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Report No. : |
346439 |
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Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AL ANSARI TRADING EST |
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Registered Office : |
Gate No. 118, Street No. 35, Industrial Area, PO Box 12762 &
12262, Doha |
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Country : |
Qatar |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1954 |
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Com. Reg. No.: |
107 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject’s
activities are performed through the following divisions: ·
General Trading Division ·
Carpet Division ·
Building Materials Division ·
Real Estate Division |
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No. of Employees : |
20 |
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) |
|
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 :
AL ANSARI TRADING EST
Country of Origin :
Qatar
Legal Form :
Sole Proprietorship
Start Date :
1954
Registration Date :
1999
Commercial Registration Number :
107, Doha
Invested Capital : QR 150,000
Total Workforce :
20
Activities :
Subject operates several divisions (see below for details)
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person Interviewed :
K B Kebee, Accounts Manager
AL ANSARI TRADING EST
Registered &
Physical Address
Street : Gate No.
118, Street No. 35
Area : Industrial
Area
PO Box : 12762 &
12262
Town : Doha
Country : Qatar
Telephone : (974) 44604848
/ 44503092 / 44416165 / 44327821
Facsimile : (974) 44503091
/ 44604848
Mobile : (974)
55508920 / 55420512 / 77412667
Email : alansaritrading@qatar.net.qa / alansari@qatar.net.qa / alansaritradingqatar@gmail.com
Premises
Subject operates from a small suite of offices, a showroom and a
warehouse that are owned and located in the Industrial Area of Doha.
Name Position
Abdullah Ali Akbar Mohamed Al Ansar Proprietor
& General Manager
K B Kebee Accounts
Manager
Date of Establishment : 1954, however
subject re-registered in 1999
Legal Form : Sole
Proprietorship
Commercial Reg. No. : 107, Doha
Invested Capital : QR 150,000
Mr Abdullah Ali Akbar Mohamed Al Ansar is the sole proprietor of the
business.
Activities: Subject’s activities are performed through the following divisions:
General Trading
Division
Wholesalers and retailers of general foodstuff products.
Carpet Division
Wholesalers of carpets and other flooring materials.
Building Materials
Division
Distributors of building materials and construction equipment.
Real Estate
Division
Investment and property development
Import Countries: India and the United Arab Emirates
International Suppliers:
Nawaz Impex India
J & N Export India
Rashwell Co LLC Dubai,
United Arab Emirates
Kushi Trading Dubai,
United Arab Emirates
Operating Trend: Steady
Subject has a workforce of 20 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
29,600,000 QR
32,000,000
Local sources consider subject’s financial condition to be Fair.
The above figures were provided by K B Kebee, Accounts Manager
Qatar International Islamic Bank
PO Box: 664
Doha
Tel: (974) 44435535 / 44435548
Fax: (974) 44444101
No complaints regarding subject’s payments have been reported.
Local sources report that the subject’s operating history is clear with
payment obligations met in a generally timely manner. The financial position is
satisfactory and the business is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.95 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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.