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MIRA
INFORM REPORT
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Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
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Name : |
CONSERVED FOOD STUFF DISTRIBUTING COMPANY (KHAZAN |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
10.02.2005 |
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Com. Reg. No.: |
29798, |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Production and
bottling of mineral water and carbonated drinks as well as the import and distribution of frozen food,
canned food and other fast moving
consumer goods |
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$ 200,000 |
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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 : CONSERVED FOOD STUFF DISTRIBUTING COMPANY (KHAZAN
Country of Origin :
Legal Form : With Limited Liability - WLL
Registration Date : 10th February 2005
Commercial Registration Number : 29798,
Membership Number : 9461/1
Issued Capital : QR 9,000,000
Paid up Capital : QR 9,000,000
Total Workforce : 250
Activities :
Production and bottling of mineral
water and carbonated drinks as well as the import and distribution of frozen food, canned food and other fast moving consumer goods
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
CONSERVED FOOD
STUFF DISTRIBUTING COMPANY (KHAZAN
ADDRESS
Registered & Physical Address
Location :
PO Box : 5613
Town :
Country :
Telephone : (974) 44602633
Facsimile : (974) 44602600
Email : info@khazanqatar.com
/ sarah@khazanqatar.com
Premises
Subject operates
from a large suite of offices, a factory and warehousing that are rented and
located in the Industrial Area of Doha.
KEY PRINCIPALS
Name Position
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Khalid Abu Khalila General
Manager
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Sameh Salah Marketing
Manager
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Sarah Hansar Marketing
Executive
LEGAL FORM & OWNERS
Date of Establishment : 10th
February 2005
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 29798,
Membership No. :
9461/1
Issued Capital : QR 9,000,000
Paid up Capital : QR 9,000,000
Name of Shareholder (s) Percentage
·
Mezan Holding Co 100%
PO Box: 124
Safat
Tel: (965) 24846433
Fax: (965) 24836162
AFFILIATED COMPANIES
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Khazan Sharjah
Sharjah
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Khazan
Safat
OPERATIONS
Activities: Engaged in the production and bottling of mineral
water and carbonated drinks.
Subject is also engaged in the import and distribution of frozen food, canned
food and other fast moving consumer goods.
Import
Countries:
Brand Names:
Operating Trend: Steady
Subject has a
workforce of approximately 250 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 45,900,000 QR 48,380,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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Mashreq Bank
PO Box: 173
Tel: (974) 44413213 / 44414932
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.45.05 |
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1 |
Rs.73.05 |
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Euro |
1 |
Rs.63.81 |
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.