|
Report No. : |
335736 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
AL JABOR TRADING WLL |
|
|
|
|
Registered Office : |
Al Mansorah Street, C Ring Road, PO Box: 295 Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
01.01.1991 |
|
|
|
|
Com. Reg. No.: |
35, Doha |
|
|
|
|
Legal Form : |
With Limited Liability – WLL |
|
|
|
|
Line of Business : |
Subject’s operations are performed through the following divisions:
Sanitary Ware Division, Swimming Pool Division, Building Materials Division,
Dewatering Division |
|
|
|
|
No. of Employee : |
220 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 :
AL JABOR TRADING WLL
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date :
1st January 1991
Commercial Registration Number :
35, Doha
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
220
Activities :
Subject operates several divisions (see below for details)
Financial Condition :
Good
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
AL JABOR TRADING WLL
Registered &
Physical Address
Location : Al Mansorah
Street, C Ring Road
PO Box : 295
Town : Doha
Country : Qatar
Telephone : (974) 44328500 /
44328501 / 44328502
Facsimile : (974) 44445543
Email : info@aljabor.com.qa
/ info@aljabortrading.com
/ naithani@qatar.net.qa
Premises
Subject operates from a large suite of offices and a warehouse that are
rented and located in the Central Business Area of Doha.
Name Position
Sheikh Jabor Bin Mohamed Al Thani Managing
Director
Khalifa Bin Jabor Bin Mohamed Al Thani Director
Saif Sarwar Hussain General
Manager
Sharaf Eddine Mohamed Finance
Manager
Shelpy Mathews Sales
Manager (Building Materials Division)
Augustine Menana Sales
Manager (Sanitary Ware Division)
Date of Establishment : 1st
January 1991
Legal Form : With Limited
Liability - WLL
Commercial Reg. No. : 35, Doha
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of
Shareholder (s)
Sheikh Jabor Bin Mohamed Al Thani
Khalifa Bin Jabor Bin Mohamed Al Thani
Activities: Subject’s operations are performed through the following divisions:
Sanitary Ware
Division
Engaged in the import and distribution of sanitary ware products,
ceramic and tiles.
Swimming Pool
Division
Engaged as swimming pool maintenance contractors.
Building Materials
Division
Engaged in the import and distribution of building materials.
Dewatering
Division
Engaged in the provision of dewatering services.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of approximately 220 employees.
Financial highlights provided by local sources are given below:
Currency: United States Dollars (US$)
Year
Ending 31/12/13: Year Ending
31/12/14:
Total Sales US$
64,800,000 US$ 70,000,000
Local sources consider subject’s financial condition to be Good.
The above financial figures are based on estimations by our local
sources.
Qatar National Bank
Musheireb
PO Box: 1818
Doha
Tel: (974) 44423643
Fax: (974) 44415021
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.63.81 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.