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Report Date : |
30.07.2014 |
IDENTIFICATION DETAILS
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Name : |
JNP TRADING |
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Registered Office : |
Street No. 28, Industrial
Area, Gate No. 178, |
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Country : |
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Financials (as on) : |
31.12.2013 (Estimated) |
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Date of Incorporation : |
20.05.2007 |
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Com. Reg. No.: |
35807 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the Import and Distribution of Safety and Construction Equipment, HP Original INKS & Toners and Office Stationeries items |
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No of Employees : |
16 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
Concern Name : JNP TRADING
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 20th May 2007
Commercial Registration Number : 35807
Chamber Membership Number : 136913
Invested Capital : QR 200,000
Total Workforce : 16
Activities :
Distributors of Safety and
Construction Equipment, HP Original
INKS &
Toners and Office Stationeries items
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
JNP TRADING
Registered &
Physical Address
Street : Street No. 28
Area : Industrial Area, Gate No. 178
PO Box : 20437
Town : Doha
Country : Qatar
Telephone : (974) 44681711
Facsimile : (974) 44681811
Mobile : (974) 55540066
Email : info@jnpqatar.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Industrial
Area of Doha.
Name Nationality Position
·
Omar
Gamaan Ba Matar Qatari Proprietor
·
Gamal
Zahra Jordanian General Manager
Date of Establishment : 20th May
2007
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 35807
Chamber Member No. : 136913
Invested Capital
: QR 200,000
Mr. Omar Gamaan Ba
Matar is the sole proprietor of the business.
Activities:
Engaged in the Import and Distribution of Safety and Construction
Equipment, HP Original INKS & Toners and
Office Stationeries items
Subject is ISO 9001:2008
accredited.
Import
Countries: Europe and the
Far East
Brand Names: HP
Operating Trend: Steady
Subject has a
workforce of 16 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 Revenue QR 11,200,000 QR 11,375,000
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.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the business is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
UK Pound |
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.