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Report Date : |
12.07.2013 |
IDENTIFICATION DETAILS
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Name : |
LLOYDS INTERNATIONAL WLL |
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Registered Office : |
Industrial
Area, Street No. 29, Gate 1B,
P O Box 22586, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
11.03.2008 |
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Com. Reg. No.: |
38496, Doha |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Wholesaler and retailer
of building materials, tools and safety items |
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No. of Employees : |
45 |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 had 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. GDP slowed to 6.3%
in 2012 as Qatar's gas sector expansion moved toward completion. Economic
policy is focused on developing Qatar's non- associated 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 : LLOYDS INTERNATIONAL WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 11th March 2008
Commercial Registration Number : 38496, Doha
Membership Number : 15776/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 45
Activities : Wholesale and retail of building materials, tools and safety items.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Nabeel Hamza, Financial Controller
LLOYDS INTERNATIONAL WLL
Registered &
Physical Address
Location : Industrial
Area, Street No. 29, Gate 1B
PO Box : 22586
Town : Doha
Country : Qatar
Telephone : (974) 44600933 / 44500267 / 44600446
/ 44600208
Facsimile : (974) 44600944 / 44600445
Mobile : (974) 55576978
Email : sales@lloydsintl.com.qa / lloyds@lloydsqatar.com.qa / lloydsinternational@gmail.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Doha.
Name Nationality Position
·
Ismail Edavalath Indian Managing
Director
·
Faroorq
Beeran Indian Director
·
Yousef Jassim G M Al Mahmoud Qatari Director
·
Nabeel
Hamza - Financial
Controller
·
Abdul
Nasser - Sales
Manager
Date of Establishment : 11th
March 2008
Legal Form :
With Limited Liability –
WLL
Commercial Reg. No. : 38496, Doha
Membership No. : 15776/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Ismail Edavalath
·
Faroorq
Beeran
·
Yousef Jassim G M Al Mahmoud
Activities: Engaged in the wholesale and retail of
building materials, tools and safety items.
Import
Countries: India, China and
the United Arab Emirates.
International Suppliers:
·
North
Pole Industries India
·
Fair
Deal United
Arab Emirates
·
Durable
Electric United Arab
Emirates
Brand Names: AMPRO & LLOYDS ZIGMA
Operating Trend: Steady
Subject has a
workforce of 45 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 Revenue QR 15,850,000 QR 17,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Nabeel Hamza, Financial Controller
·
Doha
Bank Ltd
Al Jasrah Street
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
·
Standard
Chartered Bank
PO Box: 29
Doha
Tel: (974) 44414252
Fax: (974) 44413739
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.59.64 |
|
UK Pound |
1 |
Rs.90.14 |
|
Euro |
1 |
Rs.77.99 |
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 |
|
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 |
|
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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.