MIRA INFORM REPORT

Report Date :

24.03.2011

IDENTIFICATION DETAILS

Name :	ALDOUHA TRADING & CONTRACTING COMPANY

Registered Office :	Aldouha Trading & Contracting Company Building, Salwa Road , Near Midmac, Central Doha, P.O. Box 8930, Doha

Country :	Qatar

Year of Establishment :	1995

Com. Reg. No.:	35425/1

Legal Form :	Single Person Company

Line of Business :	General contractors

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	US DLRS 150,000
Status :	Small Company
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 – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Qatar

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

company NAME

Aldouha Trading & Contracting Company (Correct)

AL DOUHA TRADING & CONTRACTING CO (Requested)

Company ADDRESS

Building : Aldouha Trading & Contracting Company Building

Street : Salwa Road

Area : Near Midmac, Central Doha

P.O. Box : 8930

Town : Doha

Country : Qatar

Telephone : (974) 4436 5655 / 4453 6514 / Mobiles (974) 5549 8052 / (974) 5550 1983

Fax : (974) 4431 1891

Email : abdulla@douha.net

Trading styles : Al Douha Trading & Contracting

Also known as : Al Douha Trading & Contracting Company

SENIOR COMPANY PERSONNEL

Name Position

1. Soud Saad Majed Al Saad Chairman

2. Abdul Hadi Batarni General Manager

(Syrian national)

3. Mohammed Al Sayed Financial Manager

(Egyptian national)

4. Abdullah Ateek Sales Manager

Total Employees : 150

PAYMENTS

No complaints have been heard regarding payments from local suppliers or banks.

This undertaking comprises a registered branch of Soud Bin Saad Trading Company.

We consider it is acceptable to deal with subject for SMALL amounts,

however it should be borne in mind that subject is only a branch

operation and international suppliers may prefer to see the complete

picture by obtaining information on Soud Bin Saad Trading Company.

Opinion on maximum credit : QR 800,000 (due attention will be given to the above remarks)

Trade risk assessment : Normal

Opinion on the credit figure of US DLRS 150,000 :

We consider the above figure to be within the company's financial

capabilities.

PRINCIPAL BANKERS

NAME : QATAR INTERNATIONAL ISLAMIC BANK (QSC)

Branch : Main branch

Street : Grand Hamad Street

PO Box : 664

Town : Doha

Telephone : (974) 4438 5555 / 4433 2600 / 4438 5544

Fax : (974) 4444 4101

Subject also has an account with :

Commercial Bank of Qatar

Grand Hamad Street

PO Box 3232

Doha

Telephone : (974) 4449 0000

Fax : (974) 4449 0070

FINANCIAL INFORMATION

Private companies in Qatar are not required to publish or disclose

balance sheets. However, the subject interviewed offered the

following information :

Value of Contracts : QR 40,000,000 – 2010 - exact

Sales Turnover : QR 10,000,000 - 2010 - exact

Net Profit : not given

Financial year ends 31 December.

LEGAL STATUS AND HISTORY

Date Started : 1995

History : Subject was established in Qatar in 1995 as a General Partnership with Soud Saad Majed Al Saad and Abdul Hadi Batarni as partners. In 2010 subject was converted into a registered branch of Soud Bin Saad Trading Company.

C.R. No. : 35425/1 (issued on 21 April 2010, expiry date : 12 April 2011)

Capital : not given

Subject is a registered branch of a Single Person Company with

the following officials :

1. Soud Saad Majed Al Saad

2. Abdul Hadi Batarni

Subject is a registered branch of the following company :

Soud Bin Saad Trading Company

PO Box 8930

Doha

Telephone: (974) 4436 5655 / 4453 6514

Fax : (974) 4431 1891

Est. : 12 April 2007

Chairman and sole shareholder : Soud Saad Majed Al Saad (Qatari national).

* It is understood that Abdul Hadi Batarni (Syrian national) is unofficial shareholder in the company.

ACTIVITIES

The Subject is involved in the following activities :

General contractors (building, construction and maintenance).

Importers, retailers and distributors of foodstuff, sanitary ware and

ceramic.

Subject operates through the following divisions :

- General contracting division

- Foodstuff division

- Ceramic trading division

Imports from Europe and Asia.

Subject does not export, all sales are domestic.

Main overseas suppliers : Alaplana, AlBagres and Alcalaten.

FACILITIES

The Subject has the following facilities :

Rented premises comprising administrative offices located at the heading address as well as a showroom and two branch offices with storage facilities located elsewhere in Doha (see Branch Offices section).

BRANCH OFFICES

Main branch (Ceramic Showroom)

Central Doha

Telephone: (974) 4469 9855

Fax : (974) 4458 2182

SPECIAL NOTE

You enquired on : AL DOUHA TRADING & CONTRACTING CO. Please note that subject's correct registered name is as per heading.

The telephone number which you provided: (974) 4469 9855 applies to

subject's branch office (Ceramic Showroom) telephone number. Please note that subject's administrative office telephone numbers are as per heading.

Interviewed : Abdullah Ateek (Sales Manager).

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.96
UK Pound	1	Rs.73.57
Euro	1	Rs.63.68

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

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.