MIRA INFORM REPORT
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Report Date : |
13.09.2011 |
IDENTIFICATION DETAILS
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Name : |
TREMIX AL JABER WLL |
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Registered Office : |
New Doha
International Airport, P O
Box 55574 & 22804, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
09.08.2005 |
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Com. Reg. No.: |
31214, Doha |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Supply of ready mix concrete |
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$ 800,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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
|
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 : TREMIX AL JABER WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 9th August 2005
Commercial Registration Number : 31214, Doha
Chamber Membership Number : 10450/1
Issued Capital : QR 1,000,000
Paid up Capital : QR 1,000,000
Total Workforce : 150
Activities : Supply of ready mix concrete
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 800,000
COMPANY NAME
TREMIX AL JABER WLL
company ADDRESS
Registered &
Physical Address
Location : New Doha International Airport
PO Box : 55574 & 22804
Town : Doha
Country : Qatar
Telephone : (974) 44657632 / 44676086
Facsimile : (974) 44676082
Email : k.david@tremix-aljaber.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Suburban Business Area of Doha.
KEY PRINCIPALS
Name Position
·
Kevin
Nobbs Project
Manager
·
Kevin
David Commercial
Manager
·
Mohamed
Yamin Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 9th
August 2005
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 31214, Doha
Chamber Member No. : 10450/1
Issued Capital : QR 1,000,000
Paid up Capital : QR 1,000,000
Name of Shareholder (s)
·
Al
Jaber Group
Museum Street (C Ring Road)
PO Box: 1120 & 22628
Doha
Tel: (974) 44372551 / 44375940
Fax: (974) 44373907
·
Technical
Ready Mix (TREMIX)
Dubai
United Arab Emirates
AFFILIATED COMPANIES
Subject is a member of the Al Jaber Group, which has operations dating
back to 1976 and developed from a single building company into a group of over
30 companies, employing over 4,000 people.
The group has
diversified and grown into one of the largest providers of products, equipment,
manpower and related services to the Oil, Gas, Petrochemical, Water &
Electricity and Infrastructure sectors in Qatar.
The Al Jaber Group comprises the following concerns:
·
Al
Jaber Trading & Contracting Co WLL
·
Al
Jaber Engineering Co
·
Panorama
Contracting & Engineering Services
·
Expanded
Metal Manufacturing Co. (Exmet)
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Qatar
Gypsum Products Industry (QGIPS)
·
Confidence
Swimming Pools
·
Confidence
Engineering Development
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International
Engineering & General Contracting Co
·
Al
Jaber Steel Co
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Arab
Industrial Gas Distribution Co
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Qatar
Plastic Additives (QADCO)
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Qatar
Lease
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Confidence
Equipment and Transportation
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Al
Jaber Decoration Co
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Lebanese
Palace
·
International
Stainless Steel WLL (ZASH)
·
Confidence
Medical Care
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International
Medical
·
Mamco
Contracting
·
Al Read
Contracting
·
Abascus
School
·
Orient
Marine Services
·
Cedar
Tutorials
·
DTM
OPERATIONS
Activities: Engaged in the supply of ready mix
concrete.
Subject has, to date, supplied over 2
million cubic meters of concrete to the Doha International Airport
making the project one of the largest
infrastructure projects in Qatar.
Import Countries: Europe and the Far East.
Subject has a
workforce of 150 employees.
FINANCIAL DATA
Companies
registered in Qatar are not legally required to make their accounts public and no
financial information was released by the company or submitted by outside
sources.
BANKERS
·
Commercial
Bank of Qatar Ltd (QSC)
PO Box: 3232
Doha
Tel: (974) 44490222
Fax: (974) 44438182
·
Mashreq
Bank
PO Box: 173
Doha
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
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.46.97 |
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UK Pound |
1 |
Rs.74.22 |
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Euro |
1 |
Rs.63.66 |
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.