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Report Date : |
04.07.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Old |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
24.07.2006 |
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Com. Reg. No.: |
33452, |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Wholesale and retail of sanitary products, bathroom accessories, copper pipes and fittings |
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No. of Employees : |
15 |
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 : |
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
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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 : PIPE LAND TRADING & CONTRACTING WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 24th July 2006
Commercial Registration Number : 33452, Doha
Chamber Membership Number : 112222/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 15
Activities : Wholesale and retail of sanitary products, bathroom accessories,
copper pipes and fittings.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
PIPE LAND TRADING
& CONTRACTING WLL
Registered &
Physical Address
Location : Old Salata Road
PO Box : 37898
Town : Doha
Country : Qatar
Telephone : (974) 44312602 / 44365766
Facsimile : (974) 44312602
Email : pipeland_doha@yahoo.com / pipe_doha@yahoo.com
/ pipeland2010@gmail.com
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Doha.
Branch Offices
Location Description
·
Street No 10 Warehouse
premises
Industrial Area
Doha
Tel: (974)
44163301 / 44601467
Name Nationality Position
·
Jassim Mohamed Al Kawari Qatari Managing
Director
·
Abdullah Kuniyal Indian Director
·
Fazil Abdullah Kuniyal - General
Manager
·
K Harris - Branch
Manager
Date of Establishment : 24th
July 2006
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 33452, Doha
Chamber Member No. : 112222/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
·
Jassim Mohamed Al Kawari
·
Abdullah Kuniyal
Activities: Engaged in the wholesale and retail of
sanitary products, bathroom accessories, copper pipes and fittings.
Import
Countries: India, China,
Bahrain and the United Arab Emirates.
International
Suppliers:
·
Rak Ceramics United
Arab Emirates
·
Gulf Plastic Industries (GPI) Bahrain
Brand Names: IPLEX, IBP CONEX
and PENTAGONO
Operating Trend: Steady
Subject has a
workforce of 15 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 9,220,000 QR 9,870,000
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
Doha
Tel: (974) 44490222
Fax: (974) 44438182
No complaints
regarding subject’s payments have been reported.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.81 |
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UK Pound |
1 |
Rs.86.04 |
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Euro |
1 |
Rs.69.62 |
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.