3decades

MIRA INFORM REPORT

Report No. :	485375
Report Date :	12.01.2018

IDENTIFICATION DETAILS

Name :	INTEGRAL SERVICES CO WLL

Registered Office :	Airport Road (D Ring Road), 18759, Doha

Country :	Qatar

Financials (as on) :	31.12.2016

Date of Incorporation :	20.02.2005

Com. Reg. No.:	29863

Legal Form :	With Limited Liability - WLL

Line of Business :	Subject is Engaged in the manufacturing and supply of uniforms, coveralls, linen, towels, glass cloth, flags screen-printing, embroidery, suits, polo shirts, T-shirts, caps, security items and gift promotion items

No. of Employees :	170

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

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

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Qatar

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

QATAR - ECONOMIC OVERVIEW

Qatar’s oil and natural gas resources are the country’s main economic engine and government revenue source, driving Qatar’s high economic growth and per capita income levels, robust state spending on public entitlements, and booming construction spending, particularly as Qatar prepares to host the World Cup in 2022. Although the government has maintained high capital spending levels for ongoing infrastructure projects, low oil and natural gas prices in recent years have led the Qatari Government to tighten some spending to help stem a $12 billion budget deficit in 2016 - 7.8% of GDP.

Qatar’s reliance on oil and natural gas is likely to persist for the foreseeable future. Proved natural gas reserves exceed 25 trillion cubic meters - 13% of the world total and, among countries, third largest in the world. Proved oil reserves exceed 25 billion barrels, allowing production to continue at current levels for about 56 years. Despite the dominance of oil and natural gas, Qatar has made significant gains in strengthening non-oil sectors, such as manufacturing, construction, and financial services, leading non-oil GDP to steadily rise in recent years to just over half the total.

Source : CIA

SUMMARY

Company Name : INTEGRAL SERVICES CO WLL

Country of Origin : Qatar

Legal Form : With Limited Liability - WLL

Registration Date : 20^th February 2005

Commercial Registration Number : 29863, Doha

Chamber Membership Number : 9500

Issued Capital : QR 1,000,000

Paid up Capital : QR 1,000,000

Total Workforce : 170

Activities : Manufacturing and supply of uniforms, coveralls, linen, towels, glass cloth, flags screen-printing, embroidery, suits, polo shirts,

T-shirts, caps, security items and gift promotion items

Financial Condition : Fair

Payments : No Complaints

Operating Trend : Steady

COMPANY NAME

INTEGRAL SERVICES CO WLL

ADDRESS

Registered & Physical Address

Location : Airport Road (D Ring Road)

PO Box : 18759

Town : Doha

Country : Qatar

Telephone : (974) 44461331 / 44462133 / 44621441 / 44621331

Facsimile : (974) 44621001

Email : integral@qatar.net.qa / info@integraluniforms.com

Premises

Subject operates from a large suite of offices and a factory that are owned and located in the Industrial Area of Doha.

KEY PRINCIPALS

Name Nationality Position

· Sadiq Hussain Pakistani Managing Director

· Hashem Abdullah Mostafawi Qatari Director

· Sheikh Hamad Jassim M A Al Thani Qatari Director

· Prakash Noranaha - General Manager

· Naleen Priyanta - Accounts Manager

· Shehzad Kundapora - Procurement Manager

LEGAL FORM & OWNERS

Date of Establishment : 20^th February 2005

Legal Form : With Limited Liability - WLL

Commercial Reg. No. : 29863, Doha

Chamber Member No. : 9500

Issued Capital : QR 1,000,000

Paid up Capital : QR 1,000,000

Name of Shareholder (s)

· Sadiq Hussain

· Hashem Abdullah Mostafawi

· Sheikh Hamad Jassim M A Al Thani

OPERATIONS

Activities: Engaged in the manufacturing and supply of uniforms, coveralls, linen, towels, glass cloth, flags screen-printing, embroidery, suits, polo shirts, T-shirts, caps, security items and gift promotion items.

Import Countries: India and Pakistan

Operating Trend: Steady

Subject has a workforce of approximately 170 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Qatari Riyals (QR)

Year Ending 31/12/16: Year Ending 31/12/17:

Total sales QR 53,400,000 QR 55,000,000

Local sources consider subject’s financial condition to be Fair.

The above financial figures are based on estimations by our local sources.

BANKERS

· Commercial Bank of Qatar Ltd (QSC)

Salwa Road

PO Box: 3232

Doha

Tel: (974) 44428686

Fax: (974) 44428734

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

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	INR 63.74
UK Pound	1	INR 86.01
Euro	1	INR 76.14
QAR	1	INR 17.46

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.