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Report No. : |
315969 |
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Report Date : |
08.04.2015 |
IDENTIFICATION DETAILS
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Name : |
AL KAWTHER WATER
TREATMENT WLL (QATARAT) |
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Registered Office : |
Gate No. 161, Street No. 36, Industrial Area, P O Box: 6471, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
03.04.1999 |
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Com. Reg. No.: |
21371/3 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Processing and
Bottling of Mineral Water. |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Qatar |
A2 |
A2 |
|
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 : AL KAWTHER
WATER TREATMENT WLL (QATARAT)
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 3rd
April 1999
Commercial Registration
Number : 21371/3
Chamber Membership
Number : 4626
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Total Workforce : 250
Activities :
Processing and bottling of mineral water
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
AL KAWTHER WATER
TREATMENT WLL (QATARAT)
Building : Gate No. 161
Street : Street No. 36
Area : Industrial Area
PO Box : 6471
Town : Doha
Country : Qatar
Telephone : (974) 44603031 / 44603609 / 44181832
Facsimile : (974) 44604159
Email : info@qatarat.qa
Subject operates
from a large suite of offices and a warehouse that are rented and located in
the Industrial Area of Doha.
Name Position
·
Waleed
Fahad Al Mana Managing
Director
·
Rasha
Ahmed Al Mana Director
·
Hamid
Ajban General
Manager
·
Abi
Segum Abi Dogam Accounts
Manager
Date of Establishment : 3rd
April 1999
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 21371/3
Chamber Member No. : 4626
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Waleed
Fahad Al Mana
·
Rasha
Ahmed Al Mana
Activities: Engaged in the processing and bottling of
mineral water.
Brand Names: QATARAT
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)
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.62.33 |
|
|
1 |
Rs.92.83 |
|
Euro |
1 |
Rs.68.08 |
INFORMATION DETAILS
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Analysis Done by
: |
SUM |
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Report Prepared
by : |
NIT |
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 |
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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 |
-- |
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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.