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Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Street No. 36, Gate No. 88/89, Industrial
Area, |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1992 |
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Com. Reg. No.: |
14281, |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Subject operates several divisions · New Indian Supermarket Aroma
International Flavour
International Retail
Mart New
Packaging Centre New
Meat Centre |
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No. of Employees : |
160 |
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 :
Also Known As : NEW INDIAN SUPERMARKET
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1992
Commercial Registration Number : 14281, Doha
Chamber Membership Number : 3774
Issued Capital : QR 2,400,000
Paid up Capital : QR 2,400,000
Total Workforce : 160
Activities : Subject operates several divisions (see below for details)
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Lagu Nathan, Finance Manager
AL ANSARI &
PARTNERS TRADING CO WLL
NEW INDIAN
SUPERMARKET
Registered &
Physical Address
Location : Street No. 36, Gate
No. 88/89
Area :
Industrial Area
PO Box : 9138
Town : Doha
Country : Qatar
Telephone : (974) 44604532
Facsimile : (974) 44516410
Mobile : (974) 55535038 / 55368083
Email : newindian@qatar.net.qa
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Doha.
Branch Offices
Location Description
·
Old Airport Road Office
premises
Doha
Tel: (974) 44651477
Fax: (974) 44651738
Name Position
·
Abdulrahman
Abdullah Al Ansari Managing
Director
·
Mohamed
Aslam Director
·
Primu
Pilal Faisal Director
·
T K Jaffar Operations
Manager
·
Lagu Nathan Finance
Manager
Date of Establishment : 1992
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 14281, Doha
Chamber Member No. : 3774
Issued Capital : QR 2,400,000
Paid up Capital : QR 2,400,000
Name of
Shareholder (s)
·
Abdulrahman
Abdullah Al Ansari
·
Mohamed
Aslam
·
Primu
Pilal Faisal
Activities: Subject’s operations are performed through
the following divisions:
·
New Indian Supermarket
Engaged in the wholesale and
retail of general foodstuffs and grocery products.
·
Aroma International
Engaged in the import and
distribution of spices.
·
Flavour International
Engaged in the import and
distribution of flavourings.
·
Retail Mart
Engaged as operators of
hypermarkets.
·
New Packaging Centre
Engaged in the packaging of
general foodstuffs.
·
New Meat Centre
Engaged in the wholesale and retail of meat and poultry.
Import
Countries: India
Brand Names: NIRA PARA, ROYAL CHEF, & EASTERN SPICES
Operating Trend: Steady
Subject has a
workforce of 160 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 9,120,000 QR 10,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Al Ahli
Bank of Qatar
Salwa Road
PO Box: 2309
Doha
Tel: (974) 44326611
Fax: (974) 44444652
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.54.68 |
|
UK Pound |
1 |
Rs.86.52 |
|
Euro |
1 |
Rs.69.86 |
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 |
---- |
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.