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Report No. : |
350948 |
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Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
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Name : |
QATAR NATIONAL IMPORT
AND EXPORT COMPANY WLL |
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Registered Office : |
Old Airport Road, Matar Al Qadeem, P O Box: 490, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1964, however subject
was registered on 1st January 1991 |
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Com. Reg. No.: |
1836, 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: ·
General Foodstuff Division Engaged in the import and distribution of general foodstuffs. ·
Meat Division Engaged in the import and distribution of fresh and frozen meat. ·
Sea Food Division Engaged in the import and distribution of fresh and frozen sea food. ·
Poultry Division Engaged in the
import and distribution of poultry products. |
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No. of Employees : |
890 |
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 : |
Regular |
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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 |
|
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 : QATAR NATIONAL IMPORT AND EXPORT
COMPANY WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability – WLL
Start Date :
1964
Registration Date : 1st
January 1991
Commercial
Registration Number : 1836, Doha
Chamber Membership
Number : 32/1
Issued Capital : QR
2,000,000
Paid up Capital : QR
2,000,000
Total Workforce : 890
Activities :
Subject operates several divisions (see below for details)
Financial Condition : Good
Payments :
Regular
Operating Trend : Steady
Person Interviewed : Ahmed Deraz,
Finance Manager
QATAR NATIONAL
IMPORT AND EXPORT COMPANY WLL
Street : Old Airport Road
Area : Matar Al Qadeem
PO Box : 490
Town : Doha
Country : Qatar
Telephone : (974) 44562150 / 44651154 / 2222544 66126544 11226544 22226544 92815644
Facsimile : (974) 44653376 / 499226544 3943564
Email : info@qnie.com
Subject operates
from a large suite of offices and a warehouse that are rented and located in
the Suburban Business Area of Doha.
Branch Office
(s)
Subject operates a number of supermarkets located throughout Doha.
Name Position
·
Faisal
Fahd Jassim Al Thani Managing
Director
·
Ghanim
Saad Al Saad Al Thani Director
·
Ahmed
Khan Chief Executive Officer
·
dilaW Ihsan imayihK lA General
Manager
·
Mohamed
Saleem Marketing
Manager
·
Ahmed
Deraz Finance
Manager
·
Sajit
Sam Sarkary Commercial
Manager
Date of Establishment : 1964, however
subject was registered on 1st January 1991
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 1836, Doha
Chamber Member No. : 32/1
Issued Capital : QR 2,000,000
Paid up Capital : QR 2,000,000
·
Faisal
Fahd Jassim Al Thani 50%
·
Ghanim
Saad Al Saad Al Thani 50%
·
Arla
Food Qatar WLL
Doha
·
Al Afaq
Fresh Fruit & Vegetable
Doha
·
Al Afaq
Real Estate Investment
Doha
·
Al Nama
Real Estate Investment
Doha
·
Ghanim Bin Saad Al Saad & Sons Group
PO Box: 4219
Doha
Tel: (974)
44990000
Fax: (974)
44995001
Activities: Subject’s operations are
performed through the following divisions:
·
General Foodstuff Division
Engaged in the import and
distribution of general foodstuffs.
·
Meat Division
Engaged in the import and
distribution of fresh and frozen meat.
·
Sea Food Division
Engaged in the import and
distribution of fresh and frozen sea food.
·
Poultry Division
Engaged in the import and distribution of poultry products.
Import
Countries: Denmark,
Netherlands and India
Brand Names: SADIA,
MCCAIN, AMERICANA, GULFA, BONDUELLE, NAWAR, ZWAN, LURPAK, PANZANI, LOCK &
LOCK, MUMTAZ, CAMPINA, PRIDE, FINO, PURATOS, BETTY CROCKER, ACTIVIA, TATA,
COOLY and GREEN GIANT
Operating Trend: Steady
Subject has a
workforce of approximately 890 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 1,160,000,000 QR 1,335,000,000
Local sources
consider subject’s financial condition to be Good.
The above financial
figures are based on estimations by our local sources.
·
United
Bank Ltd
PO Box: 242
Doha
Tel: (974) 44438666 / 44424900
Fax: (974) 44424600
Regular
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.66.35 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
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Analysis Done by
: |
KIN |
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Report Prepared
by : |
NIT |
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.