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Report No. : |
331129 |
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Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
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Name : |
KLJ ORGANIC QATAR
WLL |
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Registered Office : |
Mesaieed Industrial City 16875 Doha |
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Country : |
Qatar |
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Date of Incorporation : |
28.10.2009 |
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Com. Reg. No.: |
4245, Doha |
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Legal Form : |
With Limited
Liability - WLL |
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Line of Business : |
Engaged in the
manufacture of chlorinated paraffin wax, caustic soda and hydrochloric acid. |
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No. of Employee : |
65 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
|
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.
|
Source
: CIA |
Company Name : KLJ
ORGANIC QATAR WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 28th
October 2009
Commercial
Registration Number : 4245, Doha
Chamber Membership
Number : 19944
Issued Capital : QR
2,000,000
Paid up Capital : QR
2,000,000
Total Workforce : 65
Activities :
Manufacture of chlorinated paraffin wax, caustic soda and hydrochloric acid
Financial Condition : Undetermined
Payments :
Unknown
KLJ ORGANIC QATAR
WLL
Location : Mesaieed Industrial City
PO Box : 16875
Town : Doha
Country : Qatar
Telephone : (974) 44831199
Facsimile : (974) 44887878
Mobile : (974) 33057940
Subject operates
from a medium sized suite of offices and a factory that are rented and located in
the Industrial Area of Doha.
Name Position
·
Manoj K General
Manager
·
Abdul
Latif Financial
Manager
Date of Establishment : 28th
October 2009
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 4245, Doha
Chamber Member No. : 19944
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
Name of Shareholder (s) Percentage
·
Qatar
Industrial Manufacturing Co (QIM) 51%
Qatar
·
KLJ
Organic Ltd 49%
India
Activities: Engaged in the manufacture of chlorinated
paraffin wax, caustic soda and hydrochloric acid.
Import
Countries: Europe and the
Far East
Subject has a
workforce of 65 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
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
Unknown
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.63.51 |
|
|
1 |
Rs.97.85 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
ANK |
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 |
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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 |
|
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 |
|
<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.