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Report Date : |
26.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
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Registered Office : |
Villa No. 6, |
|
|
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|
Country : |
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|
|
|
Date of Incorporation : |
20.02.2012 |
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|
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Com. Reg. No.: |
54000, Doha |
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|
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Legal Form : |
With Limited
Liability - WLL |
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Line of Business : |
Distributors of rice,
edible oil and sugar. |
|
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No. of Employees : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 :
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 20th
February 2012
Commercial Registration
Number : 54000, Doha
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Total Workforce : 8
Activities :
Distributors of rice, edible oil and sugar.
Financial Condition : Undetermined
Payments : Nothing
detrimental uncovered
Person Interviewed : Mohamed Tahir
Afzal, Managing Director
AL AFDALIYA TAMWEEN
IMPORT AND EXPORT
Building : Villa No. 6
Street : 67 Al Amarah Street
Area : Al Dafna
PO Box : 27070
Town : Doha
Country : Qatar
Telephone : (974) 44850666
Facsimile : (974) 44837127
Mobile : (974) 55211685
Email : tahirht@gmail.com
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Doha.
Name Nationality Position
·
Mohamed
Tahir Afzal Pakistani Managing
Director
·
Abdulaziz
Ahmed Abdullah Al Misnad Qatari Director
Date of Establishment : 20th
February 2012
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 54000, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
·
Mohamed
Tahir Afzal
·
Abdulaziz
Ahmed Abdullah Al Misnad
Activities: Engaged in the import and distribution of
rice, edible oil and sugar.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 8 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
Qatar
International Islamic Bank
PO Box: 664
Doha
Tel: (974) 44435535 / 44435548
Fax: (974) 44444101
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.53.63 |
|
|
1 |
Rs.86.17 |
|
Euro |
1 |
Rs.69.74 |
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.