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Report No. : |
303525 |
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Report Date : |
24.01.2015 |
IDENTIFICATION DETAILS
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Name : |
AL RISHAN FOOD
STUFF |
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|
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Registered Office : |
Umm Selalal Mohamed
Area, P O Box 19431, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
01.06.2014 |
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Com. Reg. No.: |
66755 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the import and distribution of Dried Foodstuff, Rice, Lentils and Spices. |
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No of Employees : |
05 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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. 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.
|
Source
: CIA |
Concern Name : AL RISHAN FOOD STUFF
Country of Origin : Qatar
Legal Form : Sole Proprietorship
Registration Date : 1st June 2014
Commercial Registration Number : 66755
Chamber Membership Number : 37266
Invested Capital : QR 20,000
Total Workforce : 5
Activities : Import and distribution of dried foodstuff, rice, lentils and spices
Financial Condition : Undetermined
Payments : No Complaints
AL RISHAN FOOD STUFF
Registered &
Physical Address
Location : Umm Selalal Mohamed Area
PO Box : 19431
Town : Doha
Country : Qatar
Telephone : (974) 44143653
Facsimile : (974) 44982801 / 44982501
Mobile : (974) 55877277
Email : rishanfoods@gmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of Doha.
Name Nationality Position
·
Abu
Baker Mital Brambit Indian Proprietor
& General Manager
·
Abdul
Hameed TK - Assistant
General Manager
·
Mohamed
Zakaria - Sales
Executive
Date of Establishment : 1st
June 2014
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 66755
Chamber Member No. : 37266
Invested Capital
: QR 20,000
Mr Abu Baker Mital
Brambit is the sole proprietor of the business. Mr Abu Baker Mital Brambit is
an Indian national who operates in Qatar under the local sponsorship of Mr
Mubarak Mohamed Abdullah Mohamed Al Saada.
Activities: Engaged in the import and distribution of
dried foodstuff, rice, lentils and spices.
Import
Countries: India, Vietnam
and Thailand
Subject has a
workforce of 5 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
Mashreq
Bank
PO Box: 173
Doha
Tel: (974) 44413213 / 44414932
No complaints
regarding subject’s payments have been reported.
In view of subject’s
infancy, extensive payment and financial are not available, therefore dealings
are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
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UK Pound |
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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|
|
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
-- |
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.