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Report Date : |
30.10.2014 |
IDENTIFICATION DETAILS
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Name : |
PHOENIX
INTERNATIONAL WLL |
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Registered Office : |
Salwa Road, 37132, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
10.05.2006 |
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Com. Reg. No.: |
32913, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Engaged in the design, engineering,
integrating, testing and commissioning of safety, security and building
management systems, including fire protection systems, security systems,
building management systems, electrical engineering, HVAC, surface
preparation and coating. |
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No of Employees : |
250 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Qatar |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 : PHOENIX INTERNATIONAL WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 10th May 2006
Commercial Registration Number : 32913, Doha
Chamber Membership Number : 11744/1
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
Total Workforce : 250
Activities :
Design, engineering, integrating,
testing and commissioning of safety,
security and building management systems.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
PHOENIX
INTERNATIONAL WLL
Location : Salwa Road
PO Box : 37132
Town : Doha
Country : Qatar
Telephone : (974) 44500014
/ 44420221
Facsimile : (974) 44500015
Mobile : (974)
55324195 / 55050582
Email : info@phoenixinternational.com.qa
Subject operates from a large suite of offices and a warehouse that are
rented and located in the Central Business Area of Doha.
Name Nationality Position
· Sheikh Thani Bin Abdullah Ahmed Al Thani Qatari Managing
Director
· Manohar Gopal
Bidaye - Director
· Pramoud Rao - Director
· Easwaran
Kalaparama Murthy - Director
· George C John - Director
· Jibu Mathew - Assistant
General Manager
· Vinit M Durve - Operations
Manager
· Sojimon Pakshran - Finance
Manager
· Sajad Backer - Public
Relations Officer
Date of
Establishment : 10th
May 2006
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 32913, Doha
Chamber Member No. : 11744/1
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
Name of Shareholder
(s)
· Sheikh Thani Bin Abdullah Ahmed Al Thani
· Unisafe Fire Protection Co
Singapore
· Zicom Electronic
India
Activities: Engaged in the design, engineering, integrating, testing and commissioning of safety,
security and building management systems, including fire protection systems,
security systems, building management systems, electrical engineering, HVAC,
surface preparation and coating.
Import Countries: Europe
and the Far East.
Brand Names: HONEYWELL, RBH, ACTI, TELE EYE, JD
MEDIA, VIKING, KOLLING, WORLD SAFETY, RECOMB, AL JAZEERA, EVAL and MARCETTI.
Subject has a workforce of approximately 250 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)
Souq Ahmed Bin Ali
PO Box: 3232
Doha
Tel: (974) 44413133 / 44413135
Fax: (974) 44351782
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.61.32 |
|
|
1 |
Rs.99.00 |
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Euro |
1 |
Rs.78.14 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
SMN |
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 |
-- |
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.