MIRA
INFORM REPORT
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Report Date : |
13.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL ANSARI & PARTNERS TRADING CO WLL |
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Registered Office : |
Old Airport Road,
PO Box 9138, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
14281, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Import and Distribution of Indian Foodstuffs and Ingredients |
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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Maximum Credit Limit : |
US$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AL ANSARI & PARTNERS TRADING CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1992
Commercial Registration Number : 14281, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 20
Activities : Import and distribution of Indian foodstuffs and ingredients
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
AL ANSARI &
PARTNERS TRADING CO WLL
ADDRESS
Registered & Physical Address
Location : Old Airport Road
PO Box : 9138
Town : Doha
Country : Qatar
Telephone : (974) 4651477
Facsimile : (974) 4651738
Mobile : (974) 5535038
Email : newindian@qatar.net.qa
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 Position
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Abdulrahman
Abdullah Al Ansari Managing
Director
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Mohamed Aslam Director
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Primu Pilal
Faisal Director
LEGAL FORM & OWNERS
Date of Establishment : 1992
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 14281, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
·
Abdulrahman
Abdullah Al Ansari
·
Mohamed Aslam
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Primu Pilal
Faisal
OPERATIONS
Activities: Engaged in the import and distribution of
Indian foodstuffs and ingredients, including rice, spices, edible oils and
Masala.
Import
Countries: India
Brand Names: NIRA PARA, ROYAL CHEF, & EASTERN SPICES
Operating Trend: Steady
Subject has a
workforce of 20 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Qatari
Riyals (QR)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales QR 5,710,000 QR 6,500,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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Al Ahli Bank
of Qatar
PO Box: 2309
Salwa Road
Doha
Tel: (974) 4326611
Fax: (974) 4444652
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
Date of
transaction October
2004
Credit amount 35,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
GENERAL COMMENTS
Al Ansari &
Partners Trading Co WLL has been in business since 1992 and is engaged in the
import and distribution of Indian foodstuffs and ingredients.
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 and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)