|
Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
GIANT STORES WLL |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.02.2002 |
|
|
|
|
Com. Reg. No.: |
258178/4 |
|
|
|
|
Legal Form : |
With Limited Liability - WLL |
|
|
|
|
Line of Business : |
Operators of a
hypermarket |
|
|
|
|
No. of Employees : |
350 |
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 |
|
Payment Behaviour : |
No complaints |
|
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 : GIANT STORES WLL
Country of Origin : Qatar
Legal Form : With
Limited Liability - WLL
Registration Date : 17th
February 2002
Commercial
Registration Number : 258178/4
Issued Capital : QR
7,500,000
Paid up Capital : QR
7,500,000
Total Workforce : 350
Activities :
Operators of a hypermarket
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
GIANT STORES WLL
Location : Hyatt Plaza Shopping Mall
Street : Al Waab Street
Area : Al Aziziyah
PO Box : 22402
Town : Doha
Country : Qatar
Telephone : (974) 44019195 / 44999666
Facsimile : (974) 44685864 / 44699454
Subject operates
from a large suite of offices and a hypermarket that are rented and located in the
Central Business Area of Doha.
Name Position
·
Sheikh Khalid Bin Khalid Al Thani Managing
Director
·
Fayez Mohiddine General
Manager
Date of Establishment : 17th
February 2002
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 258178/4
Issued Capital : QR 7,500,000
Paid up Capital : QR 7,500,000
Name of Shareholder
(s)
·
Sheikh Khalid Bin Khalid Al Thani
·
Qatar Central Markets Co
·
Al Mohaideb Co
·
Abdullah Naban Co
Activities: Engaged as operators of a hypermarket,
selling general foodstuffs, groceries
and household products.
Subject has a
workforce of approximately 350 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.
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.51.61 |
|
|
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
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.