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Report Date : |
07.12.2013 |
IDENTIFICATION DETAILS
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Name : |
DOME TRADING & CONTRACTING CO WLL |
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Registered Office : |
Salwa Road, P O
Box 3542, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
25.02.1995 |
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Com. Reg. No.: |
17389, Doha |
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Legal Form : |
With Limited Liability |
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Line of Business : |
importer and distributor of building materials,
construction materials, ceramics, marble and tiles. |
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No. of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
TATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
–-- |
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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Qatar |
B1 |
B1 |
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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.
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 : DOME TRADING & CONTRACTING CO WLL
Also Known As : AL RAS TRADING CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 25th February 1995
Commercial Registration Number : 17389, Doha
Chamber Membership Number : 2488
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 2
Activities : Distributors of building materials, construction materials, ceramics,
marble and tiles.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
DOME TRADING &
CONTRACTING CO WLL
AL RAS TRADING CO WLL
Registered &
Physical Address
Location : Salwa Road
PO Box : 3542
Town : Doha
Country : Qatar
Telephone : (974) 44685608 / 44427880 / 44685794
Facsimile : (974) 44685608
Mobile : (974) 55856733
Email : dometrade@hotmail.com
Premises
Subject operates from
a small suite of offices and a warehouse that are rented and located in the
Central Business Area of Doha.
Name Nationality Position
·
Ahmed Nasser Al Rais Qatari Managing Director
·
Mohamed Lateef Abbass Pakistani Director
Date of Establishment : 25th
February 1995
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 17389
(Expires 03/04/2014)
Membership No. : 2488
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Ahmed Nasser Al Rais
·
Mohamed Lateef Abbass
Activities: Engaged in the import and distribution of
building materials, construction materials, ceramics, marble and tiles.
Subject has a
workforce of 2 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.
·
Bank
Saderat Iran
PO Box: 2256
Doha
Tel: (974) 44430346 / 44430344
Fax: (974) 44430121
·
Commercial
Bank of Qatar Ltd (QSC)
PO Box: 3232
Doha
Tel: (974) 44490222
Fax: (974) 44438182
No complaints
regarding subject’s payments have been reported.
Please note that we
were unable to contact the subject directly during our investigation.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.67 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.84.25 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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 |
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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 |
|
<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.