|
Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
THE CENTER |
|
|
|
|
Registered Office : |
Salwa Road, 5316
Doha |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
1976 |
|
|
|
|
Com. Reg. No.: |
6618, Doha |
|
|
|
|
Legal Form : |
Sole
Proprietorship |
|
|
|
|
Line of Business : |
Operators of a
retail centre and providers of 60 retail letting spaces |
|
|
|
|
No. of Employees : |
100 |
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 : THE CENTER
Country of Origin : Qatar
Legal Form :
Sole Proprietorship
Registration Date : 1976
Commercial
Registration Number : 6618,
Doha
Invested Capital : QR
10,000,000
Total Workforce : 100
Activities :
Operators of a retail centre and providers of 60 retail letting spaces
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
THE CENTER
Location : Salwa Road
PO Box : 5316
Town : Doha
Country : Qatar
Telephone : (974) 44466111 / 44440202
Facsimile : (974) 44441920
Email : ntg@qatar.net.qa
Please note that
subject’s previous address was, Ibn Seena Street, Rawdat Al Khail, Doha.
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Doha.
Name Position
·
Sheikh
Ghanem Bin Ali Al Thani Proprietor
·
Mostafa
El Masry General
Manager
·
Qader
Asfoorm Administration
Manager
Date of Establishment : 1976
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 6618, Doha
Invested Capital
: QR 10,000,000
Mr Sheikh Ghanem Bin
Ali Al Thani is the sole proprietor of the business.
·
Ghanem
Al Thani Holding
Doha
Activities: Engaged in the operation of a retail centre
and providers of 60 retail letting spaces.
Subject has a
workforce of 100 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.
·
Mashreq
Bank
PO Box: 173
Doha
Tel: (974) 44413213 / 44414932
No complaints
regarding subject’s payments have been reported.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the business is deemed 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.