MIRA
INFORM REPORT
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Report Date : |
18.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
EAST WEST TRADING INTERNATIONAL |
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Registered Office : |
Al Hilal
Building, Office No. 2, D Ring Road, PO Box
23340 , Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
16.02.2002 |
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Com. Reg. No.: |
24795, Doha |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of Valves and Actuators, as well
as Related Accessories |
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 : EAST WEST TRADING INTERNATIONAL
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 16th February 2002
Commercial Registration Number : 24795, Doha
Chamber Membership Number : 8828
Invested Capital : QR 40,000
Total Workforce : 10
Activities : Import and distribution of valves & actuators, as well as related accessories
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
EAST WEST TRADING
INTERNATIONAL
ADDRESS
Registered & Physical Address
Building : Al Hilal Building, Office No. 2
Street : D Ring Road
PO Box : 23340
Town : Doha
Country : Qatar
Telephone : (974) 4654878
Facsimile : (974) 4657795
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Doha.
KEY PRINCIPALS
Name Position
·
Ms
Naglaa Rashid Al Nuaimi Proprietor
·
Nasser
Rashid Al Nuaimi General
Manager
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Ehab
Hamd Commercial
Manager
·
Samir
Mohamed Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 16th
February 2002
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 24795, Doha
Chamber Member No. : 8828
Invested Capital
: QR 40,000
Ms
Naglaa Rashid Al Nuaimi is the
sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
valves and actuators, as well as related accessories.
Import Countries: India and China
Operating Trend: Steady
Subject has a
workforce of 10 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 6,385,000 QR 7,700,000
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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Doha Bank Ltd
Al Jasrah Street
PO Box : 3818
Doha
Tel : (974) 4435444
Fax : (974) 4416631 / 4410625
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
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
business 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.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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%)