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Report No. : |
325420 |
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Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
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Name : |
ATLAL AL KHALEEJ TRADING & DECOR CO WLL |
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Registered Office : |
Street No.4, Gate
No. 54, Najma Industrial Area, Suq Haraj, PO Box No.: 13575, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
21.07.1987 |
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Com. Reg. No.: |
19401 |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Subject is
engaged in the import and distribution of building materials, ceramics and
marble. |
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No. of Employees : |
40 |
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 |
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 : ATLAL AL
KHALEEJ TRADING & DECOR CO WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 21st
July 1987
Commercial
Registration Number : 19401,
Doha
Issued Capital : QR
1,500,000
Paid up Capital : QR
1,500,000
Total Workforce : 40
Activities :
Distributors of building materials, ceramics and marble.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Ahmed Hussain,
Sales Manager
ATLAL AL KHALEEJ TRADING & DECOR CO WLL
Street : Street No.4, Gate No. 54
Area : Najma Industrial Area, Suq
Haraj
PO Box : 13575
Town : Doha
Country : Qatar
Telephone : (974) 44424914 / 44424915 / 44602068
Facsimile : (974) 44602068 / 44365072
Mobile : (974) 55534026
Email : atlalalkhaleejco@yahoo.com
Please note that
the correct PO Box number is 13575 and not 10575.
Subject operates from
a medium sized suite of offices and a workshop that are rented and located in
the Industrial Area of Doha.
Branch Office
(s)
Location Description
·
Souq Al
Heraj Office
premises
Doha
Tel: (974) 44424914 / 44424915
Fax: (974) 44365072
·
Faraj
Ghanem Office
premises
Doha
Tel: (974) 44415317
Name Nationality Position
·
Hussain
Ahmed Mohamed Abdullah Qatari Managing Director
·
Talal
Bin Hussain Ahmed Mohamed Abdullah Qatari Director
·
Mohamed
Galal Mohamed Baqir - General
Manager
·
Ahmed
Hussain - Sales
Manager
Date of Establishment : 21st
July 1987
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 19401, Doha
Issued Capital : QR 1,500,000
Paid up Capital : QR 1,500,000
Name of
Shareholder (s)
·
Hussain
Ahmed Mohamed Abdullah
·
Talal
Bin Hussain Ahmed Mohamed Abdullah
Activities: Engaged in the import and distribution of
building materials, ceramics and marble.
Import Countries: Malaysia, Indonesia, India and Canada.
International Suppliers:
·
Cyber Ceramic India
·
Somany Ceramic India
·
Sabr India
Operating Trend: Steady
Subject has a
workforce of 40 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 16,375,000 QR 16,920,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Bank
Saderat Iran
PO Box: 2256
Doha
Tel: (974) 44430346 / 44430344
Fax: (974) 44430121
·
United
Bank Ltd
PO Box: 242
Doha
Tel: (974) 44438666 / 44424900
Fax: (974) 44424600
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.63.90 |
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|
1 |
Rs.97.97 |
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Euro |
1 |
Rs.71.82 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
VNT |
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.