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Report Date : |
16.07.2012 |
IDENTIFICATION DETAILS
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Name : |
ADVANCED TRADING & CONTRACTING CO WLL |
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Registered Office : |
Gate No. 66 Street No. 5 Industrial Area |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.06.2003 |
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Com. Reg. No.: |
24497, |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Distributors of insulation materials and building materials |
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No. of Employees : |
8 |
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
|
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 : ADVANCED TRADING & CONTRACTING CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1st June 2003
Commercial Registration Number : 24497, Doha
Chamber Membership Number : 6240
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 8
Activities : Distributors of insulation materials and building materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
ADVANCED TRADING & CONTRACTING CO WLL
Location : Gate No. 66
Street : Street No. 5
Area : Industrial
Area
PO Box : 31037
Town : Doha
Country : Qatar
Telephone : (974) 44604952
Facsimile : (974) 44604574
Email : advancednet1@hotmail.com
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Industrial Area of Doha.
Name Nationality Position
· Mohamed Hassan
Siddiqi Abu Gharbeya Jordanian Managing Director
· Saad Ateeq Qatari Director
· Mahmoud Saddiq Abu Gharbeya - Commercial
Manager
Date of
Establishment : 1st June
2003
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 24497, Doha
Chamber Member No. : 6240
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
· Mohamed Hassan
Siddiqi Abu Gharbeya
· Saad Ateeq
Activities: Engaged in the import and distribution of insulation materials and
building materials.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 8 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
9,800,000 QR
10,400,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Doha Bank Ltd
PO Box: 3818
Doha
Tel: (974) 444435444
Fax: (974) 444416631 / 444410625
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.55.65 |
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|
1 |
Rs.85.89 |
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Euro |
1 |
Rs.67.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.