MIRA INFORM REPORT

 

 

 

Report Date :

29.03.2012

 

IDENTIFICATION DETAILS

 

Name :

TRANSIND COMPANY WLL

 

 

Registered Office :

Ras Abu Aboud Road, PO Box   1772, Doha

 

 

Country :

Qatar

 

 

Financials (as on) :

31.12.2008

 

 

Year of Establishment :

1979

 

 

Com. Reg. No.:

6943, Doha

 

 

Legal Form :

With Limited Liability - WLL

 

 

Line of Business :

Wholesale and Retail of General Foodstuff products as well as Ice Cream

 

 

No. of Employees :

300

 

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$ 1,500,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

SUMMARY

 

Company Name                                     : TRANSIND COMPANY WLL

Country of Origin                                    : Qatar

Legal Form                                            : With Limited Liability - WLL

Start Date                                             : 1979

Registration Date                                   : 15th September 1993

Commercial Registration Number            : 6943, Doha

Chamber Membership Number                : 1394/1

Issued Capital                                        : QR 1,250,000

Paid up Capital                                      : QR 1,250,000

Total Workforce                                     : 300

Activities                                               : Wholesale and retail of general foodstuff products as well as ice cream

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Recommended Credit Limit                     : US$ 1,500,000

Person Interviewed                                 : Ibrahim Mokanil, Finance Manager

 

 

COMPANY NAME

 

TRANSIND COMPANY WLL

 

 

company ADDRESS

 

Registered & Physical Address

 

Location            : Ras Abu Aboud Road

PO Box             : 1772

Town                 : Doha

Country             : Qatar

Telephone         : (974) 4417935 / 4419663

Facsimile          : (974) 4421043

Mobile               : (974) 5564538

Email                : contactus@transindgroup.com

 

Premises

 

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

 

 

KEY PRINCIPALS

 

     Name                                                                                               Nationality         Position

 

·       Sheikh Abdulrahman Bin Mohamed Bin Jaber Al Thani                Qatari                        Managing Director

 

·       Jaber Abdulrahman Bin Mohamed Bin Jaber Al Thani                              Qatari                        Director

 

·       Mohamed Abdulrahman Bin Mohamed Bin Jaber Al Thani                        Qatari                        Director

 

·       Rashid Abdulrahman Bin Mohamed Bin Jaber Al Thani                Qatari                        Director

 

·       Reem Abdulrahman Bin Mohamed Bin Jaber Al Thani                  Qatari                        Director

 

·       Maha Abdulrahman Bin Mohamed Bin Jaber Al Thani                              Qatari                        Director

 

·       Rawan Abdulrahman Bin Mohamed Bin Jaber Al Thani                Qatari                        Director

 

·       Mohamed Unni Olakara                                                                            -                General Manager

 

·       Ibrahim Mokanil                                                                                        -                Finance Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : Subject’s operations date back to 1979, however it was registered on 15th September 1993

 

Legal Form                  : With Limited Liability - WLL

 

Commercial Reg. No.  : 6943, Doha

 

Chamber Member No. : 1394/1

 

Issued Capital              : QR 1,250,000

 

Paid up Capital            : QR 1,250,000

 

NAME OF SHAREHOLDER (S)

 

·       Sheikh Abdulrahman Bin Mohamed Bin Jaber Al Thani

 

·       Jaber Abdulrahman Bin Mohamed Bin Jaber Al Thani

 

·       Mohamed Abdulrahman Bin Mohamed Bin Jaber Al Thani

 

·       Rashid Abdulrahman Bin Mohamed Bin Jaber Al Thani

 

·       Reem Abdulrahman Bin Mohamed Bin Jaber Al Thani

 

·       Maha Abdulrahman Bin Mohamed Bin Jaber Al Thani

 

·       Rawan Abdulrahman Bin Mohamed Bin Jaber Al Thani

 

 

AFFILIATED COMPANIES

 

·       Sport Mart

Doha

     Qatar

 

 

OPERATIONS

 

Activities: Engaged in the wholesale and retail of general foodstuff products as well as ice cream.

 

Import Countries: India and Europe

 

Brand Names: NESTLE, BASKIN ROBBINS, DUNKIN DONUTS, FRITOLAY, LACNOR, CHIPS OMAN, JERGENS, SARA LEE, LIBBY'S, TULIP, & SHOPRITE

 

Operating Trend: Steady

 

Subject has a workforce of approximately 300 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Qatari Riyals (QR)

 

                                                Year Ending 31/12/07:                Year Ending 31/12/08:

 

Total Sales                                QR 106,000,000             QR 115,000,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures were confirmed by Ibrahim Mokanil, Finance Manager.

 

 

BANKERS

 

·       Commercial Bank of Qatar Ltd (QSC)

Salwa Road

PO Box: 3232

Doha

Tel: (974) 4428686

Fax: (974) 4428734

 

 

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.50.92

UK Pound

1

Rs.81.21

Euro

1

Rs.67.85

 

 

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.