS

 

     Name                                                          Nationality                   Position

 

·       Ahmed Nasser Al Rais                                  Qatari                           Managing Director

·       Mohamed Lateef Abbass                               Pakistani                       Director

    

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 25th February 1995

 

Legal Form                  : With Limited Liability - WLL

 

Commercial Reg. No.  : 17389 (Expired 12/12/2011)

 

Membership No.          : 2488

 

Issued Capital              : QR 200,000

 

Paid up Capital            : QR 200,000

 

Name of Shareholder (s)

·       Ahmed Nasser Al Rais

·       Mohamed Lateef Abbass

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of building materials, construction materials, ceramics, marble and  tiles.

 

Subject has a workforce of 2 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

 

·       Bank Saderat Iran

PO Box: 2256

Doha

Tel: (974) 44430346 / 44430344

Fax: (974) 44430121

 

·       Commercial Bank of Qatar Ltd (QSC)

PO Box: 3232

Doha

Tel: (974) 44490222

Fax: (974) 44438182

 

 

PAYMENT HISTORY

 

Unknown

 

 

GENERAL COMMENTS

 

Please note that subject’s commercial registration number expired on 12th December 2011 and has not been renewed.

 

We were unable to contact the subject directly during our investigation.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.16

UK Pound

1

Rs.81.79

Euro

1

Rs.68.34

 

 

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

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

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.