|
Report No. : |
340580 |
|
Report Date : |
15.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENGINEERING
BUILDING MATERIALS CO WLL |
|
|
|
|
Registered Office : |
Al Ahli Bank Building, 2nd Floor, Wakalat Street, Industrial Area, P O Box: 8639, Doha |
|
|
|
|
Country : |
Qatar |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
15.12.1994 |
|
|
|
|
Com. Reg. No.: |
17167, Doha |
|
|
|
|
Legal Form : |
With Limited Liability - WLL |
|
|
|
|
Line of Business : |
Import and
distribution of building and construction materials and hardware, including
steel, timber, MDF, wire mesh, gypsum boards, false ceiling systems and
plastering accessories. |
|
|
|
|
No. of Employees : |
150 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 :
ENGINEERING BUILDING MATERIALS CO WLL
Country of Origin : Qatar
Legal Form :
With Limited Liability - WLL
Registration Date : 15th
December 1994
Commercial
Registration Number : 17167,
Doha
Chamber Membership
Number : 2339
Issued Capital : QR
200,000
Paid up Capital : QR
200,000
Total Workforce :
150
Activities :
Distributors of building and construction materials.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
ENGINEERING
BUILDING MATERIALS CO WLL
Location : Al Ahli Bank Building, 2nd
Floor
Street : Wakalat Street
Area : Industrial Area
PO Box : 8639
Town : Doha
Country : Qatar
Telephone : (974) 44603776 / 44602715 / 44199888
/ 44199826
Facsimile : (974) 44606521 / 44199887
Email : info@ebmcqatar.com / ebmco@qatar.net.qa
Subject operates
from a large suite of offices that are rented and located in the Industrial
Area of Doha.
Name Position
·
Mohamed
Al Hamad Al Mana Chairman
·
Hamad
Mohamed Al Hamad Al Mana Managing
Director
·
Abdulaziz
Mohamed Al Hamad Al Mana Director
·
Khalid
Mohamed Al Hamad Al Mana Director
·
Salem
Abu Zahra General
Manager
·
Saif
Abu Zahra Executive
Manager
·
Emad
Hamidah Chief
Finance Officer
·
Halim
Eid Commercial
Manager
Date of Establishment : 15th
December 1994
Legal Form :
With Limited Liability -
WLL
Commercial Reg. No. : 17167, Doha
Chamber Member No. : 2339
Issued Capital : QR 200,000
Paid up Capital : QR 200,000
Name of Shareholder
(s)
·
Mohamed
Al Hamad Al Mana
·
Hamad
Mohamed Al Hamad Al Mana
·
Abdulaziz
Mohamed Al Hamad Al Mana
·
Khalid
Mohamed Al Hamad Al Mana
·
Engineering
Rebars Factory
Doha
·
National
Metal Co WLL
Doha
·
Engineering
Building Materials Co LLC
Abu Dhabi
United Arab Emirates
Activities: Engaged in the import and distribution of building
and construction materials and hardware, including steel, timber, MDF, wire
mesh, gypsum boards, false ceiling systems and plastering accessories.
Import
Countries: Europe and the
Far East
Agencies Held:
·
Wilsonart
Laminates Qatar
Operating Trend: Steady
Subject has a
workforce of approximately 150 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 61,280,000 QR 63,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Doha
Bank Ltd
PO Box: 3818
Doha
Tel: (974) 44435444
Fax: (974) 44416631 / 44410625
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.66.37 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.75.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
NIT |
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.