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Report Date : |
19.10.2012 |
IDENTIFICATION DETAILS
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Name : |
AL KANDARI PURE WATER |
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Registered Office : |
Street No. 36 Industrial Area PO Box 75008 Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
29.06.2009 |
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Com. Reg. No.: |
42833, Doha |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Processors and bottlers of mineral water |
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No. of Employees : |
35 |
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 : AL KANDARI PURE WATER
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 29th June 2009
Commercial Registration Number : 42833, Doha
Chamber Membership Number : 19210
Invested Capital : QR 200,000
Total Workforce : 35
Activities : Processors and bottlers of mineral water
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL KANDARI PURE WATER
Street : Street No.
36
Area : Industrial
Area
PO Box :
75008
Town : Doha
Country : Qatar
Telephone : (974) 44510815
Facsimile : (974) 44510815
Mobile : (974)
55888998
Email : ibrahim8998@hotmail.com
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Industrial Area of Doha.
Name Position
· Sheikh Abdulaziz
Bin Abdullah Proprietor
& General Manager
· Ibrahim Darwish Commercial
Manager
Date of
Establishment : 29th
June 2009
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 42833, Doha
Chamber Member No. : 19210
Invested Capital : QR 200,000
Sheikh Abdulaziz Bin Abdullah is the sole proprietor of the business.
Activities: Engaged in the processing and bottling of mineral water.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 35 employees.
Financial highlights provided by local sources are given below:
Currency: Qatari Riyals (QR)
Year
Ending 31/12/10: Year Ending
31/12/11:
Total Sales QR
12,200,000 QR
13,500,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.97 |
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1 |
Rs.85.45 |
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Euro |
1 |
Rs.69.45 |
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.