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Report Date : |
17.09.2014 |
IDENTIFICATION DETAILS
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Name : |
KERALA FOOD CENTRE WLL |
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Registered Office : |
Gate No. 54,
Street No. 36, Industrial Area, |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
02.10.1995 |
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Com. Reg. No.: |
12890, |
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Legal Form : |
With Limited
Liability - WLL |
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Line of Business : |
Import and distribution
of general foodstuff products. |
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No of Employees : |
70 |
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 01, 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 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.
|
Source
: CIA |
Company Name : KERALA FOOD CENTRE
WLL
Country of Origin : Qatar
Legal Form : With
Limited Liability - WLL
Registration Date : 2nd
October 1995
Commercial
Registration Number : 12890,
Doha
Chamber Membership
Number : 2756
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Total Workforce : 70
Activities :
Distributors of general foodstuff products.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Nazir Khalil,
Sales Manager
KERALA FOOD CENTRE
WLL
Location : Gate No. 54
Street : Street No. 36
Area : Industrial Area
PO Box : 2867
Town : Doha
Country : Qatar
Telephone : (974) 44606044 / 44603103 / 44431535
/ 44606856
Facsimile : (974) 44606857
Mobile : (974) 55507452 / 70405500
Email : kfcdoha@yahoo.com
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Doha.
Name Nationality Position
·
Oladat
Abdullah Indian Managing Director
·
Ali
Abdullah Al Naser Qatari Director
·
Nazir
Khalil - Sales
Manager
·
Mohamed
Ashraf - Financial
Controller
·
Afzal
Hussain - Purchasing
Manager
Date of Establishment : 2nd
October 1995
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 12890, Doha
Chamber Member No. : 2756
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s) Percentage
·
Ali
Abdullah Al Naser 51%
·
Oladat
Abdullah 49%
·
Tamir Bin Ali Trading Co WLL
Doha
Activities: Engaged in the import and distribution of
general foodstuff products.
Import
Countries: Europe, Pakistan,
India and the Far East
International Suppliers:
·
S F Commodities Pakistan
·
Candidate Business International Pakistan
·
Jay Export India
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Vindhy Export India
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V P Sons India
·
Satyam Traders India
·
Unity Export India
·
Emirates Foodstuff Pvt Ltd Pakistan
Operating Trend: Steady
Subject has a
workforce of 70 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 44,320,000 QR 47,500,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Nazir Khalil, Sales Manager
·
Commercial
Bank of Qatar Ltd (QSC)
Salwa Road
PO Box: 3232
Doha
Tel: (974) 44490222
Fax: (974) 44438182
·
United
Bank Ltd
PO Box: 242
Doha
Tel: (974) 44438666 / 44424900
Fax: (974) 44424600
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.61.10 |
|
UK Pound |
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.79.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.