MIRA INFORM REPORT

 

 

Report Date :           

05.07.2011

 

IDENTIFICATION DETAILS

 

Name :

AL SANABEL AL QATARIA WLL

 

 

Registered Office :

Al Rehaib Complex, 1st Floor, Office No. 4, C Ring Road, P O Box 22344, Doha

 

 

Country :

Qatar

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

16.10.2006

 

 

Com. Reg. No.:

33999, Doha

 

 

Legal Form :

With Limited Liability

 

 

Line of Business :

Distributors of fresh meat, livestock, hay, grass and animal feed products

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 150,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Qatar

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

SUMMARY

 

Company Name                                     : AL SANABEL AL QATARIA WLL

Also Known As                                      : AL SANABEL AL KATARIA WLL

Country of Origin                                    : Qatar

Legal Form                                            : With Limited Liability - WLL

Registration Date                                   : 16th October 2006

Commercial Registration Number            : 33999, Doha

Chamber Membership Number                : 12228/3

Issued Capital                                        : QR 200,000

Paid up Capital                                      : QR 200,000

Total Workforce                                     : 25

Activities                                               : Distributors of fresh meat, livestock, hay, grass and animal feed

products.

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 150,000

 

COMPANY NAME

 

AL SANABEL AL QATARIA WLL

 

 

ALSO KNOWN AS

 

AL SANABEL AL KATARIA WLL

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Al Rehaib Complex, 1st Floor, Office No. 4

Street               : C Ring Road

PO Box             : 22344

Town                 : Doha

Country             : Qatar

Telephone         : (974) 44355080

Facsimile          : (974) 44355090

Email                : alsanabel@alsanabelgroup.com

 

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

 

·       Abdullah Ali Ghanim Al Mohanadi                                                       Managing Director

 

·       Mohamed Hamd Al Hajiri                                                                   Director

 

·       Mohamed Najib Mabrouk                                                                   General Manager

    

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 16th October 2006

 

Legal Form                  : With Limited Liability - WLL

 

Commercial Reg. No.  : 33999, Doha

 

Chamber Member No. : 12228/3

 

Issued Capital              : QR 200,000

 

Paid up Capital            : QR 200,000

 

Name of Shareholder (s)

 

·       Abdullah Ali Ghanim Al Mohanadi

 

·       Mohamed Hamd Al Hajiri

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of fresh meat, livestock, hay, grass and animal feed products.

 

Import Countries: Europe and the Far East.

 

Operating Trend: Steady

 

Subject has a workforce of 25 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Qatari Riyals (QR)

 

                                                Year Ending 31/12/09:                Year Ending 31/12/10:

 

Total Sales                                QR 9,140,000                            QR 9,600,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       Qatar International Islamic Bank

PO Box: 664

Doha

Tel: (974) 44435535 / 44435548

Fax: (974) 44444101

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the company is deemed a fair trade risk and the above credit figure is considered to be within subject’s financial means.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.46

UK Pound

1

Rs.71.53

Euro

1

Rs.64.63

 

 

RATING EXPLANATIONS

 

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

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.