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Report No. : |
310457 |
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Report Date : |
07.03.2015 |
IDENTIFICATION DETAILS
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Name : |
AL FEROZ
INTERNATIONAL TRADING WLL |
|
|
|
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Registered Office : |
Al
Handasa Street (B Ring Road),
Ghanim Qadeem, P O Box 22613, Doha |
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|
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Country : |
Qatar |
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|
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Financials (as on) : |
31.12.2014 (Estimated) |
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Date of Incorporation : |
08.12.2004 |
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Com. Reg. No.: |
29397, Doha |
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Legal Form : |
With Limited Liability |
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Line of Business : |
Engaged in the import and distribution of Building Materials, Tools, Safety Products,
Waterproofing Materials, Construction Chemicals, Manhole Covers and PPE products |
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No of Employees : |
45 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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 |
Company Name : AL FEROZ INTERNATIONAL TRADING WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 8th December 2004
Commercial Registration Number : 29397, Doha
National ID Number : 12000600
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Total Workforce : 45
Activities : Distributors of building materials, tools, safety products, waterproofing
materials, construction chemicals, manhole covers and PPE products.
Financial Condition : Fair
Payments : No Complaints
Operating Trend : Steady
Person Interviewed : Allam Gir, Financial Controller
AL FEROZ INTERNATIONAL TRADING WLL
Registered &
Physical Address
Street : Al Handasa
Street (B Ring Road)
Area : Ghanim Qadeem
PO Box : 22613
Town : Doha
Country : Qatar
Telephone : (974) 44321909
/ 44425722 / 44372551 / 44321933 / 44351343
Facsimile : (974) 44321933
Mobile : (974) 55563696
Email : alferoz@qatar.net.qa / info@alferozqatar.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Suburban Business Area of Doha.
Branch Offices
Location Description
·
PO Box:
28412 Showroom
premises
Doha
Tel: (974) 44329578
Fax: (974) 44321688
·
Wakra
Area Showroom
premises
Doha
Tel: (974) 44151729
·
Al
Khoor Area Showroom
premises
Doha
Tel: (974) 44721256
·
Industrial
Area Showroom
premises
Street No. 2
Doha
Tel: (974) 44504608
·
Industrial
Area Store Showroom
premises
Street No. 38
Doha
Tel: (974) 44501316
·
Industrial
Area Showroom
premises
Doha
Tel: (974) 44505872
Name Position
·
Mohamed Sultan Al Jaber Managing
Director
·
Mohamed Saif Khan General
Manager
·
Sabir
Khan Assistant
General Manager
·
Nasser
Saif Khan Sales
Manager
·
Allam
Gir Financial
Controller
Date of Establishment : 8th
December 2004
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 29397, Doha
National
ID No. : 12000600
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Mohamed Sultan Al Jaber
·
Al Jaber Group
Museum Street (C Ring Road)
PO Box: 1120 & 22628
Doha
Qatar
Tel: (974) 44372551 / 44375940
Fax: (974) 44373907
Subject is a member of the Al Jaber Group, which has operations dating
back to 1976 and developed from a single building company into a group of over
30 companies, employing over 4,000 people.
The group has
diversified and grown into one of the largest providers of products, equipment,
manpower and related services to the Oil, Gas, Petrochemical, Water &
Electricity and Infrastructure sectors in Qatar.
The Al Jaber Group comprises
the following concerns:
·
Al
Jaber Trading & Contracting Co WLL
·
Al
Jaber Engineering Co
·
Panorama
Contracting & Engineering Services
·
Expanded
Metal Manufacturing Co. (Exmet)
·
Qatar
Gypsum Products Industry (QGIPS)
·
Confidence
Swimming Pools
·
Confidence
Engineering Development
·
International
Engineering & General Contracting Co
·
Al
Jaber Steel Co
·
Arab
Industrial Gas Distribution Co
·
Qatar
Plastic Additives (QADCO)
·
Qatar
Lease
·
Confidence
Equipment and Transportation
·
Al
Jaber Decoration Co
·
Lebanese
Palace
·
International
Stainless Steel WLL (ZASH)
·
Confidence
Medical Care
·
International
Medical
·
Mamco
Contracting
·
Al Read
Contracting
·
Abascus
School
·
Orient
Marine Services
·
Cedar
Tutorials
·
DTM
·
Unicon WLL
Activities: Engaged in the import and distribution of
building materials, tools, safety products, waterproofing materials,
construction chemicals, manhole covers and PPE products.
Import
Countries: Germany, United
Kingdom, United States of America, India, Singapore, Saudi Arabia, Italy and
the United Arab Emirates
International
Suppliers:
·
AG
Power Tools Germany
·
Kings
Safety Products Singapore
·
Al
Fanar Saudi
Arabia
· Pacific United
Arab Emirates
· Zenith Water Heater Dubai, United Arab Emirates
· Alyaf Co Saudi
Arabia
· Gewiss Italy
· Wrexham Cable United Kingdom
· GFC Fans Pakistan
· Hotace Oman
· Krace & Cable Oman
· Capron Singapore
· Farter Spain
· Denson India
· Eland United
Kingdom
· Eletra Saudi
Arabia
Brand Names: ELETRA, GEWISS,
ALF, ELAND, DENSON, WREXHAM, KRACE, CAPRON, FRATER, HOTACE, GFC, AEG, WALTER,
NOOCHI, FAIRBANKS MORSE, AMAN, KINGS, DUPROOF, POLYWED, STAR ADHESIVE and CRESCENT
Operating Trend: Steady
Subject has a
workforce of 45 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 18,350,000 QR 19,100,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Qatar
International Islamic Bank
PO Box: 664
Doha
Tel: (974) 44435535 / 44435548
Fax: (974) 44444101
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 |
|
UK Pound |
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
-- |
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.