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Report Date : |
25.01.2013 |
IDENTIFICATION DETAILS
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Name : |
QATAR INFUSIONS FACTORY WLL |
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Formerly Known As : |
QATAR PHARMA |
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Registered Office : |
Building No. 51 Street No. 81 PO Box 41119 Doha |
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Country : |
Qatar |
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Date of Incorporation : |
30.03.2006 |
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Com. Reg. No.: |
29226/3 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Manufacturers of infusion drugs |
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No. of Employees : |
350 |
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 : QATAR INFUSIONS FACTORY WLL
Also Known As : QATAR PHARMA
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 30th March 2006
Commercial Registration Number : 29226/3
Chamber Membership Number : 9114/1
Issued Capital : QR 10,000,000
Paid up Capital : QR 10,000,000
Total Workforce : 350
Activities : Manufacturers of infusion drugs
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
QATAR INFUSIONS FACTORY WLL
ALSO KNOWN AS: QATAR PHARMA
Building : Building No.
51
Street : Street No.
81
PO Box :
41119
Town : Doha
Country : Qatar
Telephone : (974) 44114242
Facsimile : (974) 44114448
Mobile : (974)
55509400
Email : qatarpharma@qatar.net.qa
Subject operates from a large suite of offices and a factory that are
rented and located in the Central Business Area of Doha.
Name Position
· Dr Ahmed Mohamed
Hussain Al Sulaiti Managing
Director
· Dr Abdul Halim
Jaffar General
Manager
· Mohamed Antar Finance
Manager
Date of
Establishment : 30th
March 2006 (Production began in 2011)
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 29226/3
Chamber Member No. : 9114/1
Issued Capital : QR 10,000,000
Paid up Capital : QR 10,000,000
· Dr Ahmed Mohamed
Hussain Al Sulaiti
· Members of Dr
Ahmed Mohamed Hussain Al Sulaiti’s family
Activities: Engaged in the
manufacture of infusion drugs.
Subject is the first intravenous (sterile,
pyrogenfree) infusion, haemodialysis and topical drug
manufacturing facility in Qatar. Production
capacity per year is 26,000,000 polypropylene bags, each with
two ports, bags are of different sizes (50
ml, 100ml, 250ml, 500ml, 1000ml & 2000ml), 20,200,000
polyethylene, capped bottle 500ml and
5,000,000 jerry can size of 5 litres.
Import Countries: Europe and the
Far East.
Subject has a workforce of approximately 350
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.
·
HSBC Bank Middle East
Abdulla Bin Jassim Street
PO Box: 57
Doha
Tel: (974) 44423124
Fax: (974) 44416353
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.53.85 |
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|
1 |
Rs.85.25 |
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Euro |
1 |
Rs.71.72 |
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.