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Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
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Name : |
AL RAWABI FOOD CENTRE WLL |
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Registered Office : |
Street : Al Rayyan Road, Al Rayyan Area, PO Box: 21651, Doha |
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Country : |
Qatar |
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Year of Establishment : |
1979 |
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Com. Reg. No.: |
1979 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Subject operates several divisions |
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No of Employees : |
530 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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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 :
AL RAWABI FOOD CENTRE WLL
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 1979
Commercial Registration Number :
31151, Doha
Chamber Membership Number :
10406
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
530
Activities :
Subject operates several divisions (see below for details)
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed :
Faisal Baniligal, Financial Manager
AL RAWABI FOOD CENTRE WLL
Registered &
Physical Address
Street : Al Rayyan
Road
Area : Al Rayyan Area
PO Box : 21651
Town : Doha
Country : Qatar
Telephone : (974) 44812374
/ 44812582 / 46889844
Facsimile : (974) 44820974
/ 44806446 / 46898399
Mobile : (974)
55832370
Email : alrawabifoodcentre@hotmail.com
Premises
Subject operates from a large suite of offices and a warehouse that are
owned and located in the Central Business Area of Doha.
Branch Office (s)
Location Description
Street No 36, Gate No 249 Warehouse
premises
Industrial Area
Doha
Subject has branch offices located in Al Khor, Wakara, Najma and Asmak.
Name Nationality Position
Misfer Hameed Mohamed Al Shawani Qatari Managing
Director
Malinti Prambil Abdullah Indian Director
Mohamed Sadiq Panjourti Indian Director
Mahmoud Moulinder Indian Director
Mohamed Abdullah Indian Director
Malymah Valappil Ahmed Indian Director
V P Ismail - Outlets
Manager
B Siju - Sales
Manager
Faisal Baniligal - Financial
Manager
Nawaz Kapatamal - Financial
Controller
Mohamed Jamshir - Accountant
Date of Establishment : 1979
Legal Form : With Limited
Liability - WLL
Commercial Reg. No. : 31151, Doha
Chamber Member No. : 10406
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
Misfer Hameed Mohamed Al Shawani
Malinti Prambil Abdullah
Mohamed Sadiq Panjourti
Mahmoud Moulinder
Mohamed Abdullah
Malymah Valappil Ahmed
Five Group Trading and Contracting WLL
Doha
Mars Shopping Centre
Doha
Grand Hypermarket
Doha
Grand Shopping Centre
Doha
Doha Rawabi Food Centre
Doha
Activities: Subject’s operations are performed through the following divisions:
Fruit &
Vegetable Division
Wholesalers and
retailers of fruit and vegetables.
Al Rawabi
Foodstuff Division
Wholesalers and retailers
of general foodstuff products.
Electronic
Division
Wholesalers and
retailers of household electrical appliances, computers and cash machines.
Catering Division
Providers of airport catering services.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of approximately 530 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
25,500,000 QR
27,325,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Faisal Baniligal, Financial
Manager
Doha Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
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.59.05 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SHG |
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 |
|
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 |
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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 |
-- |
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.