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Report No. : |
327755 |
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Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
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Name : |
GULF LINK COMMERCIAL INDUSTRIAL SERVICES CO WLL |
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Registered Office : |
Salwa Road, Central Market, PO Box: 4900, Doha |
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Country : |
Qatar |
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Date of Incorporation : |
01.01.1991 |
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Com. Reg. No.: |
15506, Doha |
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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 seeds,
fertilisers and chemicals |
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No. of Employee : |
15 |
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
|
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.
|
Source
: CIA |
Company Name :
GULF LINK COMMERCIAL INDUSTRIAL SERVICES CO WLL
Country of Origin :
Qatar
Legal Form :
With Limited Liability - WLL
Registration Date :
1st January 1991
Commercial Registration Number :
15506, Doha
Chamber Membership Number :
1520
Issued Capital :
QR 200,000
Paid up Capital :
QR 200,000
Total Workforce :
15
Activities :
Distributors of seeds, fertilisers and chemicals
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
Ibrahim Deeb, General Manager
GULF LINK
COMMERCIAL INDUSTRIAL SERVICES CO WLL
Street : Salwa Road
Area : Central
Market
PO Box : 4900
Town : Doha
Country : Qatar
Telephone : (974) 44214947
Facsimile : (974) 44214947
Mobile : (974)
66105110
Email : ibrahimdeeb@gmail.com
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Doha.
Name Nationality Position
· Ahmed Mohamed Al
Farhani Qatari Managing
Director
· Mohamed Hamd Al
Farhani Qatari Director
· Gego Joseph Indian Director
· Wadi Gobani Indian Director
· Ibrahim Deeb - General
Manager
Date of
Establishment : 1st
January 1991
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 15506, Doha
Chamber Member No. : 1520
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
· Ahmed Mohamed Al
Farhani
· Mohamed Hamd Al
Farhani
· Gego Joseph
· Wadi Gobani
Activities: Engaged in the import and distribution of seeds, fertilisers and
chemicals.
Import Countries: Europe and the Far East
Operating Trend: Steady
Subject has a workforce of 15 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
8,760,000 QR
9,100,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
HSBC Bank Middle East
Abdulla Bin Jassim Street
PO Box: 57
Doha
Tel: (974) 44423124
Fax: (974)
44416353
No complaints regarding subject’s payments have been reported.
Please note that the correct name of the subject is “Gulf Link
Commercial Industrial Services Co WLL” and not “Gulf Links and Trading Company”.
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.63.51 |
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|
1 |
Rs.100.94 |
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Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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.