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Report Date : |
28.10.2013 |
IDENTIFICATION DETAILS
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Name : |
TYMA TRADING & CONTRACTING CO WLL |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
16.01.2000 |
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Com. Reg. No.: |
2223, |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Distributors of tiles, marble, granite, stone, roofing tiles and
related fixings. |
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No. of Employees : |
35 |
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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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 |
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Source
: CIA |
Company Name :
TYMA TRADING & CONTRACTING CO WLL
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date :
16th January 2000
Commercial Registration Number :
2223, Doha
Chamber Membership Number :
4963
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
35
Activities :
Distributors of tiles, marble, granite, stone, roofing tiles and related
fixings.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Mohamed Sarwar, Commercial Manager
TYMA TRADING & CONTRACTING CO WLL
Registered &
Physical Address
Location : Salwa Road
PO Box : 5873
Town : Doha
Country : Qatar
Telephone : (974) 44684289
/ 44600650
Facsimile : (974) 44510898
Mobile : (974) 5557130
/ 5863533
Email : pr@tyma.com.qa / mo.ayache@gmail.com / mo@tyma.com.qa
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.
Name Nationality Position
Moeen Marouf Al Ayache Lebanese Managing
Director
Wafa Mohamed Saleh - General
Manager
Mohamed Sarwar - Commercial
Manager
Amod Karn - Financial
Controller
Date of Establishment : 16th
January 2000
Legal Form : With Limited
Liability - WLL
Commercial Reg. No. : 2223, Doha
Chamber Member No. : 4963
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
Al Thulasi Trading & Contracting Co
Qatar
Moeen Marouf Al Ayache
Al Ahsa Trading & Contracting Co
Doha
Tel: (974) 44684289
Activities: Engaged in the import and distribution
of tiles, marble, granite, stone, roofing tiles and related fixings.
Import Countries: Europe
and GCC countries
International Suppliers:
Saudi Roof Tiling Co Saudi
Arabia
La Escandela Spain
Gulf Tile United
Arab Emirates
Yamamah Roof Tiles Saudi
Arabia
San Marco Italy
Operating Trend: Steady
Subject has a workforce of 35 employees.
Financial highlights provided by local sources are given below:
Currency: Qatari Riyals (QR)
Year Ending 31/12/11: Year Ending 31/12/12:
Total Sales QR
10,900,000 QR
11,340,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Doha Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
No complaints regarding subject’s payments have been reported.
Date of transaction May
2007
Credit amount 150,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.63 |
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|
1 |
Rs.99.94 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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.