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Report No. : |
312731 |
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Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
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Name : |
TADMUR TRADING
WLL |
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Registered Office : |
Salwa Road, Medmac R/A 37493 Doha |
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Country : |
Qatar |
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Date of Incorporation : |
02.04.2008 |
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Com. Reg. No.: |
38776, Doha |
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Legal Form : |
With Limited
Liability - WLL |
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Line of Business : |
Subject’s operations are performed through the following divisions: Architectural Division Engaged in the import and distribution of high quality engineering products for building Building
Materials Division Engaged in the import and distribution of building
materials Water System
Division Engaged in the import and distribution of water systems Home Appliance
Division Engaged in the import and distribution of home appliances HVAC Division Engaged in the import and distribution of heating and ventilation systems Fosroc
Construction Chemical Division Engaged in the import and distribution of construction chemicals Scientific &
Medical Supplies Division Engaged in the import and distribution of scientific and medical equipment. |
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No. of Employee : |
500 |
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. 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 nonassociated 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.
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Source
: CIA |
Company Name : TADMUR
TRADING WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 2nd
April 2008
Commercial
Registration Number : 38776,
Doha
Chamber Membership
Number : 15935
Issued Capital : QR
7,000,000
Paid up Capital : QR
7,000,000
Total Workforce : 500
Activities :
Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
TADMUR TRADING WLL
Location : Salwa Road, Medmac R/A
PO Box : 37493
Town : Doha
Country : Qatar
Telephone : (974) 44337000 / 44665501
Facsimile : (974) 44337100 / 44665502
Email : general@tadmur-trading.com
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Doha.
Name Nationality Position
·
Read
Mostafa Halawaah Jordanian Managing
Director
·
Zafer
Mostafa Halawaah Jordanian Director
·
Peter W
Van Herpe - Business
Development Manager
·
Heytham
El Esaway - Financial
Manager
Date of Establishment : 2nd
April 2008
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 38776, Doha
Chamber Member No. : 15935
Issued Capital : QR 7,000,000
Paid up Capital : QR 7,000,000
NAME OF SHAREHOLDER
(S)
·
Read
Mostafa Halawaah
·
Zafer Mostafa
Halawaah
·
Tadmur
Holding Co
Doha
Qatar
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Tadmur
Contracting
·
Takyeef
Electromechanical WLL
·
Roots
Energy & Engineering Services
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Tadmur
Roofs & Pools WLL
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Tadmur
Logistics WLL
·
Arabian
Supplies WLL
·
OCS
Qatar LLC
·
Norwood
Qatar
Activities: Subject’s operations are performed through
the following divisions:
·
Architectural Division
Engaged in the import and distribution of high quality engineering
products for building
·
Building Materials Division
Engaged in the import and distribution of building materials
·
Water System Division
Engaged
in the import and distribution of water systems
·
Home Appliance Division
Engaged
in the import and distribution of home appliances
·
HVAC Division
Engaged
in the import and distribution of heating and ventilation systems
·
Fosroc Construction Chemical Division
Engaged
in the import and distribution of construction chemicals
·
Scientific & Medical Supplies Division
Engaged in the import and distribution of scientific and medical
equipment.
Import
Countries: Europe and the
Far East
Subject has a
workforce of approximately 500 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.
·
Qatar
Islamic Bank
Al Khleej Insurance Building
Grand Hamad Avenue
PO Box: 559
Doha
Tel: (974) 44409409
Fax: (974) 44412700
No complaints regarding
subject’s payments have been reported.
According to local
sources, subject enjoys a good reputation for the quality of its products with
nothing detrimental uncovered regarding the manner in which operations are conducted.
As such the company is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
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|
1 |
Rs.92.99 |
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Euro |
1 |
Rs.66.37 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
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.