MIRA INFORM REPORT

 

 

Report Date :

11.04.2014

 

IDENTIFICATION DETAILS

 

Name :

ARABI COMPANY QATAR WLL

 

 

Registered Office :

Al Sahab Complex, Al Azizah Street, PO Box : 22096, Doha

 

 

Country :

Qatar

 

 

Date of Incorporation :

2002

 

 

Legal Form :

With Limited Liability

 

 

Line of Business :

Subject is engaged in the wholesale, retail and installation of pumps, irrigation materials, fogging systems, cooling system, piping system, water heaters, water tanks, valves, fountains, window cleaning machines, garage equipment, leak sealing and power tools.

 

 

No. of Employees :

20

 

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.

 

 

ECGC Country Risk Classification List – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Qatar

B1

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 is driven largely by changes in oil prices and by investment in the energy 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 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 is accelerating large-scale infrastructure projects such as Qatar's metro system, light rail system, the construction of a new port, roads, stadiums and related sporting infrastructure. The new Hamad International Airport is expected to open in mid-2014 with an annual passenger capacity of 24 million on initial opening and 50 million when complete.

 

Source : CIA

 

 

 

SUMMARY

 

Company Name                                     : ARABI COMPANY QATAR WLL

Country of Origin                                    : Qatar

Legal Form                                            : With Limited Liability - WLL

Registration Date                                   : 2002

Issued Capital                                        : QR 200,000

Paid up Capital                                      : QR 200,000

Total Workforce                                     : 20

Activities                                               : Wholesale, retail and installation of pumps, irrigation materials, fogging

systems, cooling system, piping system, water heaters, water tanks, valves, fountains, window cleaning machines, garage equipment, leak sealing and power tools.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Person Interviewed                                 : Emad Muneer, Finance Manager

 

 

 

COMPANY NAME

 

ARABI COMPANY QATAR WLL

 

 

ADDRESS

 

Registered & Physical Address

 

Building             : Al Sahab Complex

Street               : Al Azizah Street

PO Box             : 22096

Town                 : Doha

Country             : Qatar

 

Telephone         : (974) 44696841 / 44684523 / 44684957

Facsimile          : (974) 44684936

Email                : furmqat@qatar.net.qa / info@arabqatar.com

 

Premises

 

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

 

Branch Office (s)

 

Location                                                                                              Description

 

Street No. 3 , Building No. 21 MARS Building, Agency Street                    Office & showroom premises

Tel: (974) 44167328

Fax: (974) 44165441

 

Street No. 3                                                                                           Warehouse premises

Tel: (974) 44165453

Fax: (974) 44165452

 

Street No. 18, Gate No. 102                                                                    Workshop premises

Tel: (974) 44216882

Fax: (974) 44216838

 

Salwa Road

Tel: (974) 44696841                                                                                Oil & Gas Maintenance Service

premises

Fax: (974) 44684936

 

 

KEY PRINCIPALS

 

Name                                                                                       Position

 

Tareq M. Al Maousherji                                                               Managing Director

 

Basil Al Maousherji                                                                    Director

 

Nazar Al Gharibeh                                                                      General Manager

 

Emad Muneer                                                                            Finance Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  :           2002

 

Legal Form      :                       With Limited Liability - WLL

 

Issued Capital              :           QR 200,000

 

Paid up Capital            :           QR 200,000

 

Name of Shareholder (s)

 

Tareq M Al Maousherji

 

Basil Al Maousherji

 

Arabi Holding Group KSC

 

 

AFFILIATED COMPANIES

 

Mashora International Consulting

 

Gulf Paper Manufacturing Company

Al Khat Printing Press

Maousherji Catering Company (McDonald’s)

Warba Graphic Advertisement & Marketing Company

Metropolitan, Mecca

Saudi Nourgeh

Coral Villa

Al Farabi Investment Company

Kuwait National Lube Oil Co

ABC Real Estate

Al Khat Packaging

Al Mouasher Economic Newspaper

Arabi Company WLL,

Agriculture Environment Projects Co WLL

Arabi Engineering Company

Al Essa Medical & Scientific Equipment Co WLL

Arabi Enertech

Gulf Services and Industrial Supplies Company LLC

Daleel International

Call 2 Connect

MobiVisio

Worker's Equit

KAYAN General Trading & Contracting

Arabi Emirates Co

Warba Mechanical Equipment LLC

Arabi Company WLL

Altec Corporation Limited

 

 

OPERATIONS

 

 

Activities:                     Engaged in the wholesale, retail and installation of pumps, irrigation materials, fogging systems, cooling system, piping system, water heaters, water tanks, valves, fountains, window cleaning machines, garage equipment, leak sealing and power tools.

 

Import Countries:         United States of America, Europe and the Far East

 

Brand Names:              FURMANITE, STENHOI, SKYMAN, MAKITA, LUISE, ZILMET, FOUNTAIN PEOPLE, FOGCO, COWAY, NUEVA TERRAIN, WEFA, MITSUBISHI, BRADFORDWHITE and DAB

 

Subject has a workforce of 20 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

 

Commercial Bank of Qatar Ltd (QSC)

PO Box: 3232

Doha

Tel: (974) 44490222

Fax: (974) 44438182

 

 

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.60.21

UK Pound

1

Rs.101.05

Euro

1

Rs.83.33

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NNA

 

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.