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Report No. : |
306906 |
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Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL COMPANY FOR FOODSTUFF AND LIVESTOCK WLL |
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Registered Office : |
Almana Tower, Mezzanine Floor, Suhaim Bin Hamad Street 7903 |
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Country : |
Qatar |
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Date of Incorporation : |
1974 |
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Com. Reg. No.: |
14265 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Engaged in the import and distribution of general foodstuffs and beverages, including poultry, meat, fish, edible oils, sauces, spices, rice, fruit, milk, tea, mineral water and fruit juices. |
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No of Employees : |
250 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
QATAR ECONOMIC OVERVIEW
Qatar has prospered in the last several years with continued high real GDP growth. Throughout the financial crisis Qatari authorities sought to protect the local banking sector, with direct investments into domestic banks. GDP is driven largely by changes in oil prices and by investment in the energy sector. Economic policy is focused on developing Qatar's non associated natural gas reserves and increasing private and foreign investment in non-energy sectors, but oil and gas still account for more than 50% of GDP, roughly 85% of export earnings, and 50% 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 57 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 is expected to open in mid-2014 with an annual passenger capacity of 24 million on initial opening and 50 million when complete.
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Source
: CIA |
Company Name : INTERNATIONAL COMPANY FOR FOODSTUFF AND LIVESTOCK
WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 1974
Commercial Registration Number : 14265
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
Total Workforce : 250
Activities : Distributors of general foodstuffs and beverages.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
INTERNATIONAL
COMPANY FOR FOODSTUFF AND LIVESTOCK WLL
Location : Almana Tower, Mezzanine Floor
Street : Suhaim Bin Hamad Street
PO Box : 7903
Town : Doha
Country : Qatar
Telephone : (974) 44415445 / 44440095
Facsimile : (974) 44421393
Mobile : (974) 55623101
Email : intrfood@qatar.net.qa
Subject operates
from a large suite of offices and a warehouse that are owned and located in the
Central Business Area of Doha.
Name Position
·
Ahmed
Mohammed Hussain Al Sayad Chairman
·
Mohamed
M Sherif Managing
Director
·
Shabeer
Shamsudeen General
Manager
·
Anil
Kumar Marketing
Manager
·
F K Rao Finance
Manager
·
Nigar
Sheikh Secretary
Date of Establishment : 1974
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 14265
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
Name of Shareholder
(s)
·
Ahmed
Mohammed Hussain Al Sayad
·
Mohamed
M Sherif
Activities: Engaged in the import and distribution of
general foodstuffs and beverages, including poultry, meat, fish, edible oils,
sauces, spices, rice, fruit, milk, tea, mineral water and fruit juices.
Import
Countries: Germany, Denmark,
Belgium, Netherlands, France, Austria, United Kingdom, India, Taiwan,
Malaysia, Singapore, Thailand, Australia, New Zealand and the United
States of America.
Subject has a
workforce of approximately 250 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.
·
Al Ahli
Bank of Qatar (QSC)
PO Box: 2309
Doha
Tel: (974) 44326611
Fax: (974) 44444652
·
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.
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. 62.20 |
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|
1 |
Rs. 95.99 |
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Euro |
1 |
Rs. 71.00 |
INFORMATION DETAILS
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Analysis Done by
: |
RSM |
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Report Prepared
by : |
DPT |
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.