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Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ABU KHALIFA TRADING ESTABLISHMENT |
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Registered Office : |
Villa |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
27.08.1978 |
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Com. Reg. No.: |
6938, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and retail of fresh fruit and vegetables. |
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No. of Employees : |
125 |
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$ 500,000 |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company Name : ABU KHALIFA TRADING ESTABLISHMENT
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 27th August 1978
Commercial Registration Number : 6938,
Trade Licence Number : 10372
Invested Capital : QR 500,000
Total Workforce : 125
Activities : Wholesale and retail of fresh fruit and vegetables.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 500,000
ABU KHALIFA TRADING ESTABLISHMENT
Building : Villa No. 1
Street :
PO Box : 5160
Town :
Country :
Telephone : (974) 44680471
/ 44687137 / 44687138 / 44685692
Facsimile : (974) 44687822
/ 44689592
Email : haider@qatar.net.qa
Subject operates from a large suite of offices and a warehouse that are
owned and located in the Central Business Area of Doha.
Branch Office (s)
Location Description
· Al Rayyan Market Fruit
& Vegetable market stall
· Al Dafraa Market Fruit
& Vegetable market stall
· Al Mamwraa Market Fruit
& Vegetable market stall
· Wakaraa Market Fruit & Vegetable
market stall
· Wholesale Market Fruit
& Vegetable market stall
Name Position
· Abdullah Hassan
Ahmed Al Khalifa Proprietor
& General Manager
· Haider Ali Al
Hamdrami Assistant
General Manager
· Abu Baker
Muhiddine Administration
Manager
· Ayman Al Tamimi Financial
Controller
· Sayed Abu Al Foutoh Sales Manager
Date of
Establishment : 27th
August 1978
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 6938,
Trade Licence No. : 10372
Invested Capital : QR 500,000
Mr Abdullah Hassan Ahmed Al Khalifa is the sole proprietor of the
business.
Activities: Engaged in the wholesale and retail of fresh fruit and vegetables.
Subject supplies to a large number of
customers, including the Qatar Army, the Qatar Police Force and the
Qatar National Hotel.
Import Countries:
International Suppliers:
· Egyptian Gulf Co
· Al Zahran Trading
· Hariri Corporation
· Safa Corporation
· Luxcan Trading Co
· Keenan Producers
· IG International
Operating Trend: Steady
Subject has a workforce of approximately 125 employees.
Financial highlights provided by local sources are given below:
Currency: Qatari Riyals (QR)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales QR
47,500,000 QR
49,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Commercial Bank of Qatar Ltd (QSC)
PO Box: 3232
Tel: (974) 44428686
Fax: (974) 44428734
Acc No. 4010316350001
·
Bank Saderat
PO Box: 2256
Tel: (974) 44430346 / 44430344
Fax: (974) 44430121
No complaints regarding subject’s payments have been reported.
Established in 1968, subject is very well known in the local business
community, supplying a large number of private and public organisations with
fruit and vegetables.
According to local sources, subject’s financial position is satisfactory
with payment obligations generally met in a timely manner. As such the business
is considered to be a sound trade risk and the above credit figure is deemed to
be admissible.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.66 |
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|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.18 |
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 |
-- |
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.