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Report Date : |
27.06.2014 |
IDENTIFICATION DETAILS
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Name : |
WH SMITH QATAR LLC |
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Registered Office : |
Global Business Center II, Al Hitmi Village, Building 7 PO Box 25422 Doha |
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Country : |
Qatar |
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Date of Incorporation : |
29.01.2013 |
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Com. Reg. No.: |
58983, Doha |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Engaged in the wholesale and retail of newspapers, magazines, books,
stationery and confectionary |
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No. of Employees |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
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Qatar |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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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
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Source
: CIA |
Company Name : WH SMITH QATAR LLC
Country of Origin : Qatar
Legal Form : Limited Liability Company
Registration Date : 29th January 2013
Commercial Registration Number : 58983, Doha
Membership Number : 34156
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 15
Activities : Wholesalers and retailers of newspapers, magazines, books, stationery and confectionary.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Prasanna Najrajan, Procurement Manager
WH SMITH QATAR LLC
Location : Global
Business Center II, Al Hitmi Village, Building 7
PO Box : 25422
Town : Doha
Country : Qatar
Telephone : (974) 44023038
Facsimile : (974) 44572777
Mobile : (974)
55294289
Email : prasanna.nagarajan@whsmith.co.uk
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Doha.
Branch Offices
Subject currently operates stores in Nuaija Mall
and Ezdan Mall.
Name Nationality Position
· Ahmed Yousef Al Jufairi Qatari Managing
Director
· Johnson Robinson - General
Manager
· Prasanna Najrajan - Procurement
Manager
Date of
Establishment : 29th
January 2013
Legal Form : Limited Liability
Company
Commercial Reg.
No. : 58983, Doha
Membership No. : 34156
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
· Ahmed Yousef Al Jufairi
· WH Smith Ltd
United Kingdom
Activities: Engaged in the wholesale and retail of newspapers, magazines, books,
stationery and confectionary.
Import Countries: United Kingdom
Subject has a workforce of 15 employees.
Subject is a newly formed business and as a result financial information
is not currently available.
·
Doha Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
UNKNOWN
In view of subject’s infancy, extensive payment and financial are not
available, therefore dealings are recommended to be on secured terms, and a
close monitoring of subject’s business development is advisable.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.16 |
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|
1 |
Rs.102.23 |
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Euro |
1 |
Rs.82.04 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIS |
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.