MIRA INFORM
REPORT
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Report Date : |
19.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AL RAHMA TRADING CO WLL |
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Registered Office : |
Street No. 36,
Doha Industrial Area, Gate No. 57, P O Box 870, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
21.01.1996 |
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Com. Reg. No.: |
18076, Doha |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Wholesalers and retailers of general foodstuff products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Qatar |
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 |
SUMMARY
Company Name : AL RAHMA TRADING CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 21st January 1996
Commercial Registration Number : 18076, Doha
Chamber Membership Number : 3049/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 120
Activities : Wholesalers and retailers of general foodstuff products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit
Limit : US$ 150,000
COMPANY
NAME
AL RAHMA TRADING CO
WLL
company
ADDRESS
Registered & Physical
Address
Street : Street No. 36
Area : Doha Industrial Area, Gate
No. 57
PO Box : 870
Town : Doha
Country : Qatar
Telephone : (974) 44501366 / 44500163 / 44415872
Facsimile : (974) 44501809
Mobile : (974) 55507545
Email : info@alrahmatrading.com / alrahma870@yahoo.com
Premises
Subject operates
from a medium sized suite of offices, a showroom and a warehouse that are
rented and located in the Industrial Area of Doha.
KEY
PRINCIPALS
Name Position
·
Jaber Salman
Jaber Al Muhandi Managing
Director
·
Salman
Jaber Salman Jaber Al Muhandi Director
·
Abdul
Raouf Hafiz Abdul Gaffat General
Manager
·
Mohamed
Amir Khan Finance
Manager
·
Atul
Kumar Gazzar Commercial
Manager
·
Farooq
Al Shazaly Public Relations Manager
LEGAL
FORM & OWNERS
Date of Establishment : 21st
January 1996
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 18076, Doha
Membership No. :
3049/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
·
Jaber
Salman Jaber Al Muhandi
·
Salman
Jaber Salman Jaber Al Muhandi
AFFILIATED
COMPANIES
·
Al
Rahma Contracting & Decoration
Doha
·
Al
Rahma Grain & Feed
Doha
·
Camel
Feed Centre
Doha
OPERATIONS
Activities: Engaged in the wholesale and retail of
general foodstuff products, specialising in grains,
rice, spices,
lentils, pulses, sugar, animal feed and charcoal.
Import
Countries: Europe and the
Far East.
Brand Names: AJEEB GOLD, AJEEB XI, AL AZAYIM, AL AILA,
RAHMA, ZAKI, RANI, RAJA and AL TAYABAT
Subject has a
workforce of 120 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
·
Doha
Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.27 |
|
|
1 |
Rs.7208 |
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Euro |
1 |
Rs.63.66 |
RATING EXPLANATIONS
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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 |
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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.