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Report No. : |
318113 |
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Report Date : |
22.04.2015 |
IDENTIFICATION DETAILS
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Name : |
IB TRADING &
CONTRACTING CO WLL |
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Registered Office : |
Al Ikhtyar Building, Rayan Road, P O Box: 91024, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
25.02.2014 |
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Com. Reg. No.: |
64454, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Mechanical of
Electrical and Plumbing (MEP) Contractors. |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Relatively New Business |
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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 |
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Risk Category |
ECGC
Classification |
|
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. GDP was driven largely by the oil and gas sector however
growth in the manufacturing, construction, and financial services sectors have
pushed the non-oil component to just over half of Qatar’s nominal GDP for the
first time since 2000. Economic policy is focused on sustaining Qatar's
nonassociated natural gas reserves and increasing private and foreign
investment in non-energy sectors, but oil and gas still account for roughly 92%
of export earnings, and 62% 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 56 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 opened in mid-2014
with an initial annual passenger capacity of 24 million and with a projected 50
million when complete.
|
Source
: CIA |
Company Name : IB TRADING
& CONTRACTING CO WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 25th
February 2014
Commercial
Registration Number : 64454,
Doha
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Total Workforce : 5
Activities :
Mechanical, electrical and plumbing (MEP) contractors
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
IB TRADING &
CONTRACTING CO WLL
Building : Al Ikhtyar Building
Street : Rayan Road
PO Box : 91024
Town : Doha
Country : Qatar
Telephone : (974) 44320145
Facsimile : (974) 44320145
Mobile : (974) 55870334 / 55878826
Email : rkrishnafcg@yahoo.co.hk
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Doha.
Name Nationality Position
·
Sreenath
Parampabath Indian Managing
Director
·
Ali
Saeed Al Kawari Qatari Director
Date of Establishment : 25th
February 2014
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 64454, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Sreenath
Parampabath
·
Ali
Saeed Al Kawari
Activities: Engaged as mechanical, electrical and
plumbing (MEP) contractors. Subject also distributes general
foodstuffs.
Subject has a workforce
of 5 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
Doha
Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
No complaints
regarding subject’s payments have been reported.
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.92 |
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|
1 |
Rs.93.57 |
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Euro |
1 |
Rs.67.34 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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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 |
-- |
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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.