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Report No. : |
336383 |
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Report Date : |
17.08.2015 |
IDENTIFICATION DETAILS
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Name : |
AL BAYAN
ELECTROMECHANICAL |
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Registered Office : |
Building No. 4, Shop No. 4, Barwa Village, P O Box: 8161, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
17.12.1996 |
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Com. Reg. No.: |
12054/8 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Providers of
Electromechanical Services, Fire-Fighting Systems, Wiring and
Electromechanical Solutions. |
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No. of Employees : |
35 |
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 BAYAN
ELECTROMECHANICAL
Country of Origin : Qatar
Legal Form :
Sole Proprietorship
Registration Date : 17th
December 1996
Commercial
Registration Number : 12054/8
Invested Capital : QR 100,000
Total Workforce : 35
Activities :
Providers of electromechanical services, fire-fighting systems,
wiring and electromechanical solutions
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
AL BAYAN
ELECTROMECHANICAL
Building : Building No. 4, Shop No. 4
Area : Barwa Village
PO Box : 8161
Town : Doha
Country : Qatar
Telephone :
(974) 44632364
Facsimile : (974) 44632364
Mobile : (974) 55809354
Email : albayan.elec.mech@gmail.com
Please note that
subject’s previous address was, Al Wakrah, Doha.
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Doha.
Name Nationality Position
·
Abdul
Karim Harb Jordanian Proprietor
& General Manager
·
Ali
Mohamed G M Al Qubaisi Qatari Local
Sponsor
Date of Establishment : 17th
December 1996
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 12054/8
Invested Capital
: QR 100,000
Mr Abdul Karim Harb
is the sole proprietor of the business.
Activities: Engaged in the provision of
electromechanical services, fire-fighting systems, wiring and
electromechanical solutions.
Operating Trend: Steady
Subject has a
workforce of 35 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 16,125,000 QR 16,600,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Doha
Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
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
business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.92 |
|
|
1 |
Rs.101.44 |
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Euro |
1 |
Rs.72.26 |
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.