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Report No. : |
348176 |
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Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
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Name : |
ISMAIL BIN ALI STORES |
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Registered Office : |
Souq Waqif, PO Box : 15 & 5271, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
18.06.1996 |
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Com. Reg. No.: |
18350, Doha |
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Legal Form : |
General Partnership |
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Line of Business : |
Wholesalers and retailers of textiles |
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No. of Employee : |
10 |
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
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1) Name (s): |
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Organization Official Name |
: |
ISMAIL BIN ALI STORES |
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2) Registered Address: |
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Address |
: |
Souq Waqif |
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Town |
: |
Doha |
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Country |
: |
Qatar |
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PO Box |
: |
15 & 5271 |
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Phone (s) |
: |
(974) 44423323 |
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Facsimile |
: |
(974) 44442002 |
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3)
Operational Address & Contact Details: |
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Address |
: |
Souq Waqif |
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Town |
: |
Doha |
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Country |
: |
Qatar |
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PO Box |
: |
15 & 5271 |
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Phone (s) |
: |
(974) 44423323 |
|
Facsimile |
: |
(974) 44442002 |
:
|
Legal Form - Category |
: |
General Partnership |
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Date of Registration |
: |
18th June 1996 |
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Commercial Registration Number |
: |
18350, Doha |
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Chamber Membership Number |
: |
3197 |
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Operational Status |
: |
Steady |
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Financial Condition |
: |
Fair |
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Primary Business Activity |
: |
Wholesalers and retailers of
textiles |
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Number of Employees |
: |
10 |
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Partners Capital |
: |
QR 800,000 |
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Financial highlights provided by local
sources are given below: |
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Currency: Qatari Riyals (QR) |
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Year Ending
31/12/13 |
Year Ending
31/12/14 |
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Total Sales |
QR 12,485,000 |
QR 12,750,000 |
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Local sources consider subject’s financial
condition to be Fair. |
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The above financial figures are based on estimations
by our local sources. |
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1 |
Name |
Doha Bank Ltd |
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Address |
Mushaireb |
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PO Box |
2822 Doha |
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Tel |
(974) 4437555 |
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Fax |
(974) 4436868 |
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SHAREHOLDERS |
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Sr.No |
Name of
Shareholders |
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1 |
Mohamed
Ismail Ali Al Emadi |
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2 |
Abdullah
Ismail Ali Al Emadi |
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Sr.No |
Name |
Dsignation |
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1 |
Mohamed Ismail Ali Al Emadi |
Managing Partner |
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2 |
Abdullah Ismail Ali Al Emadi |
Partner |
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3 |
Mohamed Ali Abdullah |
Sales Manager |
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Sr.No |
Country |
Activity |
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1 |
Eruope |
Import |
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2 |
Far
East |
Import |
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Subject operates from a small suite of offices
and a showroom that are rented and located in the Central Business Area of
Doha. |
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No complaints regarding subject’s payments
have been reported. |
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Performance Defaults |
: |
No
record found |
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Payment Defaults |
: |
No
record found |
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Adverse Press Coverage |
: |
No
record found |
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Litigations |
: |
No
record found |
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Former Business Relationships |
: |
No
record found |
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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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
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Report Prepared
by : |
SDA |
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 |
|
<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.