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Report Date : |
29.04.2014
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IDENTIFICATION DETAILS
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Name : |
RODHA KHALID COMPANY WLL |
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Registered Office : |
Mushreib Street
PO Box 5767 Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
01.01.1991 |
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Com. Reg. No.: |
10568, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Wholesale and retail of plumbing, electrical and building
materials |
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No. of Employees |
14 |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Qatar |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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
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Source
: CIA |
Company Name : RODHA KHALID COMPANY WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 1st
January 1991
Commercial
Registration Number : 10568, Doha
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Total Workforce : 14
Activities :
Wholesale and retail of plumbing, electrical and building materials.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mojeeb
Rahman, Accountant
RODHA KHALID
COMPANY WLL
Location : Mushreib Street
PO Box : 5767
Town : Doha
Country : Qatar
Telephone : (974) 44310454 / 44310464 / 44428206
/ 44439935 / 44421419
Facsimile : (974) 44435102 / 44439935
Mobile : (974) 55323120
Email : rodhakhalidco@qatar.net.qa
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Doha.
Name Nationality Position
·
Khalid Mohamed Hassan Al Nuaimi Qatari Managing
Director
·
Nasser Khalid
Mohamed Hassan Al Nuaimi Qatari Director
·
Kuthithope
Prambil Abdul Qader Indian Director
·
Nishad
Kuthithope Prambil Abdul Qader Indian Director
·
Mohamed
Abdul Majeed - Sales
Manager
·
Mojeeb
Rahman - Accountant
Date of Establishment : 1st
January 1991
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 10568, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
·
Khalid Mohamed Hassan Al Nuaimi
·
Nasser Khalid
Mohamed Hassan Al Nuaimi
·
Kuthithope
Prambil Abdul Qader
·
Nishad
Kuthithope Prambil Abdul Qader
Activities: Engaged in the wholesale and retail of
plumbing, electrical and building materials.
Import
Countries: United Kingdom, India
and China
International Suppliers:
·
Top Anchor India
·
Pegler United
Kingdom
·
Stuart
Pumps United Kingdom
·
Muller Copper Pipe United
Kingdom
Operating Trend: Steady
Subject has a
workforce of 14 employees.
Financial highlights
provided by local sources are given below:
Currency: Qatari
Riyals (QR)
Year
Ending 31/12/12: Year
Ending 31/12/13:
Total Sales QR 12,655,000 QR 13,210,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Mashreq
Bank
PO Box: 173
Doha
Tel: (974) 4413213 / 4414932
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 and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
|
1 |
Rs.101.69 |
|
Euro |
1 |
Rs.83.62 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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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 |
-- |
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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.