MIRA INFORM REPORT

 

 

Report Date :

07.04.2014

 

IDENTIFICATION DETAILS

 

Name :

AROMA INTERNATIONAL WLL

 

 

Registered Office :

Street No. 36, Gate No. 88,  Industrial Area 9138 & 5483 Doha

 

 

Country :

Qatar

 

 

Date of Incorporation :

24.10.2010

 

 

Com. Reg. No.:

14281

 

 

Legal Form :

With Limited Liability - WLL

 

 

Line of Business :

Subject is engaged in the wholesale and retail of dried foods, spices, rice and rice powder

 

 

No of Employees :

24

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

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.

 

 

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 is driven largely by changes in oil prices and by investment in the energy sector. 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 50% 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 about 57 years. Qatar's proved reserves of natural gas exceed 25 trillion cubic meters, about 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 opened at the end of 2013 with an annual passenger capacity of 24 million.

 

Source : CIA

 

SUMMARY

 

Company Name                                    : AROMA INTERNATIONAL WLL

Country of Origin                                   : Qatar

Legal Form                                           : With Limited Liability - WLL

Registration Date                                  : 24th October 2010

Commercial Registration Number           : 14281, Doha

Issued Capital                                       : QR 200,000

Paid up Capital                                     : QR 200,000

Total Workforce                                     : 24

Activities                                               : Wholesalers and retailers of dried foods, spices, rice and rice powder.

Financial Condition                                : Undetermined

Payments                                             : Nothing detrimental uncovered

Person Interviewed                                : Ashraf Sharaf Eddine, Commercial Manager

 

COMPANY NAME

 

AROMA INTERNATIONAL WLL

 

 

company ADDRESS

 

Registered & Physical Address

 

Street               : Street No. 36, Gate No. 88

Area                 : Industrial Area

 

PO Box            : 9138 & 5483

 

Town                : Doha

Country             : Qatar

 

Telephone         : (974) 44607328 / 44422456

Facsimile          : (974) 44607346 / 44364960

Mobile              : (974) 55867198

Email                : aromaintlqatar@gmail.com

 

Premises

 

Subject operates from a small suite of offices that are rented and located in the Industrial Area of Doha.

 

 

KEY PRINCIPALS

 

     Name                                                                       Nationality                    Position

 

·       Abdulrahman Abdullah Ibrahim Al Ansari                    Qatari                           Managing Director

 

·       Perumpilli Pat Payyoorayal Fasalu                             Indian                           Director

 

·       Mohamed Aslam P T                                                                 -                              General Manager

 

·       Ashraf Sharaf Eddine                                                              -                                Commercial Manager

 

·       Shaheed Viyam                                                             -                              Sales Manager

 

·       T K Jaafar                                                                     -                              Operations Manager

 

·       Shaheed Mubarak                                                          -                              Sales Manager

 

·       K Rateesh                                                                     -                              Business Development Manager

 

·       Hasker Uragathil                                                            -                              Accountant

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 24th October 2010

 

Legal Form                  : With Limited Liability - WLL

 

Commercial Reg. No.   : 14281, Doha

 

Chamber Member No.  : 3774

 

Issued Capital              : QR 200,000

 

Paid up Capital            : QR 200,000

 

Name of Shareholder (s)

 

·       Abdulrahman Abdullah Ibrahim Al Ansari

 

·       Perumpilli Pat Payyoorayal Fasalu

 

 

AFFILIATED COMPANIES

 

·       Al Ansari & Partner WLL

Doha

Tel: (974) 44604532

 

·       New Indian Supermarkets

Doha

 

·       Retail Mart

Doha

 

 

OPERATIONS

 

Activities: Engaged in the wholesale and retail of dried foods, spices, rice and rice powder.

 

Import Countries: Europe and the Far East.

 

International Suppliers:

 

·       C P International                               Thailand

·       K K P Food Pvt Ltd                          India

·       Eastern Consignment Pvt Ltd            India

·       Kal Nirmal Ltd                                   India

·       Consolidated Business System         Sri Lanka          

 

Subject has a workforce of 24 employees.

 

 

FINANCIAL DATA

 

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.

 

 

BANKERS

 

·       Ahli Bank QSC

PO Box: 2309

Salwa Road

Doha

Tel: (974) 44326611

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

 

GENERAL COMMENTS

 

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. 60.32

UK Pound

1

Rs. 100.03

Euro

1

Rs. 82.65

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DPT

 

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

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

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

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

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

--

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.