MIRA INFORM
REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
QATAR OXYGEN COMPANY WLL |
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Registered Office : |
41st
Street, New Industrial Area, P O Box 22386, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.06.2005 |
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Com. Reg. No.: |
31252, Doha |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Processors of industrial gases |
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 |
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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 : QATAR OXYGEN COMPANY WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 9th June 2005
Commercial Registration Number : 31252, Doha
Chamber Membership Number : 10159/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 60
Activities : Processors of industrial gases.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Dia Al Rahman Quraish, Commercial Manager
COMPANY NAME
QATAR OXYGEN COMPANY WLL
company ADDRESS
Registered & Physical Address
Street : 41st Street
Area : New Industrial Area
PO Box : 22386
Town : Doha
Country : Qatar
Telephone : (974) 44114603 / 44114604 / 44114605
/ 44607705 / 44906548
Facsimile : (974) 44114350
Mobile : (974) 55927257 /
55820447
Email : info@qocdoha.com
/ sales@qocdoha.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located in
the Industrial Area of Doha.
KEY PRINCIPALS
Name Position
·
Mohamed Ali Yousef Managing
Director
·
Ahmed Ramahi General
Manager
·
Mohamed Walid Finance
Manager
·
Dia Al Rahman Quraish Commercial
Manager
·
Mamoud Huwailth Financial
Controller
·
Nour Mohamed Public
Relations Manager
LEGAL FORM & OWNERS
Date of Establishment : 9th
June 2005
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 31252, Doha
Chamber Member No. : 10159/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
·
Mohamed Ali Yousef
·
Oxygen & Refrigeration Co
OPERATIONS
Activities: Engaged in the processing of industrial
gases.
Import
Countries: Europe and GCC
countries.
International
Suppliers:
·
RUM
Industrial Gases Co LLC Jordan
Operating Trend: Steady
Subject has a
workforce of 60 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 12,700,000 QR 13,400,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
International
Bank of Qatar
PO Box: 2001
Doha
Tel: (974) 44478000
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
According to local
sources subject is making steady progress in the local business market and
nothing detrimental has been reported regarding the manner in which payments
are fulfilled. As such the business is considered to be a fair trade risk.
The above credit
figure is higher than transactions previously seen and a measure of caution
would be prudent given the magnitude of the transaction.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.95 |
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UK Pound |
1 |
Rs.72.12 |
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Euro |
1 |
Rs.63.67 |
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 |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.