|
Report Date : |
24.05.2014 |
|
|
|
|
Tel. No.: |
+974 4450 30 55 |
|
Fax No.: |
+974 4460 46 32 |
IDENTIFICATION DETAILS
|
Name : |
DALLAH CONVERTING INDUSTRIES (DCI) |
|
|
|
|
Registered Office : |
Street No. 46,
Industrial Area, Gate 15, 40997 Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Date of Incorporation : |
21.01.2008 |
|
|
|
|
Com. Reg. No.: |
27934 |
|
|
|
|
Legal Form : |
With Limited Liability - WLL |
|
|
|
|
Line of Business : |
Engaged in the
manufacture of aluminium trays, containers, foil and cling film. |
|
|
|
|
No. of Employees |
140 |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 :
DALLAH CONVERTING INDUSTRIES (DCI)
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 21st
January 2008
Commercial
Registration Number : 27934
Chamber Membership
Number : 1533/1
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Total Workforce : 140
Activities :
Manufacturers of aluminium trays, containers, foil and cling film
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
DALLAH CONVERTING
INDUSTRIES (DCI)
Street : Street No. 46
Area : Industrial Area, Gate 15
PO Box : 40997
Town : Doha
Country : Qatar
Telephone : (974) 44503055
Facsimile : (974) 44604632
Email : info@dciqatar.com
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Doha.
Name Nationality Position
·
Hamad
Ali Al Muraikhi Qatari Managing
Director
·
Ahmed
Bilal Al Safadi Jordanian Director
Date of Establishment : 21st
January 2008
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 27934
Chamber Member No. : 1533/1
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Hamad
Ali Al Muraikhi
·
Ahmed
Bilal Al Safadi
Activities: Engaged in the manufacture of aluminium trays,
containers, foil and cling film.
Import
Countries: Europe and the
Far East
Subject has a
workforce of 140 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.
·
HSBC
Bank Middle East
Abdulla Bin Jassim Street
PO Box: 57
Doha
Tel: (974) 44423124
Fax: (974) 44416353
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 company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.48 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.79.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.