|
Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
Carvan Complex, (C) Ring Road, Ramada
Single Roundabout, PO Box: 4746, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
24.08.1998 |
|
|
|
|
Com. Reg. No.: |
19591, |
|
|
|
|
Legal Form : |
With Limited Liability - WLL |
|
|
|
|
Line of Business : |
Operators of catering franchises |
|
|
|
|
No. of Employees |
150 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Qatar |
A2 |
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 |
Company Name :
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date :
24th August 1998
Commercial Registration Number :
19591, Doha
Chamber Membership Number :
4343
Issued Capital :
QR 500,000
Paid up Capital :
QR 500,000
Total Workforce :
150
Activities :
Operators of catering franchises
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
TRISTAR SELF DRIVE GENERAL SERVICES
Registered &
Physical Address
Location : Carvan
Complex
Street : (C) Ring
Road
Area : Ramada
Single Roundabout
PO Box : 4746
Town : Doha
Country : Qatar
Telephone : (974) 44365365
Facsimile : (974) 44657999
Email : bap.corporate@sterlingsgroup.biz
/ sccc@sgoc.net
Premises
Subject operates from a large suite of offices that are rented and
located in the Central Business Area of Doha.
Name Position
Abdulrahman Muftah Al Mutfah Managing
Director
Ibrahim Abdulrahman Muftah Al Mutfah Director
Date of Establishment : 24th
August 1998
Legal Form : With Limited
Liability - WLL
Commercial Reg. No. : 19591, Doha
Chamber Member No. : 4343
Issued Capital : QR 500,000
Paid up Capital : QR 500,000
Name of
Shareholder (s)
Abdulrahman Muftah Al Mutfah
Ibrahim Abdulrahman Muftah Al Mutfah
Activities: Engaged in the operation of catering franchises including Pizza Hut,
Caravan Restaurant and Coffee Beanery.
Import Countries: Europe and the Far East
Subject has a workforce of approximately 150 employees.
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.
Commercial Bank of Qatar Ltd (QSC)
Salwa Road
PO Box: 3232
Doha
Tel: (974) 44490222
Fax: (974) 44438182
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.61.06 |
|
UK Pound |
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.