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Report Date : |
20.07.2013 |
IDENTIFICATION DETAILS
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Name : |
SABOOR COMPANY WLL |
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Registered Office : |
Airport Road, Doha Industrial Area, Street 35, Gate 82, PO Box : 1546, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
2004 |
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Com. Reg. No.: |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Import and distribution of meat, poultry and seafood products |
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No. of Employees : |
30 |
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) |
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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. 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 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.
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Source
: CIA |
Company Name :
SABOOR COMPANY WLL
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date :
2004
Commercial Registration Number :
26891
Chamber Membership Number :
7655
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
30
Activities :
Import and distribution of meat, poultry and seafood products
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Krishna Prasad Sharma, Financial
Controller
SABOOR COMPANY WLL
Registered &
Physical Address
Street : Airport Road
Location : Doha
Industrial Area, Street 35, Gate 82
PO Box : 1546
Town : Doha
Country : Qatar
Telephone : (974) 44321351
/ 44510041 / 44510042
Facsimile : (974) 44371958
/ 44510043 / 55549321
Email : info@saboor.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
Ahmed Ibrahim Mohamed Ali
Al Emadi Qatari Chairman
Khalil Sabboor Zades Iranian Managing
Director
Ali Mohamed Zades - Commercial
Manager
Krishna Prasad Sharma - Financial
Controller
Adel Asghar - Sales
Executive
Date of Establishment : 2004
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 26891
Chamber Mem. No. :
7655
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
Ahmed Ibrahim Mohamed Ali
Al Emadi
Khalil Sabboor Zades
Activities: Engaged in the
import and distribution of meat, poultry and seafood products.
Import Countries: India
and East Africa
Brand Names: RISHAT AL BADIYA, SADIA, HILAL and QURA
Operating Trend: Steady
Subject has a workforce of 30 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
14,690,000 QR
14,900,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Bank Saderat Iran
PO Box: 2256
Doha
Tel: (974) 44430346 / 44430344
Fax: (974) 44430121
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.59.79 |
|
|
1 |
Rs.91.03 |
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Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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.