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Report Date : |
17.01.2014 |
IDENTIFICATION DETAILS
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Name : |
AL MUKHTAR CONTRACTING AND TRADING CO WLL |
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Registered Office : |
D Ring Road, P O
Box 5536, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
01.01.1989 |
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Com. Reg. No.: |
12167, Doha |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Subjects operations are performed through the following divisions:- Contracting
Division Engaged in the provision of general construction contractors. Medical Supplies
and Laboratory Division Engaged in the import and distribution of medical products and laboratory equipment Cleaning and
Pest Control Division Engaged in the provision of contractors for cleaning and pest control. Johnson Diversey
Division Engaged in the import and distribution of chemical products Caparol Paint
Division Engaged in the import, distribution and application of paint products Industrial and
Oilfield Services Engaged in the import and distribution of oilfield machinery and equipment. |
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No. of Employees : |
3,000 |
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 – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Qatar |
B1 |
B1 |
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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 : AL MUKHTAR CONTRACTING AND TRADING CO WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1st January 1989
Commercial Registration Number : 12167, Doha
Chamber Membership Number : 26
Issued Capital : QR 6,000,000
Paid up Capital : QR 6,000,000
Total Workforce : 3,000
Activities : Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
AL MUKHTAR
CONTRACTING AND TRADING CO WLL
Registered &
Physical Address
Location : D Ring Road
PO Box : 5536
Town : Doha
Country : Qatar
Telephone : (974) 44552583
Facsimile : (974) 44552584
Email : info@almukhtar.qatar.com
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Doha.
Name Position
·
Mohamed
Abdullah Abdulghani Managing
Director
·
Abdulrahman
Abdullah Abdulghani Director
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Suresh
P Kumar Accounts
Manager
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Attaullah
Bhatti Manager
(Industrial and Oilfield Division)
·
Mohamed
Shuaib Marketing
Manager
·
Hatem
Saleh Manager
(Cleaning and Pest Control Division)
·
Hesham
Mahfouz Mahmoud Mohamed Mossa Manager (Diversey Division)
·
Ranganathan
Subermani Manager
(Paint Division)
Date of Establishment : 1st
January 1989
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 12167, Doha
Chamber Member No. : 26
Issued Capital : QR 6,000,000
Paid up Capital : QR 6,000,000
Name of
Shareholder (s)
·
Mohamed
Abdullah Abdulghani
·
Abdulrahman
Abdullah Abdulghani
Activities: Subjects operations are performed through
the following divisions:
·
Contracting Division
Engaged in the provision of general construction contractors.
·
Medical Supplies and Laboratory Division
Engaged in
the import and distribution of medical products and laboratory equipment
·
Cleaning and Pest Control Division
Engaged in
the provision of contractors for cleaning and pest control.
·
Johnson Diversey Division
Engaged in
the import and distribution of chemical products
·
Caparol Paint Division
Engaged in the
import, distribution and application of paint products
·
Industrial and Oilfield Services
Engaged in the import and distribution of oilfield machinery and
equipment.
Import
Countries: Europe and the
Far East
Subject has a workforce
of approximately 3,000 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.
·
Banque
Paribas
PO Box: 2636
Doha
Tel: (974) 44430346 / 44430344
Fax: (974) 44430121
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.61.53 |
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|
1 |
Rs.100.73 |
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Euro |
1 |
Rs.83.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.