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Report Date : |
02.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
AL TAHRIR TRADING
AND CONTRACTING CO WLL |
|
|
|
|
Registered Office : |
Al Goss Street,
Salata Area, 22524 Doha |
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|
|
|
Country : |
Qatar |
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|
|
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Date of Incorporation : |
27.04.1998 |
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|
|
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Com. Reg. No.: |
20102, Doha |
|
|
|
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Legal Form : |
With Limited
Liability - WLL |
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|
|
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Line of Business : |
Distributors of
sanitary ware and plumbing products |
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|
|
|
No. of Employees : |
210 |
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 : AL TAHRIR
TRADING AND CONTRACTING CO WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 27th
April 1998
Commercial
Registration Number : 20102,
Doha
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Total Workforce : 210
Activities :
Distributors of sanitary ware and plumbing products
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
AL TAHRIR TRADING
AND CONTRACTING CO WLL
Street : Al Goss Street
Area : Salata Area
PO Box : 22524
Town : Doha
Country : Qatar
Telephone : (974) 44432355
Facsimile : (974) 44325689
Email : altahrir2006@yahoo.com
Subject operates
from a large suite of offices and a warehouse that are rented and located in
the Industrial Area of Doha.
Name Nationality Position
·
Jamal
El Sayed Hashi Egyptian Managing
Director
·
Saleh Hamd
Al Remihi Qatari Director
·
Mohamed
Gassim - Financial
Manager
·
Mohamed
Ghanayem - Financial
Controller
·
Mohamed
Shafiq - Commercial
Manager
·
Nour Al
Houda - Sales
Manager
Date of Establishment : 27th
April 1998
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 20102, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
·
Jamal
El Sayed Hashi
·
Saleh Hamd
Al Remihi
·
Safetech
Trading Co
Doha
Tel: (974) 44369605
Activities: Engaged in the import and distribution of
sanitary ware and plumbing products. Subject also acts as
plumbing and electrical
contractors.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of approximately 210 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.
·
Commercial
Bank of Qatar Ltd (QSC)
Salwa Road
PO Box: 3232
Doha
Tel: (974) 44490222
Fax: (974) 44438182
No complaints
regarding subject’s payments have been reported.
According to local
sources, subject enjoys a good reputation for the quality of its products with
nothing detrimental uncovered regarding the manner in which operations are
conducted. As such the company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
|
1 |
Rs.85.16 |
|
Euro |
1 |
Rs.67.78 |
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.