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Report Date : |
28.02.2013 |
IDENTIFICATION DETAILS
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Name : |
AL HABARI TRADING CENTER WLL |
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Registered Office : |
Dhekra Road Al Khor Area PO Box 60861 Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
01.06.2007 |
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Com. Reg. No.: |
36504, Doha |
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Legal Form : |
With Limited Liability – WLL |
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Line of Business : |
Subject operates several divisions like Foodstuff
Division, Building Materials , Division, Rent a Car Division, Real Estate
Division |
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No. of Employees : |
90 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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
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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 : AL HABARI TRADING CENTER WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1st June 2007
Commercial Registration Number : 36504, Doha
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
Total Workforce : 90
Activities : Subject operates several divisions (see below for details)
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Raji Lal, Finance Manager
AL HABARI TRADING CENTER WLL
Street : Dhekra Road
Area : Al Khor Area
PO Box : 60861
Town : Doha
Country : Qatar
Telephone : (974) 44720562
/ 44720542 / 44722422
Facsimile : (974) 44725015
Email : info@alhabarigroup.com
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Doha.
Name Nationality Position
· R K Kuna Hammed Indian Managing
Director
· Saleh Khalf Al
Mannai Qatari Director
· Manoj Kumar - General
Manager
· Raji Lal - Finance
Manager
Date of
Establishment : 1st
June 2007
Legal Form : With Limited Liability
- WLL
Commercial Reg.
No. : 36504, Doha
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
· R K Kuna Hammed
· Saleh Khalf Al
Mannai
Activities: Subjects operations are performed through the following divisions:
·
Foodstuff Division
Engaged in the import and distribution of
general foods and fast moving consumer goods
·
Building Materials
Division
Engaged in
the import and distribution of general building materials
·
Rent a Car
Division
Engaged in
the provision of car rental services
·
Real Estate
Division
Engaged in the provision of real estate
development and leasing
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 90 employees.
Financial highlights provided by local sources are given below:
Currency: Qatari Riyals (QR)
Year
Ending 31/12/11: Year
Ending 31/12/12:
Total Sales QR
38,200,000 QR
40,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Raji Lal, Finance Manager
·
Doha Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
No complaints regarding subject’s payments have been reported.
According to local sources, subject meets its payment obligations in a
timely manner and the business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.83 |
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1 |
Rs.81.24 |
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Euro |
1 |
Rs.70.38 |
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.