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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
10.03.1994 |
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Com. Reg. No.: |
14809/1 |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Lighting products and contractors |
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No. of Employees : |
45 |
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
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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 : DOHA LIGHTS FOR TRADING & CONTRACTING CO
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 10th March 1994
Commercial Registration Number : 14809/1
Chamber Membership Number : 2271
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 45
Activities : Lighting products and contractors
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Ashraf Shahatah, Sales Manager
DOHA LIGHTS FOR
TRADING & CONTRACTING CO
Registered &
Physical Address
Street : Suhaim Bin Hamad Street
Area : Mushaireb Area
PO Box : 545
Town : Doha
Country : Qatar
Telephone : (974) 44321888
Facsimile : (974) 44352226
Email : info@westgulfgroup.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Doha.
Name Position
·
Mohamed Bin Ahmed Bin Towar Al Kuwari Managing
Director
·
Jassim Mohamed Bin Ahmed Bin Towar Al Kuwari Director
·
Khalifa Mohamed Bin Ahmed Bin Towar Al Kuwari Director
·
Shokri Farahat General
Manager
·
Ashraf Shahatah Sales
Manager
Date of Establishment : 10th
March 1994
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 14809/1
Chamber Member No. : 2271
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Mohamed Bin Ahmed Bin Towar Al Kuwari
·
Jassim Mohamed Bin Ahmed Bin Towar Al Kuwari
·
Khalifa Mohamed Bin Ahmed Bin Towar Al Kuwari
Activities: Engaged in the import and distribution of lighting
products and lighting fixtures, as well as interior and
exterior lighting.
The subject is also engaged as installation and fixing contractors.
Import
Countries: United Kingdom,
France, Japan, India and the United States of America
Operating Trend: Steady
Subject has a
workforce of 45 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 22,550,000 QR
23,200,000
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.
Please note that
the subject’s PO Box is 545 and not 150.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.56.29 |
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UK Pound |
1 |
Rs.88.26 |
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Euro |
1 |
Rs.70.82 |
INFORMATION DETAILS
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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 |
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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.