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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
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Name : |
JAIDAH MOTORS
& TRADING CO WLL |
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Registered Office : |
Building No. 41, |
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Country : |
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Date of Incorporation : |
1960 |
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Com. Reg. No.: |
44, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Subject company operates the following division like, Automotive Division, Furniture Division, Industrial Supply & Equipment Division,
Heavy Equipment & Machinery
Division, Gas & Oil
Division, Technology Division |
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No. of Employees : |
950 |
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 |
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Status : |
Good |
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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) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : JAIDAH MOTORS & TRADING CO WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 1960
Commercial
Registration Number : 44, Doha
Membership Number : 21/1
Import Licence
Number : 7
Issued Capital : QR
200,000,000
Paid up Capital : QR
200,000,000
Total Workforce : 950
Activities :
Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
JAIDAH MOTORS &
TRADING CO WLL
Building : Building No. 41
Street : B Ring Road
Area : Furaij Bin
Abdulaziz Area
PO Box : 150
Town : Doha
Country : Qatar
Telephone : (974) 44426161 / 44426168 / 44466888
/ 44638777
Facsimile : (974) 44414100 / 44415400
Mobile : (974) 55524722
Email : jmtc@qatar.net.qa / info@jaidah.com.qa
Subject operates from
a large suite of offices and a showroom that are owned and located in the
Central Business Area of Doha.
Branch Office
(s)
Location Description
·
Doha
Industrial Area Owned
warehouse premises
Doha
Tel: (974) 44600000
Fax: (974) 44415700
Name Position
·
Jassim
Mohamed Al Jaidah Managing
Director
·
Ali
Jassim Mohamed Al Jaidah Director
·
Mohamed Jassim Mohamed Al Jaidah Director
·
Ted Berry Finance
Manager
·
Raid Yousef Assistant
Human Resources Manager
Date of Establishment : 1960
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 44, Doha
Membership No. : 21/1
Import Licence No. : 7
Issued Capital : QR 200,000,000
Paid up Capital : QR 200,000,000
Name of Shareholder (s) Percentage
·
Al Jaidah Group 99.9%
Doha
·
Jassim Mohamed Al Jaidah 0.1%
·
Medgulf
Construction Est
PO Box: 3603
Doha
Tel: (974) 44431516
Fax: (974) 44433586
·
Special
Technical Services
PO Box: 2763
Doha
Tel: (974) 44810663
·
Jaidah Investment & Real Estate Co
PO Box: 150
Doha
Tel: (974)
44466888
Fax: (974)
44414100
·
Trags
Electrical Engineering & Airconditioning Co
PO Box: 470
Doha
Tel: (974) 44414211
Fax: (974) 44413306
·
Trading
& Agency Services WLL
Jaidah Tower, 7th Floor
Sheikh Abdullatif Bin Hamad Street
PO Box: 1884
Doha
Tel: (974) 44432212 / 44328550
Fax: (974) 44422255
Email: tragsdoh@qatar.net.qa
·
Business
Communications Qatar WLL (BCQ)
Jaidah Tower
Sheikh Abdullatif Bin Hamad Street
PO Box: 3656
Doha
Tel: (974) 44325851 / 44416255
Fax: (974) 44443871
·
Qatar
Refreshment Co WLL
Salwa Industrial Area
PO Box: 679
Doha
Tel: (974) 44600485 / 44600484
Fax: (974) 44600483
·
Oman Oil
Industry Supplies & Services Co LLC (OOISS)
Al Omran Street
Gala Industrial Area
PO Box: 510, Ruwi 112
Muscat
Oman
Tel: (968) 24590061 / 24590063 / 24590066 / 24590067
Fax: (968) 24590131 / 24501619
Activities: Subject’s operations are performed through
following divisions:
· Furniture Division
Distributors
of carpets and furniture, as well as electrical household appliances. The
division also offers a comprehensive interior design service.
· Industrial Supply & Equipment Division
This division specialises in
the supply of heavy equipment and machinery.
· Heavy Equipment & Machinery Division
Engaged as distributors of
tools, earthmoving equipment, welding machines, forklifts, heavy duty equipment
and
machinery, safety equipment
and instrumentation. The company supplies the following brands - Komatsu, Nissan
Diesel, Cummins, and
Ingersoll Rand.
· Technology Division
Providers of technology and communication
solutions.
Import
Countries: United Kingdom,
Germany, Japan, Singapore, Canada and the United States of America
International
Suppliers:
·
General
Motors Corp United
States of America
·
Chevrolet
Corp United
States of America
·
El Industries International United States of America
·
Baker
Hughes United
States of America
·
Cadex
Electronic Inc Canada
·
Isuzu
Motors Japan
·
Komatsu Japan
·
Cummins Engine (Singapore) Pte Ltd Singapore
·
Osram Germany
·
Siebe
Gorman Germany
·
Marconi
Industries United
Kingdom
·
Baroid
International United
Kingdom
Subject has a
workforce of approximately 950 employees.
Companies
registered in Qatar are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
·
HSBC
Middle East
Abdullah Bin Jassim Street
PO Box: 57
Doha
Tel: (974) 44423124
·
Grindlays
Bank
Rayyan Road
PO Box: 2001
Doha
Tel: (974) 44327711
·
Commercial
Bank of Qatar
Al Nahdah Street
PO Box: 3232
Doha
Tel: (974) 44321010
No complaints
regarding subject’s payments have been reported.
Credit amount 150,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency Pounds
Sterling
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.93 |
|
|
1 |
Rs.88.14 |
|
Euro |
1 |
Rs.70.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.