MIRA INFORM REPORT

 

 

Report Date :           

09.01.2012

 

IDENTIFICATION DETAILS

 

Name :

IMPERIAL TRADING AND CONTRACTING CO WLL

 

 

Registered Office :

Salwa Road, P O Box 23665, Doha

 

 

Country :

Qatar

 

 

Year of Establishment :

2005

 

 

Com. Reg. No.:

26694, Doha

 

 

Legal Form :

With Limited Liability

 

 

Line of Business :

General building and steel work contractors

 

 

No. of Employees :

1500

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 500,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Qatar

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : IMPERIAL TRADING AND CONTRACTING CO WLL

Country of Origin                                    : Qatar

Legal Form                                            : With Limited Liability - WLL

Registration Date                                   : 2005

Commercial Registration Number            : 26694, Doha

Issued Capital                                        : QR 2,000,000

Paid up Capital                                      : QR 2,000,000

Total Workforce                                     : 1,500

Activities                                               : General building and steel work contractors.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 500,000

Person Interviewed                                 : Shijui M Shankran, Purchasing Manager

 

COMPANY NAME

 

IMPERIAL TRADING AND CONTRACTING CO WLL

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Salwa Road

PO Box             : 23665

Town                 : Doha

Country             : Qatar

Telephone         : (974) 44684437 / 44683910

Facsimile          : (974) 44684439

Mobile               : (974) 55249822

Email                : itccnet@qatar.net.qa / shavan@sasconet.com / info@itccnet.com

 

Premises

Subject operates from a large suite of offices that are rented and located in the Central Business Area of Doha.

 

Branch Offices

 

     Location                                                                                          Description

 

·       Street No.47, Gate No. 7                                                                   Office premises

Industrial Area

Doha

Tel: (974) 44506757

Fax: (974) 44507198

 

 

KEY PRINCIPALS

 

     Name                                                          Nationality                   Position

 

·       James Kudakuthiyal Chacko                          Indian                            Managing Director

 

·       Thomas Kudakuthiyal Chacko                        Indian                            Director

 

·       Abdullah Khalaf Mansoor Al Kaabi                  Qatari                           Director

 

·       D K Sasikumar                                                  -                              General Manager

 

·       Shijui M Shankran                                              -                              Purchasing Manager

 

·       Shavan Konshirya                                              -                              Finance Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 2005

 

Legal Form                  : With Limited Liability - WLL

 

Commercial Reg. No.  : 26694, Doha

 

Issued Capital              : QR 2,000,000

 

Paid up Capital            : QR 2,000,000

 

Name of Shareholder (s)

 

·       James Kudakuthiyal Chacko

 

·       Thomas Kudakuthiyal Chacko

 

·       Abdullah Khalaf Mansoor Al Kaabi

 

 

AFFILIATED COMPANIES

 

Subject is a member of the SASCO group of companies, which comprises the following concerns:

 

·       Specialized Aluminium And Steel Co WLL

PO Box: 17750

Doha

Tel: (974) 44606580

Fax: (974) 44504232

 

·       Alubond Qatar WLL

Doha

Tel: (974) 44501133

Fax: (974) 44681134

 

·       Arabian Auto Spare Parts WLL

Doha

Tel: (974) 44686730

Fax: (974) 44501456

 

·       Big J Events WLL

Doha

Tel: (974) 44681778

Fax: (974) 44696975

 

·       Cyber Micro Solution Technologies WLL

Doha

Tel: (974) 44691435

Fax: (974) 44500796

 

·       Continental Trading & Contracting Co WLL

Doha

Tel: (974) 44684644

Fax: (974) 44505879

 

·       Dallas Glass Tempering Factory WLL

Doha

Tel: (974) 44114656

Fax: (974) 44114653

 

·       Express Printing Press WLL

Doha

Tel: (974) 44681790

Fax: (974) 44686379

 

·       Global Rent A Car

Doha

Tel: (974) 44694747

Fax: (974) 44583376

 

·       Imperial Flavours WLL

Doha

Tel: (974) 44684437

Fax: (974) 44684439

 

·       Kalabhavan Qatar School of Music & Arts WLL

Doha

Tel: (974) 44662980

Fax: (974) 44664105

 

·       Nafal Qatar WLL

Doha

Tel: (974) 44682747

Fax: (974) 44686434

 

·       Dorspec WLL

Doha

Tel: (974) 4444694747

 

·       New Ceramic Co WLL

Doha

Tel: (974) 44504048

Fax: (974) 44504049

 

·       Qatar Indo Fabs WLL

Doha

Tel: (974) 44907104

Fax: (974) 44907105

 

·       Specialized Marble & Granite WLL

Doha

Tel: (974) 44604307

Fax: (974) 44501525

 

·       Specialized Trading & Contracting Co WLL

Doha

Tel: (974) 44506278

Fax: (974) 44506279

 

·       Specialized Cladding & Neon WLL

Doha

Tel: (974) 44602296

Fax: (974) 44606428

 

·       Specialized Pharmacy Division

Doha

Tel: (974) 44506133

Fax: (974) 44689299

 

·       Arabnet Qatar WLL

Doha

Tel: (974) 44694747

Fax: (974) 44696975

 

·       Hotel Crystal Palace WLL

Doha

Tel: (974) 44373331

Fax: (974) 44373332

 

·       KM Maintenance & Services Co WLL

Doha

Tel: (974) 44694747

Fax: (974) 44696975

 

·       Imperial Auto Tech WLL

Doha

Tel: (974) 44514043

Fax: (974) 44161322

 

·       Specialized Medical Solutions WLL

Doha

Tel: (974) 44510440

Fax: (974) 44583365

 

 

OPERATIONS

 

Activities: Engaged as general building and steel work contractors.

 

Subject has a workforce of approximately 1,500 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)

Salwa Road

PO Box: 3232

Doha

Tel: (974) 44428686

Fax: (974) 44428734

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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 company is considered to be a fair trade risk and the above credit figure is within subject’s financial means.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.81.79

Euro

1

Rs.67.46

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

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

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.