MIRA INFORM
REPORT
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Report Date : |
03.06.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
QATAR PHARMA WLL |
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Registered Office : |
Street No. 41, New
Industrial Area, P O Box 41119, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
30.03.2006 |
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Com. Reg. No.: |
29226/3 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Manufacturers of solutions for medical use |
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 |
Bottom of Form
SUMMARY
Company Name : QATAR PHARMA WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 30th March 2006
Commercial Registration Number : 29226/3
Chamber Membership Number : 9114/1
Issued Capital : QR 1,000,000
Paid up Capital : QR 1,000,000
Total Workforce : 150
Activities : Manufacturers of solutions for medical use.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Mohamed Antr, Finance Manager
COMPANY NAME
QATAR PHARMA WLL
company ADDRESS
Registered & Physical Address
Street : Street No. 41
Area : New Industrial Area
PO Box : 41119
Town : Doha
Country : Qatar
Telephone : (974) 44114242 / 44242113
Facsimile : (974) 44114448
Mobile : (974) 55509400
Email : qatarpharma@qatar.net.qa
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the Industrial
Area of Doha.
KEY PRINCIPALS
Name Position
·
Dr
Ahmed Bin Mohamed Al Haie Al Sulaiti Managing
Director
·
Dr
Yahya El Sharqaqi General
Manager
·
Mohamed
Antr Finance
Manager
·
Satish
Kumar Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 30th
March 2006
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 29226/3
Chamber Member No. : 9114/1
Issued Capital : QR 1,000,000
Paid up Capital : QR 1,000,000
Name of
Shareholder (s)
·
Al
Sulaiti Holding Co
Doha
·
Dr
Ahmed Bin Mohamed Al Haie Al Sulaiti
OPERATIONS
Activities: Engaged in the manufacture of solutions for
medical use.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 150 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 16,000,000 QR 18,500,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
HSBC
Bank Middle East
Abdulla Bin Jassim Street
PO Box: 57
Doha
Tel: (974) 44423124
Fax: (974) 44416353
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.94 |
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UK Pound |
1 |
Rs.73.46 |
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Euro |
1 |
Rs.64.58 |
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.