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Report Date : |
28.11.2012 |
IDENTIFICATION DETAILS
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Name : |
BROADWAY FOOD TRADING CO WLL |
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Registered Office : |
Street No. 24, Gate No. 336, Industrial Area, |
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Country : |
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Date of Incorporation : |
17.02.2012 |
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Com. Reg. No.: |
54361, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Import and distribution of general foodstuffs, including: rice, urad
dal, oil, milk powder and frozen
meats. |
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No. of Employees : |
28 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New
Business |
-- |
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Status : |
New business |
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Payment Behaviour : |
Unknown |
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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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Qatar |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 |
QATAR - ECONOMIC
OVERVIEW
Qatar has prospered in the last several years with continued
high real GDP growth in 2011. Qatari authorities throughout the financial
crisis sought to protect the local banking sector with direct investments into
domestic banks. GDP rebounded in 2010 largely due to the increase in oil prices
and 2011's growth was supported by Qatar's investment in expanding its gas
sector. Economic policy is focused on developing Qatar's nonassociated natural
gas reserves and increasing private and foreign investment in non-energy
sectors, but oil and gas still account for more than 50% of GDP, roughly 85% of
export earnings, and 70% of government revenues. Oil and gas likely have made
Qatar the second highest per-capita income country - behind Liechtenstein - and
the country with the lowest unemployment. Proved oil reserves in excess of 25
billion barrels should enable continued output at current levels for 57 years.
Qatar's proved reserves of natural gas exceed 25 trillion cubic meters, more
than 13% of the world total and third largest in the world. Qatar's successful
2022 world cup bid will likely accelerate large-scale infrastructure projects
such as Qatar's metro system and the Qatar-Bahrain causeway.
Source : CIA
Company Name :
BROADWAY FOOD TRADING CO WLL
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date :
17th February 2012
Commercial Registration Number :
54361, Doha
Issued Capital :
QR 500,000
Paid up Capital :
QR 500,000
Total Workforce :
28
Activities :
Distributors of general foodstuffs.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
BROADWAY FOOD TRADING CO WLL
Street : Street No.
24, Gate No. 336
Area : Industrial
Area
PO Box : 201820
Town : Doha
Country : Qatar
Telephone : (974) 44117188
Facsimile : (974) 44112988
Email : sales@broadwayfoodwll.com
Subject operates from a medium sized suite of offices and a warehouse
that are rented and located in the Industrial Area of Doha.
Name Position
· Sheikh Ahmed Bin
Hamd Al Thani Managing
Director
· Khalifa Bin
Abdullah Al Attiyah Director
· Shamsuddine
Peettakkandi General
Manager
· C V Ishaaq Business
Development Manager
· Abu Baker Al
Siddiq Financial
Controller
· P P Afsal Administration
Manager
· K P Abdulrahiman Operations
Manager
· A P Anwar Sadath Procurement
Manager
Date of
Establishment : 17th
February 2012
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 54361, Doha
Issued Capital : QR 500,000
Paid up Capital : QR 500,000
· Sheikh Ahmed Bin
Hamd Al Thani
· Khalifa Bin
Abdullah Al Attiyah
· Broadway Trading
and Contracting WLL
Doha
Activities: Engaged in the import and distribution of general foodstuffs,
including: rice, urad dal, oil, milk powder and
frozen meats.
Import Countries: Europe and the Far East
Subject has a workforce of 28 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Doha Bank Ltd
PO Box: 3818
Doha
Tel: (974) 4435444
Fax: (974) 4416631
/ 4410625
No complaints regarding subject’s payments have been reported.
In view of subject’s infancy, extensive payment and financial are not
available, therefore dealings are recommended to be on secured terms, and a
close monitoring of subject’s business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.89.34 |
|
Euro |
1 |
Rs.72.35 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
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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 |
|
-- |
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.