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Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
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Name : |
LAND MARK |
|
|
|
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Registered Office : |
Al Shamal Road,
Gharaffa, Madinat Khalifa North, 4505 |
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|
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Country : |
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Date of Incorporation : |
22.02.1998 |
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Com. Reg. No.: |
19859, Doha |
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|
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Legal Form : |
With Limited
Liability - WLL |
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Line of Business : |
Owners and operators of a shopping mall and providers of retail letting spaces. |
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No. of Employees : |
120 |
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 : LAND MARK DOHA WLL
Country of Origin : Qatar
Legal Form : With
Limited Liability - WLL
Registration Date : 22nd
February 1998
Commercial
Registration Number : 19859,
Doha
Chamber Membership
Number : 2827
Issued Capital : QR
500,000
Paid up Capital : QR
500,000
Total Workforce : 120
Activities :
Owners and operators of a shopping mall and providers of retail letting
spaces.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
LAND MARK DOHA WLL
Street :
Al Shamal Road
Area : Gharaffa, Madinat Khalifa
North
PO Box : 4505
Town : Doha
Country : Qatar
Telephone : (974) 44874271 / 44875222
Facsimile : (974) 44868271 / 44875333
Email : info@landmarkdoha.com
Subject operates
from a large suite of offices and a shopping mall that are rented and located
in the Central Business Area of Doha.
Name Position
·
Abdulaziz
Mohamed Al Rabban Managing
Director
·
Krishna
Kumar Administration Manager
·
Asho
Nair Finance
Manager
Date of Establishment : 22nd
February 1998
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 19859, Doha
Chamber Member No. : 2827
Issued Capital : QR 500,000
Paid up Capital : QR 500,000
Name of Shareholder
(s)
·
Business
Trading Co (BTC)
Doha
·
Heirs
of the late Nasser Abdullah Al Thani
Activities: Engaged as owners and operators of a
shopping mall and providers of retail letting spaces.
In 1998 subject had 30,000 m2 of floor area. Landmark has since undergone two significant expansions: in
2005, 10,000 m2 was added with a further 18,000 m2 completed in 2007-2008, making the total floor area
58,000 m2. Landmark is home to the British department stores Marks & Spencer and Bhs, plus a branch of
Carrefour.
Subject has a
workforce of 120 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.
·
Doha
Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
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.