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Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
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Name : |
JANAS CONTRACTING
COMPANY WLL |
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Registered Office : |
McDonalds
Building, 1st Floor, Al Markhiya Road, Khalifa Street, P O Box
7504, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
12.04.2009 |
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Com. Reg. No.: |
42106, Doha |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Subject’s operations are performed through
the following divisions: Trading Division · Engaged in the import and distribution of general building as well as construction materials and products. Contracting Division · Operates as MEP contractors. · Subject is currently working on phase 3 of a project called 346 Multiple Residential Complex, which includes the construction of houses and buildings. It has a total value of QR 275,000,000. |
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No of Employees : |
approximately
240 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 – 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 : JANAS CONTRACTING COMPANY WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 12th April 2009
Commercial Registration Number : 42106, Doha
Membership Number : 18584
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
Total Workforce : 240
Activities : Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Santosh Samuel, Purchasing Manager
JANAS CONTRACTING COMPANY WLL
Registered &
Physical Address
Building : McDonalds Building, 1st
Floor
Street : Al Markhiya Road, Khalifa
Street
PO Box : 7504
Town : Doha
Country : Qatar
Telephone : (974) 44878812
Facsimile : (974) 44861127
Mobile : (974) 55846217
Email : santhosh@janas.com.qa
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Doha.
Name Position
·
Mamoud El Kilani General
Manager
·
Santosh Samuel Purchasing
Manager
·
Shine Arvind Finance
Manager
Date of Establishment : 12th
April 2009
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 42106
Membership
No. : 18584
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
Name of Shareholder
(s) Percentage
·
Al Deerah Holding 100%
Doha
Activities: Subject’s operations are performed through
the following divisions:
·
Trading Division
Engaged in the import and
distribution of general building as well as construction materials and
products.
·
Contracting Division
Operates as MEP contractors.
Subject is currently working on phase 3 of a
project called 346 Multiple Residential Complex, which includes the construction of houses and buildings. It has
a total value of QR 275,000,000.
Import
Countries: Europe and the Far
East.
Subject has a
workforce of approximately 240 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.
·
Commercial
Bank of Qatar Ltd (QSC)
Salwa Road
PO Box: 3232
Doha
Tel: (974) 44490222
Fax: (974) 44438182
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.60.16 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
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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 |
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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 |
|
<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.