|
Report Date : |
27.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
AL RAYYAN MINERAL WATER CO |
|
|
|
|
Registered Office : |
Ghaffara Area PO Box 7333 Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Year of Incorporation : |
1984 |
|
|
|
|
Com. Reg. No.: |
9097 |
|
|
|
|
Legal Form : |
With Limited Liability - WLL |
|
|
|
|
Line of Business : |
Subject is engaged in the extraction, processing and bottling of mineral
water. Subject operates 4 wells. |
|
|
|
|
No. of Employees : |
280 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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. Throughout the financial crisis Qatari authorities sought to protect the local banking sector with direct investments into domestic banks. GDP grew sharply 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. GDP slowed to 6.6% in 2012 as Qatar''s gas sector expansion moved toward completion. 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 have made Qatar the world''s highest per-capita income country 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, light rail system, and the Qatar-Bahrain causeway. The Hamad International Airport is projected to open by the end of 2013 with an annual passenger capacity of 24 million.
Source
: CIA
Company Name : AL RAYYAN MINERAL WATER CO
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1984
Commercial Registration Number : 9097
Chamber Membership Number : 31
Issued Capital : QR 8,000,000
Paid up Capital : QR 8,000,000
Total Workforce : 280
Activities : Extraction, processing and bottling of mineral water
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Imran Mohamed, Chief Financial Officer
AL RAYYAN MINERAL WATER CO
Location : Ghaffara Area
PO Box : 7333
Town : Doha
Country : Qatar
Telephone : (974) 44487766
/ 44877662 / 44436999
Facsimile : (974) 44487557
/ 44487557
Email : info@rayyanwater.com / rabban@qatar.net.qa / sales@rayyanwater.com
Subject operates from a large suite of offices and a bottling plant that
are owned and located in the Industrial Area of Doha.
Name Position
· Khaled Mohamed Al Rayyan Managing
Director
· Hamd Khaled Mohamed Al Rayyan Director
· Mohamed Khaled Mohamed Al Rayyan Director
· Mohamed Azam General
Manager
· Khalid Abu Abbass Marketing
Manager
· Imran Mohamed Chief
Financial Officer
· T.K. Nishb Sales
Manager
Date of
Establishment : 1984
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 9097
Chamber Member No. : 31
Issued Capital : QR 8,000,000
Paid up Capital : QR 8,000,000
· Al Rabban Holding
Doha
Qatar
· Khaled Mohamed Al Rayyan
· Hamd Khaled Mohamed Al Rayyan
· Mohamed Khaled Mohamed Al Rayyan
· Rabban Readymix
WLL
· Al Sarh Real
Estate WLL
· Rabban Services
Company
· Rabban Contracting
& Trading Co
· Arabian Falcon
Transport Co
Activities: Engaged in the extraction, processing and bottling of mineral water.
Subject operates 4 wells.
Import Countries: India
Subject has a workforce of approximately 280 employees.
Companies registered in Qatar are not legally required to make their
accounts public and no financial information was released by the company or
submitted by outside sources.
·
Commercial Bank of Qatar Ltd (QSC)
Salwa Road
PO Box: 3232
Doha
Tel: (974) 44428686
Fax: (974) 44428734
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 64.23 |
|
|
1 |
Rs. 100.01 |
|
Euro |
1 |
Rs. 85.93 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.