|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
DANDY COMPANY LTD |
|
|
|
|
Registered Office : |
Commercial Building, 1st Floor Ramada Street PO Box 2239
Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
1973 |
|
|
|
|
Com. Reg. No.: |
6573, Doha |
|
|
|
|
Legal Form : |
With Limited Liability - WLL |
|
|
|
|
Line of Business : |
Engaged in the production of fresh dairy products, fruit juices,
flavoured drinks and ice creams as well as
yoghurt, Laban Sharab, Laban Airan and long life food products |
|
|
|
|
No. of Employees |
368 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
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 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 : DANDY COMPANY LTD
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1973
Commercial Registration Number : 6573, Doha
Chamber Membership Number : 389/1
Issued Capital : QR 13,500,000
Paid up Capital : QR 13,500,000
Total Workforce : 368
Activities : Production of fresh dairy products, fruit juices, flavoured drinks and ice
creams as well as long life food products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Joachim D’Souza, Chief Financial Officer
DANDY COMPANY LTD
Building : Commercial Building, 1st Floor
Street : Ramada Street
PO Box : 2239
Town : Doha
Country : Qatar
Telephone : (974) 44422980
/ 44368540
Facsimile : (974) 44440243
Mobile : (974)
55621712
Email : dandy@qatar.net.qa
/ info@dandy-qa.com
/ Joachim@dandy.com.qa
Subject operates from a large suite of offices that are rented and
located in the Central Business Area of Doha.
Branch Office (s)
Location Description
· Street
No. 2 Gate No. 78 Owned factory premises
Industrial Area
Doha
Tel:
(974) 44603500
/ 44603600
Fax: (974)
44603700
Name Position
· Sheikh
Talal Mohamed Bin Jaber Al Thani Managing
Director
· Victor Stanley General
Manager
· Hakim Irfan Maintenance
Manager
· Shashank Bhaskar Production
Manager
· Deepu Joseph Finance
Manager
· Mohamed Farook Human
Resources Manager
· Khalid Mohamed Khalid Commercial
Manager
· Joachim D’Souza Chief
Financial Officer
Date of
Establishment : 1973
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 6573, Doha
Chamber Member No. : 389/1
Issued Capital : QR 13,500,000
Paid up Capital : QR 13,500,000
· 7 Brothers Group
Holding Co 75%
PO Box: 3805
Doha
Qatar
Tel: (974) 44355501 / 44355502
Fax: (974) 44355504
· Al
Basateen Real Estate Co 22%
Doha
Qatar
· Simex
Contracting WLL 3%
Doha
Qatar
Activities: Engaged in the production of fresh dairy products, fruit juices,
flavoured drinks and ice creams as well as
yoghurt, Laban Sharab, Laban Airan and long life food products.
Import Countries: India, Sri Lanka and Australia
Operating Trend: Steady
Subject has a workforce of approximately 368 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
72,300,000 QR
75,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Joachim D’Souza, Chief Financial Officer
·
Qatar International Islamic Bank
PO Box: 664
Doha
Tel: (974) 44435535 / 44435548
Fax: (974) 44444101
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.59.34 |
|
|
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.