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Report No. : |
335478 |
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Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
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Name : |
COCA COLA AL MANA WLL |
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Registered Office : |
Street No. 3, Industrial Area, P O Box: 491 & 40738, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
22.03.2006 |
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Com. Reg. No.: |
32736, Doha |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Subject is
engaged in the production and bottling of water. |
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No. of Employees : |
200 |
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
|
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 : COCA COLA AL MANA WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 22nd
March 2006
Commercial
Registration Number : 32736, Doha
Issued Capital : U$
1,000,000
Paid up Capital : U$
1,000,000
Total Workforce : 200
Activities :
Production and bottling of water
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Person Interviewed : Ghanesh Ayer, Chief Financial Officer
COCA COLA AL MANA WLL
Street : Street No. 3
Area : Industrial Area
PO Box : 491 & 40738
Town : Doha
Country : Qatar
Telephone : (974) 44601479
Facsimile : (974) 44489002 / 44600137
Mobile : (974) 66148352
Email : kvrajan@coca-cola.com.bh / malwaraki@coco-cola.com.qa
Subject operates
from a large suite of offices and a factory that are rented and located in the
Industrial Area of Doha.
Name Position
·
Mohamed Aqeel Managing
Director
·
Mohamed Abdullah Al Waraki Regional
Manager
·
Ghanesh Ayer Chief
Financial Officer
·
K V
Rajan Human
Resources Manager
Date of Establishment : 22nd
March 2006
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 32736, Doha
Issued Capital : U$ 1,000,000
Paid up Capital : U$ 1,000,000
Name of Shareholder
(s) Percentage
·
Al Mana
Trading Co 51%
Doha
·
Atlantic
Industries 49%
Cayman Islands
Activities: Engaged in the production and bottling of
water. Subject will begin producing Coca Cola in October 2015.
Import
Countries: Europe and the
Far East
Subject has a
workforce of approximately 200 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.
·
Doha
Bank Ltd
Mushaireb
PO Box: 2822
Doha
Tel: (974) 4437555
Fax: (974) 4436868
No complaints
regarding subject’s payments have been reported.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
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|
1 |
Rs.98.76 |
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Euro |
1 |
Rs.69.80 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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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.