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Report Date : |
10.10.2012 |
IDENTIFICATION DETAILS
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Name : |
DASMAN CENTER |
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Registered Office : |
Airport Road PO Box 2595 Doha |
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Country : |
Qatar |
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Date of Incorporation : |
29.06.1996 |
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Com. Reg. No.: |
18366, Doha |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Owners and operators of a shopping centre and leasing of retail complexes. |
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No. of Employees : |
165 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Qatar |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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 : DASMAN CENTER
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 29th June 1996
Commercial Registration Number : 18366, Doha
Chamber Membership Number : 3214
Invested Capital : QR 3,000,000
Total Workforce : 165
Activities : Owners and operators of a shopping centre and leasing of retail complexes.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Salem Abdulaziz, Leasing Manager
DASMAN CENTER
Location : Airport Road
PO Box :
2595
Town : Doha
Country : Qatar
Telephone : (974) 44877868
/ 44313115
Facsimile : (974) 44877454
/ 44414643
Mobile : (974)
66693164
Email : khalid@dasman.biz
Subject operates from a large suite of offices and a shopping centre
that are owned and located in the Central Business Area of Doha.
Name Position
· Abdulwahab Mohamed
Abdulwahab Proprietor
· Jamal Shareeda Al
Kaabi General
Manager
· Khalid Hani Assistant
General Manager
· Salem Abdulaziz Leasing
Manager
Date of
Establishment : 29th
June 1996
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 18366, Doha
Chamber Member No. : 3214
Invested Capital : QR 3,000,000
Mr Abdulwahab Mohamed Abdulwahab is the sole proprietor of the business.
Activities: Engaged as owners and operators of a shopping centre and leasing of
retail complexes.
Subject has a workforce of approximately 165 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 business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.37 |
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1 |
Rs.83.99 |
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Euro |
1 |
Rs.67.99 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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.