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Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
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Name : |
INFINEON CONSTRUCTION PRODUCTS TRADING & CONTRACTING WLL |
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Registered Office : |
Al Hilal Building, Ground Floor, Flat 3 D Ring Road PO Box 47213 Doha |
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Country : |
Qatar |
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Date of Incorporation : |
18.04.2012 |
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Com. Reg. No.: |
55249, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
General construction contractors |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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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
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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 :INFINEON CONSTRUCTION PRODUCTS TRADING & CONTRACTING WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 18th April 2012
Commercial Registration Number : 55249, Doha
Membership Number : 28547
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 10
Activities : General construction contractors.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
INFINEON CONSTRUCTION PRODUCTS TRADING & CONTRACTING WLL
Building : Al Hilal
Building, Ground Floor, Flat 3
Street : D Ring Road
PO Box : 47213
Town : Doha
Country : Qatar
Telephone : (974) 44147167
Facsimile : (974) 44363180
Email : info@incopme.com
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Doha.
Name Nationality Position
· Umesh Mudakkil Indian Managing Director
· Ajith Varghese Indian Director
· Anoop Kachipreth Indian Director
· Sheikh Abdulrahman
Bin Hassan Al Thani Qatari Director
Date of
Establishment : 18th
April 2012
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 55249, Doha
Membership No. : 28547
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
· Umesh Mudakkil
· Ajith Varghese
· Anoop Kachipreth
· Sheikh Abdulrahman
Bin Hassan Al Thani
Activities: Engaged as general construction contractors as well as distributors of
laminated timber structures, space frame systems, acoustic wall and ceiling solutions,
raised access flooring, retractable roofing and cladding
systems.
Import Countries: Europe and the Far East.
Subject has a workforce of 10 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Qatar National Bank SAQ
PO Box: 1002
Doha
Tel: (974) 44413511 / 44407407
Fax: (974)
44415020
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.53 |
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|
1 |
Rs.83.59 |
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Euro |
1 |
Rs.71.33 |
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.