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Report Date : |
07.02.2014 |
IDENTIFICATION DETAILS
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Name : |
QATAR CO TRADING & CONTRACTING PSC |
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Registered Office : |
Al Emadi Financial Square Building, P O Box 1786, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
01.01.1991 |
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Com. Reg. No.: |
4689, Doha |
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Legal Form : |
Private Shareholding Company |
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Line of Business : |
Engaged as
general construction contractors. |
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No. of Employees : |
125 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Qatar |
B1 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 grew sharply in 2010 largely
due to the increase in oil prices, and 2011's growth was supported by Qatar's
investment in expanding its gas sector. GDP slowed to 6.6% in 2012 as Qatar''s
gas sector expansion moved toward completion. 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 70% 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 57 years. Qatar''s proved reserves of natural gas exceed 25 trillion cubic
meters, more than 13% of the world total and third largest in the world.
Qatar''s successful 2022 World Cup bid will likely accelerate large-scale
infrastructure projects such as Qatar''s metro system, light rail system, and
the Qatar-Bahrain causeway. The Hamad International Airport is projected to
open by the end of 2013 with an annual passenger capacity of 24 million.
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Source : CIA |
Company Name : QATAR CO TRADING & CONTRACTING PSC
Country of Origin : Qatar
Legal Form : Private Shareholding Company
Registration Date : 1st January 1991
Commercial Registration Number : 4689, Doha
Membership Number : 1451/1
Issued Capital : QR 10,000,000
Paid up Capital : QR 10,000,000
Total Workforce : 125
Activities : General construction contractors.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
QATAR CO TRADING
& CONTRACTING PSC
Registered &
Physical Address
Location : Al Emadi Financial Square Building
PO Box : 1786
Town : Doha
Country : Qatar
Telephone : (974) 44666896 / 44666891 / 44666892
/ 44666893
Facsimile : (974) 44666895
Mobile : (974) 55422215
Email : contact-us@qatarco.com.qa
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Doha.
Name Position
·
Yousef
Bin Rashid Al Khater Managing
Director
·
Sultan
Bin Rashid Al Khater Director
·
Mohamed
Bin Rashid Al Khater Director
·
Abdullah
Bin Rashid Al Khater Director
·
Yousef
Bin Ali Al Khater Director
·
Mohamed
Bin Ali Al Khater Director
·
Mohammad
Mubarak Muhmoud General
Manager
Date of Establishment : 1st
January 1991
Legal Form :
Private
Shareholding Company
Commercial Reg. No. : 4689, Doha
Membership
No. : 1451/1
Issued Capital : QR 10,000,000
Paid up Capital : QR 10,000,000
Name of
Shareholder (s)
·
Yousef
Bin Rashid Al Khater
·
Sultan Bin
Rashid Al Khater
·
Mohamed
Bin Rashid Al Khater
·
Abdullah
Bin Rashid Al Khater
·
Yousef
Bin Ali Al Khater
·
Mohamed
Bin Ali Al Khater
Activities: Engaged as general construction
contractors.
Subject has a
workforce of 125 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.
·
Doha
Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
No complaints
regarding subject’s payments have been reported.
Please note that we
were unable to contact the subject directly during our investigation.
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.62.50 |
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|
1 |
Rs.101.92 |
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Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
-- |
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.