|
Report No. : |
349257 |
|
Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
KASHMIR TAILORS
& TEXTILES WLL |
|
|
|
|
Registered Office : |
Building No. 58 Al Jazirah Street Bin Mahmoud Area 6866 Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Date of Incorporation : |
06.07.1995 |
|
|
|
|
Com. Reg. No.: |
12725, Doha |
|
|
|
|
Legal Form : |
With Limited
Liability - WLL |
|
|
|
|
Line of Business : |
Subject is
engaged in the wholesale and retail of textiles and fabrics. Subject also
provides tailoring services. |
|
|
|
|
No. of Employee : |
35 |
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : KASHMIR TAILORS & TEXTILES WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 6th
July 1995
Commercial
Registration Number : 12725,
Doha
Chamber Membership
Number : 2678
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Total Workforce : 35
Activities :
Wholesalers and retailers of textiles and fabrics
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Faisal Majeed, Financial Controller
KASHMIR TAILORS
& TEXTILES WLL
Building : Building No. 58
Street : Al Jazirah Street
Area : Bin Mahmoud Area
PO Box : 6866
Town : Doha
Country : Qatar
Telephone : (974) 44425025
Facsimile : (974) 44425025
Mobile : (974) 55528969
Email : faisal.law18@yahoo.com
Please note that
the subject had no knowledge of Musharif Street.
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Doha.
Name Position
·
Soud Al
Shafi Managing
Director
·
Mohamed
Saud Al Shafi Director
·
Mansour
Saud Al Shafi Director
·
Faisal Majeed Financial
Controller
Date of Establishment : 6th
July 1995
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 12725, Doha
Chamber Member No. : 2678
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Soud Al
Shafi
·
Mohamed
Saud Al Shafi
·
Mansour
Saud Al Shafi
Activities: Engaged in the wholesale and retail of textiles
and fabrics. Subject also provides tailoring services.
Import
Countries: United Kingdom
International
Suppliers:
·
Taylor
& Stewart United
Kingdom
·
Dormeuil
Manufacturing Ltd United
Kingdom
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 31/12/13: Year Ending
31/12/14:
Total Sales QR 14,100,000 QR 14,275,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Banque
Paribas
PO Box: 2636
Doha
Tel: (974) 44433844 / 44433847
Fax: (974) 44410861
No complaints regarding
subject’s payments have been reported.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.17 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.