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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AL ASHRAFIYA INTERNATIONAL ( |
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Registered Office : |
Al
Saad Street, Abu Hamour Area,
P O Box 12410, Doha |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.07.2007 |
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Com. Reg. No.: |
16028, Doha |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Distributors of general
foodstuffs |
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No. of Employees : |
08 |
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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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 :
AL ASHRAFIYA INTERNATIONAL (
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1st July 2007
Commercial Registration Number : 16028, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 8
Activities : Distributors of general foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
AL ASHRAFIYA
INTERNATIONAL (QATAR) WLL
Registered &
Physical Address
Street :
Area : Abu Hamour Area
PO Box : 12410
Town : Doha
Country : Qatar
Telephone : (974) 44509035 / 44510600 / 44510700
Facsimile : (974) 44509001
Email : info.qatar@alashrafiya.com / jkamel@alashrafiya.com
Please note that
subject’s previous address was, Bin Jeham Al Kuwari Complex, 4th Floor, Block
5B, Flat 31, Souq Oman Street, Abu Hamour Area, Doha.
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Doha.
Name Position
·
Hamad Mohamed Abdulaziz Al Wazzan Managing
Director
·
Abdullah Abdulaziz Al Ghanim Director
·
Ramex Khatarji Country
Manager
·
Jameel Kamal Administration
Manager
·
Ashif
Ashraf Accountant
Date of Establishment : 1st
July 2007
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 16028, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
·
Hamad Mohamed Abdulaziz Al Wazzan
·
Abdullah Abdulaziz Al Ghanim
·
Al
Ashrafiya International Co For Foodstuff WLL
Al Jahra Street
Shuwaikh Industrial Area
PO Box: 26555 & 81
Safat 13126
Kuwait
Tel: (965) 22422422 / 24817410
/ 24817477
Fax: (965) 22447444 / 24817403
Activities: Engaged in the import and distribution of general foodstuffs, specialising in seafood, dried frozen
foods.
Import
Countries: Europe and the
Far East
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 9,320,000 QR 9,600,000
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)
Salwa Road
PO Box: 3232
Doha
Tel: (974) 44428686
Fax: (974) 44428734
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
<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.