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Report No. : |
335256 |
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Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
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Name : |
AL TAHRIR TRADING AND CONTRACTING CO WLL |
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Registered Office : |
Al Quoz Street, Salata Area, PO Box : 22524, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
February 1985 |
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Com. Reg. No.: |
20102, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Subject is engaged in the import and distribution of sanitary ware and
plumbing products. Subject also acts as plumbing and electrical contractors
specialising in fire alarms and fire fighting systems |
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No. of Employee : |
160 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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. 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.
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Source
: CIA |
Company Name :
AL TAHRIR TRADING AND CONTRACTING CO WLL
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Start Date :
February 1985
Registration Date :
27th April 1998
Commercial Registration Number :
20102, Doha
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
160
Activities :
Distributors of sanitary ware and plumbing products.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Mahmoud Gassim, Financial Manager
AL TAHRIR TRADING
AND CONTRACTING CO WLL
Street : Al Quoz
Street
Area : Salata Area
PO Box :
22524
Town : Doha
Country : Qatar
Telephone : (974) 44432355
/ 44369605
Facsimile : (974) 44325689
/ 44311019
Email : altahrir2006@yahoo.com / info@tahrir-qatar.com
/ ttcc.qatar@hotmail.com
Subject operates from a large suite of offices and a warehouse that are
rented and located in the Industrial Area of Doha.
Branch Office (s)
Location Description
· El Rayan Showroom
premises
· Salwa Road Showroom
premises
Doha
Tel: (974)
44369289
Fax: (974)
44434720
Name Nationality Position
· Jamal El Sayed
Hashim Egyptian Managing
Director
· Saleh Abdulrahman
Omar Al Remihi Qatari Director
· Mahmoud Gassim - Financial
Manager
· Mohamed Shafiq - Commercial
Manager
· Nour Al Houda - Sales
Manager
Date of
Establishment : Subject’s
operations date back to February 1985, however it was registered on
27th
April 1998
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 20102, Doha
Chamber Member No. : 3636
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder (s)
· Jamal El Sayed
Hashim
· Saleh Abdulrahman
Omar Al Remihi
· Firex for Safety
& Security Co
Doha
· Alite Kashmir Co
Doha
· Safetech
International Trading
Doha
· Safetech Trading
Co
Doha
Tel: (974)
44369605
Activities: Engaged in the import and distribution of sanitary ware and plumbing
products. Subject also acts as
plumbing and electrical contractors specialising in fire alarms and fire
fighting systems
Import Countries: Europe and the Far East.
International Suppliers:
· Ceramica Gomez Spain
· Triangle International United
Arab Emirates
· Al Qamr Electrical Equipment Qatar
Operating Trend: Steady
Subject has a workforce of approximately 160 employees.
Financial highlights provided by local sources are given below:
Currency: Qatari Riyals (QR)
Year
Ending 31/12/13: Year Ending
31/12/14:
Total Sales QR
30,000,000 QR
35,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by Mr Mahmoud Gassim, Financial Manager
·
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.
According to local sources, subject enjoys a good reputation for the
quality of its products with nothing detrimental uncovered regarding the manner
in which operations are conducted. As such the company is considered to be a
fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.82 |
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|
1 |
Rs.99.15 |
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Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ASH |
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.