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Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Al Rehaib
Complex, 1st Floor, Office No. 3, Entrance No. 1, C Ring Road, P O
Box 22344, Doha |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
16.10.2006 |
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Com. Reg. No.: |
33999, |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Distributors of fresh meat, livestock, hay, grass and animal feed products |
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No. of Employees : |
25 |
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 |
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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 :
Also Known As : AL SANABEL AL KATARIA WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 16th October 2006
Commercial Registration Number : 33999,
Chamber Membership Number : 12228/3
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 25
Activities : Distributors of fresh meat, livestock, hay, grass and animal feed
products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AL SANABEL AL
QATARIA WLL
AL SANABEL AL
KATARIA WLL
Registered &
Physical Address
Building : Al Rehaib Complex, 1st
Floor, Office No. 3, Entrance No. 1
Street : C Ring Road
PO Box : 22344
Town : Doha
Country : Qatar
Telephone : (974) 44312530 / 44435094
Facsimile : (974) 44182707
Mobile : (974) 5555860
/ 55396346
Email : alsanabel@alsanabelgroup.com
Premises
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Doha.
Name Position
·
Abdullah Ali Ghanim Al Mohanadi Managing
Director
·
Mohamed Hamd Al Hajiri Director
·
Mohamed Najib Mabrouk General
Manager
·
Mohamed
Khedir Commercial
Manager
·
Osama
Bilal Financial
Controller
Date of Establishment : 16th
October 2006
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 33999, Doha
Chamber Member No. : 12228/3
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
·
Abdullah Ali Ghanim Al Mohanadi
·
Mohamed Hamd Al Hajiri
Activities: Engaged in the import and distribution of fresh
meat, livestock, hay, grass and animal feed products.
Import
Countries: Europe and the
Far East.
International Suppliers:
·
Abdeen International Pakistan
·
Al Kareem Export India
· Othman Rahma Co Sudan
Operating Trend: Steady
Subject has a workforce
of 25 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 10,150,000 QR 10,900,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Qatar
International Islamic Bank
PO Box: 664
Doha
Tel: (974) 44435535 / 44435548
Fax: (974) 44444101
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.59.70 |
|
UK Pound |
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.