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Report Date : |
01.08.2012 |
IDENTIFICATION DETAILS
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Name : |
BUKSHAISHA TRADING & CONTRACTING EST |
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Registered Office : |
Handasaha Street,
Area , Al Montazah Area, P O Box: 3100,
Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1972 |
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Com. Reg. No.: |
5022, Doha |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and retail of building materials, sanitary ware products, hardware and tools, steel bars, plywood and timber. Subject also operates as general building and construction contractors |
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No. of Employees : |
35 |
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 |
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) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 : BUKSHAISHA TRADING & CONTRACTING EST
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Date Started : 1972
Registration Date : 1st January 1991
Commercial Registration Number : 5022, Doha
Chamber Membership Number : 2776/1
Invested Capital : QR 3,000,000
Total Workforce : 35
Activities : Wholesale and retail of building materials, sanitary ware products,
hardware and tools, steel bars, plywood and timber. Subject also operates as general building and construction contractors.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Hamdy Faraj Abu Shanab, General Manager
BUKSHAISHA TRADING
& CONTRACTING EST
Registered &
Physical Address
Street : Handasaha Street
Area : Al Montazah Area
PO Box : 3100
Town : Doha
Country : Qatar
Telephone : (974) 4410975 / 44434361 / 44322455
Facsimile : (974) 4411283 / 44327225
Email : alqamra@alqamra.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and located
in the Suburban Business Area of Doha.
Name Position
·
Ismail
Daoud Mohamed Bukshaisha Proprietor
·
Hamdy
Faraj Abu Shanab General
Manager
·
Mohamed
A. Raouf Sales
Manager
Date of Establishment : Subject’s
operations date back to 1972, however it was registered on 1st
January 1991
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 5022, Doha
Chamber Member No. : 2776/1
Invested Capital
: QR 3,000,000
Mr Ismail Daoud Mohamed
Bukshaisha is the sole proprietor of the business.
Activities: Engaged in the wholesale and retail of
building materials, sanitary ware products, hardware and tools,
steel bars, plywood and timber. Subject also operates as general building
and construction contractors.
Import
Countries: India, United
Kingdom, Germany and Japan.
Operating Trend: Steady
Subject has a
workforce of 35 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 15,110,000 QR 15,890,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
HSBC
Bank Middle East
Abdullah Bin Jassim Street
PO Box: 57
Doha
Tel: (974) 44423124
Fax: (974) 44416353
No complaints
regarding subject’s payments have been reported.
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
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 business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.81 |
|
UK Pound |
1 |
Rs.87.67 |
|
Euro |
1 |
Rs.68.45 |
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<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.