MIRA
INFORM REPORT
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Report Date : |
18.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
QATAR DISTRIBUTION COMPANY |
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Registered Office : |
Abu Hamoor Area, P O Box – 9483, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
01.04.2000 |
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Com. Reg. No.: |
16070/004 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Import and Distribution of Alcoholic
Beverage for Airlines and License Holders |
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$ 400,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name :
QATAR DISTRIBUTION COMPANY
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 1st April
2000
Commercial Registration Number :
16070/004
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
80
Activities :
Import and distribution of alcoholic beverage for
airlines and license holders
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit Limit :
US$ 400,000
COMPANY NAME
QATAR DISTRIBUTION COMPANY
ADDRESS
Registered & Physical Address
Location : Abu Hamoor Area
PO Box : 9483
Town : Doha
Country : Qatar
Telephone : (974) 4699412 /
4699413 / 4687547
Facsimile : (974) 4687904
Email : cboother@qdc.com.qa
Premises
Subject operates from a medium sized suite of offices and a warehouse
that are rented and located in the Industrial Area of Doha.
KEY PRINCIPALS
Name Position
Akbar Al Baker Chief
Executive Officer
Colin Boother General
Manager
Keith Galvin Purchasing
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1st
April 2000
Legal Form : With Limited
Liability - WLL
Commercial Reg. No. : 16070/004
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s) Percentage
Qatar Airways 100%
OPERATIONS
Activities: Engaged in the import and distribution of
alcoholic beverage for airlines and license holders.
Import Countries: Europe and the United States of America
Subject has a workforce of 80 employees.
FINANCIAL DATA
Companies registered in Qatar are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
BANKERS
Commercial Bank of Qatar Ltd (QSC)
PO Box : 3232
Doha
Tel : (974) 4490222
Fax : (974) 4438182
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 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.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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%)