MIRA INFORM REPORT
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Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AL HABARI TRADING CENTER WLL |
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Registered Office : |
Al Habari Trading Center Building, Dhekra Road, Al Khor
Area, P.O.Box 60861, Al Khor |
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Country : |
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Date of Incorporation : |
23.07.2007 |
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Com. Reg. No.: |
36504 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Owners and operators of a supermarket selling foodstuffs, garments, cosmetic, hygienic products and other items |
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 : |
QR 20,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Company NAME
Al Habari Trading Center WLL (Correct)
AL
HABARI TRADING CENTER W.L.L (Requested)
Company ADDRESS
Building
: Al
Habari Trading
Street :
Area : Al
Khor Area
P.O.Box : 60861
Town : Al
Khor
Country :
Telephone:
(974) 4472 0562
Fax : (974)
4472 5015
Also
known as : Al Habari Trading Center W.L.L
SENIOR COMPANY PERSONNEL
Name Position
1.
Kunha M. Med Managing Director
2.
Raji Lal Chief Accountant
Total
Employees : 20 plus
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
We
consider it is acceptable to deal with subject for SMALL amounts,
however
in view of the lack of financial information we recommend international
suppliers exercise a degree of caution.
Opinion
on maximum credit : QR 20,000 (higher amounts may be considered with full
fiscal disclosure)
Trade
risk assessment:
Opinion
on the credit figure of US DLRS 150,000 :
We
consider the above figure to be beyond the Company's financial capabilities and
recommend dealing on fully secured terms.
PRINCIPAL BANKERS
NAME : DOHA BANK LTD
Branch : Main branch
PO
Box : 3818
Town :
Telephone:
(974) 4443 5444
Fax : (974) 4441 6631
The
company also has an account with :
Qatar
National Bank (QNB)
Main
Branch
Telephone:
(974) 4440 7777
Fax : (974) 4443 1036
FINANCIAL INFORMATION
Private
companies in
LEGAL STATUS AND HISTORY
Date
Started : 23
July 2007
History : Subject
was established in
C.R.
No. : 36504
(expiry date : 1 May 2011)
Chamber
of Commerce Membership No. : 14267/1
Capital
: not given
Limited
Liability Company with the following shareholders :
Shareholders Percentage
1.
Kunha M. Med
49.00%
(Indian national)
2.
Saleh Khalaf Al Mannai *
51.00%
(Qatari national, local sponsor)
*
The local sponsor, according to Qatari laws must hold a minimum of 51% of the
capital, however, in practice and unofficially the sponsor gets a fixed annual
percentage of the profit and a sponsorship fee without any investment in the
company.
ACTIVITIES
The
Company is involved in the following activities :
Owners
and operators of a supermarket selling foodstuffs, garments,
cosmetic,
hygienic products and other items.
Importers
and distributors of foodstuff and FMCG products.
Subject
provides rent a car and transportation services.
Project
developers.
Imports
from Europe and
The
company does not export, all sales are domestic.
FACILITIES
The
Company has the following facilities :
Rented
office premises located at the heading address as well as a supermarket and two
branch offices located elsewhere in
SPECIAL NOTE
You
enquired on: AL HABARI TRADING CENTER W.L.L. Please note that subject's correct
registered name is as per heading.
Interviewed:
Raji Lal (Chief Accountant).
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.65 |
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1 |
Rs.71.93 |
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Euro |
1 |
Rs.63.24 |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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.