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Report Date : |
17.10.2012 |
IDENTIFICATION DETAILS
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Name : |
BIN OMRAN TRADING & TELECOMMUNICATIONS |
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Registered Office : |
Sakam Tower, 6th Floor, West Bay, PO Box: 288, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
02.05.2011 |
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Com. Reg. No.: |
50448 |
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Legal Form : |
Sole Proprietorship |
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line of business
: |
Distributors of telecommunication equipment. |
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No. of Employees : |
320 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
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 : BIN OMRAN TRADING & TELECOMMUNICATIONS
Country of Origin :
Qatar
Legal Form :
Sole Proprietorship
Registration Date :
2nd May 2011
Commercial Registration Number :
50448, Doha
Chamber Membership Number :
24636
Invested Capital :
QR 200,000
Total Workforce :
320
Activities :
Distributors of telecommunication equipment.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
BIN OMRAN TRADING & TELECOMMUNICATIONS
Registered &
Physical Address
Building : Sakam Tower,
6th Floor
Area : West Bay
PO Box : 288
Town : Doha
Country : Qatar
Telephone : (974) 44833354
Facsimile : (974) 44833356
Email : binomran@qatar.net.qa
Premises
Subject operates from a large suite of offices that are rented and
located in the Central Business Area of Doha.
Name Position
Mrs Zeinab Abdul Moniem Al Badrawi Proprietor
Nabil Al Hussaini General
Manager
Fayez Ahmed Finance
Manager
Joseph Thomas Commercial
Manager
Date of Establishment : 2nd
May 2011
Legal Form : Sole
Proprietorship
Commercial Reg. No. : 50448, Doha
Chamber Member No. : 24636
Invested Capital : QR 200,000
Mrs Zeinab Abdul Moniem Al Badrawi is the sole proprietor of the
business.
Bin Omran Trading & Contracting
Bin Omran Road
PO Box: 5006
Doha
Tel: (974) 44506606 / 44861535
Fax: (974) 44504501 / 44861443
Activities: Engaged in the import and distribution of telecommunication equipment,
including fibre optic products, copper products, public address systems, video
surveillance products, ADSL, ISDN, transmission, switching products, speaker
cables, instrumentation cables and connectors.
Import Countries: Europe, Singapore, China, Malaysia and the United
States of America.
International Suppliers:
3M Telecom United
States of America
American Polywater United
States of America
Aethra Telecom Italy
Diamond Switzerland
Lancier Germany
Industronics Germany
ALH United
Kingdom
Transtel Engineering Singapore
WRI China
Leader Cables Malaysia
Subject has a workforce of approximately 320 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
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.
In view of subject’s infancy, extensive payment and financial are not
available, therefore dealings are recommended to be on secured terms, and a
close monitoring of subject’s business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.82 |
|
UK Pound |
1 |
Rs.84.96 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
|
<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.