|
Report Date : |
04.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
AL AMOUDI TRADING
& CONTRACTING EST |
|
|
|
|
Registered Office : |
Najma Street,
Najma Area, 3345 & 3145, Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
16.03.1972 |
|
|
|
|
Com. Reg. No.: |
4797, Doha |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Subject’s operations are performed through the following divisions: · General Trading
Division · Contracting
Division · Al Amanah Décor & Building Materials Division – CR 4797/30 · Al Shamil Division · Al Saqoor
Carpentry & Décor Division · Electrical
Division |
|
|
|
|
No of Employees : |
150 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 AMOUDI TRADING & CONTRACTING EST
Country of Origin :
Qatar
Legal Form :
Sole Proprietorship
Registration Date :
16th March 1972
Commercial Registration Number :
4797, Doha
Chamber Membership Number :
2590/3
Invested Capital :
QR 10,000,000
Total Workforce :
150
Activities :
Subject operates several divisions (see below for details)
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Mahmoud Mostafa, Financial Controller
AL AMOUDI TRADING & CONTRACTING EST
Street : Najma Street
Area : Najma Area
PO Box : 3345 & 3145
Town : Doha
Country : Qatar
Telephone : (974) 44374426 /
44422129 / 44432658 / 44552450 / 44681870 / 44353166 / 44318801
Facsimile : (974) 44417959
/ 44662721 / 44803290 / 44374259
Email : amouditrading@qatar.net.qa
/ alamanadecor@qatar.net.qa
/ contact@alamoudiqatar.com
Please note that subject’s previous address was, Musherib Street
(Airport Street), Doha.
Subject operates from a large suite of offices and a warehouse that are
rented and located in the Central Business Area of Doha.
Branch Offices
Location Description
· Barwa Village Office
premises
Tel: (974) 44432658
Fax: (974) 44432658
Name Position
· Abdulrahman Mohamed Abdulrahman Ba Saqer Al
Amoudi General Manager
· Othman Mohamed
Abdulrahman Ba Saqer Al Amoudi Assistant
General Manager
· Ahmed Sabri Finance
Manager
· Mahmoud Mostafa Financial
Controller
Date of
Establishment : 16th
March 1972
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 4797, Doha
Chamber Member No. : 2590/3
Invested Capital : QR 10,000,000
Heirs of Mohamed Abdulrahman
Ba Saqer Al Amoudi are the sole proprietor of the business.
Activities: Subject’s operations are performed through the following divisions:
· General Trading Division
Wholesalers
and retailers of electrical products, sanitary ware, ceramics and tiles.
· Contracting Division
Engaged as general
building construction contractors.
· Al Amanah Décor
& Building Materials Division – CR 4797/30
Engaged in the
import and distribution of ceramics, tiles and sanitary ware products.
· Al Shamil Division
Engaged in the import and distribution of
general building materials.
· Al Saqoor Carpentry & Décor Division
Engaged in
carpentry and decoration work.
· Electrical Division
Engaged in the
retail of electrical lighting accessories.
Import Countries: Europe and GCC countries.
Operating Trend: Steady
Subject has a workforce of 150 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
53,500,000 QR
59,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Mahmoud Mostafa, Financial
Controller
·
Arab Bank Ltd
Al Sadd Street
PO Box: 3058
Doha
Tel: (974) 44426555 / 44426560
Fax:
(974) 44447218
No complaints regarding subject’s payments have been reported.
Please note that “Al Amana Decor & Building Material” is not a separate
legal entity but a division within “Al Amoudi Trading & Contracting Est”.
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 business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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.