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Report Date : |
26.09.2012 |
IDENTIFICATION DETAILS
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Name : |
AHMED SHAIKH HASSAN ANSARI TRADING EST |
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Registered Office : |
Heritage
Souq, Al Jasra Area, P O Box
277, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1965 |
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Com. Reg. No.: |
1893, Doha |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers of general foodstuff
products |
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No. of Employees : |
35 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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
|
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 : AHMED SHAIKH HASSAN ANSARI TRADING EST
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Start Date : 1965
Registration Date : 1st January 1991
Commercial Registration Number : 1893, Doha
Invested Capital : QR 50,000
Total Workforce : 35
Activities : Wholesalers and retailers of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Eddy Menon Sudhakarn, Assistant General Manager
AHMED SHAIKH HASSAN
ANSARI TRADING EST
Registered &
Physical Address
Location : Heritage
Souq, Al Jasra Area
PO Box : 277
Town : Doha
Country : Qatar
Telephone : (974) 44425484 / 44424137 / 44442169
/ 44421175
Facsimile : (974) 44442169
Email : info@asha.com.qa
Premises
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Doha.
Name Position
·
Ahmed Shaikh Hassan Al Ansari Proprietor
& General Manager
·
Eddy Menon Sudhakarn Assistant
General Manager
·
Koshi Varghese Commercial
Manager
Date of Establishment : 1965, however
subject was registered on 1st January 1991
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1893, Doha
Invested Capital
: QR 50,000
Mr Ahmed Shaikh Hassan Al Ansari is the sole proprietor
of the business.
Activities: Engaged in the wholesale
and retail of general foodstuff products.
Import
Countries: India, Sri Lanka
and Thailand
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 17,000,000 QR 18,300,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
HSBC
Bank Middle East
Abdullah Bin Jassim Street
PO Box: 57
Doha
Tel: (974) 44423124
Fax: (974) 44416353
No complaints
regarding subject’s payments have been reported.
Local sources report
that payment obligations are met in a generally timely manner and the operating
history is clear. As such the company is deemed a fair trade risk and the above
credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.53 |
|
|
1 |
Rs.86.82 |
|
Euro |
1 |
Rs.69.02 |
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.