|
Report Date : |
22.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
TOP UNIFORMS WLL |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
25.10.1994 |
|
|
|
|
Com. Reg. No.: |
11665, |
|
|
|
|
Legal Form : |
With Limited Liability – WLL |
|
|
|
|
Line of Business : |
Manufacture and provision of uniform solutions, embroidery, safety and
heat pressing. |
|
|
|
|
No. of Employees |
35 |
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 :
TOP UNIFORMS WLL
Country of Origin :
Legal Form :
With Limited Liability - WLL
Registration Date :
25th October 1994
Commercial Registration Number :
11665, Doha
Chamber Membership Number :
2013
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
35
Activities :
Manufacture and provision of uniform solutions, embroidery, safety and heat
pressing.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Sunil Kumar, Sales Manager
TOP UNIFORMS WLL
Registered &
Physical Address
Location : Salwa Road
PO Box : 30029
Town : Doha
Country : Qatar
Telephone : (974) 44177500
Facsimile : (974) 44188400
Mobile : (974)
55861090 / 33891010
Email : topuniforms@qualitynet.net
/ atopuniform@yahoo.com
/ info@atopuniformsqatar.com
/
Premises
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Industrial Area of Doha.
Branch Office (s)
Location Description
Villa No. 15 Office
premises
Ramada Single Road
Souq Al Salah
Doha
Tel: (974) 44415381
Fax: (974) 44448416
Name Nationality Position
Gerish Babu K C Indian Managing Director
Eid Saeed Moshin Al Saadi Qatari Director
Mohamed Eid Saeed Moshin Al Saadi Qatari Director
Sunil Kumar - Sales
Manager
Date of Establishment : 25th
October 1994
Legal Form : With Limited
Liability - WLL
Commercial Reg. No. : 11665, Doha
Chamber Member No. : 2013
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
Gerish Babu K C
Eid Saeed Moshin Al Saadi
Mohamed Eid Saeed Moshin Al Saadi
Atop Uniform General Trading LLC
Ajman
United Arab Emirates
Activities: Engaged in the manufacture
and provision of uniform solutions, embroidery, safety and heat pressing.
Import Countries: Europe
and the Far East.
Operating Trend: Steady
Subject has a workforce of 35 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
12,490,000 QR
13,250,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Doha Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
No complaints regarding subject’s payments have been reported.
According to local sources, subject meets its payment obligations in a
timely manner and the company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.77 |
|
UK Pound |
1 |
Rs.100.72 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.