MIRA INFORM
REPORT
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Report Date : |
31.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ARAB TRADE CENTRE |
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Registered Office : |
Airport Road, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.01.1991 |
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Com. Reg. No.: |
9057, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers of textiles, household appliances, confectionery and general foodstuff products |
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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 : ARAB TRADE CENTRE
Country of Origin :
Legal Form : Sole Proprietorship
Start Date : 1980
Registration Date : 1st January 1991
Commercial Registration Number : 9057,
Chamber Membership Number : 510/3
Invested Capital : QR 100,000
Total Workforce : 25
Activities : Wholesalers and retailers of textiles, household appliances,
confectionery and general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Emad Abdul Ghani, Financial Controller
COMPANY NAME
ARAB TRADE CENTRE
company ADDRESS
Registered & Physical Address
Location :
PO Box : 2953
Town :
Country :
Telephone : (974) 44414747 / 44313845 / 44325761
Facsimile : (974) 44438805 / 44313741
Email : dandc@qatar.net.qa / atc@darwishandco.com
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Doha.
KEY PRINCIPALS
Name Position
·
Ahmed
Qassim Darwish Proprietor
& General Manager
·
Walid
Khedir Assistant
General Manager
·
Emad
Abdul Ghani Financial
Controller
·
Ahmed
Al Zafarani Administration
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1980, however
subject was registered on 1st January 1991
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 9057,
Chamber Member No. : 510/3
Invested Capital
: QR 100,000
Mr Ahmed Qassim
Darwish is the sole proprietor of the business.
AFFILIATED COMPANIES
·
Darwish
& Co
CR No. 4028
OPERATIONS
Activities: Engaged in the wholesale and retail of
textiles, household appliances, confectionery and general foodstuff products.
Import
Countries: Europe,
International
Suppliers:
·
National
Confectionery & Tahina Factory Co Ltd
·
Kimma
Cone Factory
·
Al
Belad Date Company Ltd
·
Svanera
SRL
·
Eastern
Company SAE
·
Al
Banoosh Foodstuff Est
·
Kaiserdom
Privat Brauerei
·
El Nasr
Clothing Textiles Co
·
Verdu
Canto
·
Carma
Pfister
·
Sukest
Industria
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 14,880,000 QR 15,650,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Qatar
National Bank SAQ
PO Box: 1002
Tel: (974) 44413511 / 44407407
Fax: (974) 44415020
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.44.77 |
|
|
1 |
Rs.71.69 |
|
Euro |
1 |
Rs.63.02 |
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 |
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.