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Report Date : |
08.08.2014 |
IDENTIFICATION DETAILS
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Name : |
IB TRADING & CONTRACTING CO WLL |
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Registered Office : |
Al |
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Country : |
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Date of Incorporation : |
25.02.2014 |
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Com. Reg. No.: |
64454 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Engaged as mechanical, electrical and plumbing (MEP) contractors. Subject also distributes general foodstuffs. |
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No of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 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 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 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 : IB TRADING & CONTRACTING CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 25th February 2014
Commercial Registration Number : 64454, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 5
Activities : Mechanical, electrical and plumbing (MEP) contractors
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
IB TRADING &
CONTRACTING CO WLL
Building : Al Ikhtyar Building
Street : Rayan Road
PO Box : 91024
Town : Doha
Country : Qatar
Telephone : (974) 44320145
Facsimile : (974) 44320145
Mobile : (974) 55870334 / 55878826
Email : rkrishnafcg@yahoo.co.hk
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Doha.
Name Nationality Position
·
Sreenath
Parampabath Indian Managing
Director
·
Ali
Saeed Al Kawari Qatari Director
Date of Establishment : 25th
February 2014
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 64454, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Sreenath
Parampabath
·
Ali
Saeed Al Kawari
Activities: Engaged as mechanical, electrical and
plumbing (MEP) contractors. Subject also distributes general
foodstuffs.
Subject has a
workforce of 5 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
Doha
Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
No complaints
regarding subject’s payments have been reported.
In view of subject’s
infancy, extensive payment and financial are not available, therefore dealings
are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. 61.41 |
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|
1 |
Rs. 103.42 |
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Euro |
1 |
Rs. 82.16 |
INFORMATION DETAILS
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Analysis Done by
: |
RSM |
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Report Prepared
by : |
DPT |
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 |
|
-- |
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.