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Report Date : |
30.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ALI ABDULLAH TRADING EST |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.01.1983 |
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Com. Reg. No.: |
10765, Doha |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of building and construction materials, sanitary ware and tiles |
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No. of Employees : |
10 |
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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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company Name : ALI ABDULLAH TRADING EST
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 1st January 1983
Commercial Registration Number : 10765, Doha
Invested Capital : QR 100,000
Total Workforce : 10
Activities : Distributors of building and construction materials, sanitary ware and
tiles
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
ALI ABDULLAH TRADING EST
Registered &
Physical Address
Street : Ibn Sina Street
Area : Al Muntazah Area
PO Box : 988 & 17577
Town : Doha
Country : Qatar
Telephone : (974) 44440500
Facsimile : (974) 44412640
Mobile : (974) 55504720
Email : adca_8888@hotmail.com
Please note that
subject moved to the above address in 2010 from Mushaireb Street, Doha.
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Doha.
Name Position
·
Ali
Abdullah Nasserullah Ismail El Emadi Proprietor
& General Manager
·
Mojeeb
Ahmed Sales
Manager
Date of Establishment : 1st
January 1983
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 10765, Doha
Invested Capital
: QR 100,000
Mr Ali Abdullah Nasserullah Ismail El Emadi is the sole proprietor of the business.
Activities: Engaged in the import and distribution of
building and construction materials, sanitary ware and tiles.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 10 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 7,500,000 QR 8,220,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
United
Bank Ltd
PO Box: 242
Doha
Tel: (974) 44438666 / 44424900
Fax: (974) 44424600
No complaints
regarding subject’s payments have been reported.
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.52.68 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.69.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.