MIRA INFORM REPORT

 

 

Report Date :

12.06.2012

 

IDENTIFICATION DETAILS

 

Name :

CRESCENT BOOK SHOP LLC

 

 

Registered Office :

Garrafa Market Complex, Shop No. 228, P O Box 30679, Doha

 

 

Country :

Qatar

 

 

Date of Incorporation :

May 2007

 

 

Com. Reg. No.:

24895/30

 

 

Legal Form :

With Limited Liability

 

 

Line of Business :

Traders of books and dictionaries

 

 

No. of Employees :

12

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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                                     : CRESCENT BOOK SHOP LLC

Country of Origin                                    : Qatar

Legal Form                                            : With Limited Liability - WLL

Registration Date                                   : May 2007

Commercial Registration Number            : 24895/30

Chamber Membership Number                : 58923

Issued Capital                                        : QR 200,000

Paid up Capital                                      : QR 200,000

Total Workforce                                     : 12

Activities                                               : Traders of books and dictionaries.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Person Interviewed                                 : Mohamed Yonas, Financial Controller

 

 

 

COMPANY NAME

 

CRESCENT BOOK SHOP LLC

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Garrafa Market Complex, Shop No. 228

PO Box             : 30679

Town                 : Doha

Country             : Qatar

Telephone         : (974) 44876403

Facsimile          : (974) 44876073

Mobile               : (974) 55108370

Email                : crescentbook@yahoo.com

 

Premises

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

 

 

KEY PRINCIPALS

 

     Name                                                                                  Nationality                   Position

 

·       Mubarak Ghanim Rashid Jaffal Al Nuaimi                               Qatari                           Managing Director

 

·       Khaled Mubarak Ghanim Rashid Jaffal Al Nuaimi                     Qatari                           Director

 

·       Ghanim Mubarak Ghanim Rashid Jaffal Al Nuaimi                    Qatari                           Director

 

·       Mohamed Mubarak Ghanim Rashid Jaffal Al Nuaimi                 Qatari                           Director

 

·       Mohamed Khayas                                                                     -                               Commercial Manager

 

·       Mohamed Yonas                                                                       -                               Financial Controller

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : May 2007

 

Legal Form                  : With Limited Liability - WLL

 

Commercial Reg. No.  : 24895/30

 

Licence No.                 : 58923

 

Issued Capital              : QR 200,000

 

Paid up Capital            : QR 200,000

 

Name of Shareholder (s)

·       Mubarak Ghanim Rashid Jaffal Al Nuaimi

·       Khaled Mubarak Ghanim Rashid Jaffal Al Nuaimi

·       Ghanim Mubarak Ghanim Rashid Jaffal Al Nuaimi

·       Mohamed Mubarak Ghanim Rashid Jaffal Al Nuaimi

 

 

OPERATIONS

 

Activities: Engaged as traders of books and dictionaries.

 

Import Countries: United Kingdom, India and China

 

International Suppliers:

 

·       Variety Publication                India

·       Sterling Publication               India

·       Willco Publication                 India

·       Holland Publisher                  United Kingdom

·       Awad Publication                  United Kingdom

·       WF Graham Publisher           United Kingdom

·       Oxford Dictionary                  United Kingdom

 

Subject has a workforce of 12 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

Al Jasrah Street

PO Box: 3818

Doha

Tel: (974) 44435444

Fax: (974) 44416631 / 44410625

     Acc No. 222 29 7641100

 

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.24

UK Pound

1

Rs.85.93

Euro

1

Rs.69.82

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.