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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

486478

Report Date :

23.01.2018

 

IDENTIFICATION DETAILS

 

Name :

GULF FOOD PRODUCTION (RAWA)

 

 

Registered Office :

Street No. 9 New Industrial Area, Doha, Qatar, 2050

 

 

Country :

Qatar

 

 

Date of Incorporation :

2014

 

 

Com. Reg. No.:

16-06-79

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Subject Engaged in the production of fruit juice and milk

 

 

No. of Employees :

200

 

 

RATING & COMMENTS

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

 

MIRA’s Rating :

A

 

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

A2

A2

 

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 Abudget deficit in 2017 of 8.1% 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

 

 

IDENTIFICATION & CONTACT DETAILS

1) Name (s):

Organization Official Name

:

GULF FOOD PRODUCTION (RAWA)

 

2) Registered Address:

Address

:

Street No. 9 New Industrial Area

Town

:

Doha

Country

:

Qatar

PO Box

:

2050

Phone (s)

:

(974) 44465231 / 44323571

Facsimile

:

(974) 44418378

Mobile

:

(974) 33874087

Email

 

info@gulffoodproduction.com

 

3) Operational Address & Contact Details:

Address

:

Street No. 9 New Industrial Area

Town

:

Doha

Country

:

Qatar

PO Box

:

2050

Phone (s)

:

(974) 44465231 / 44323571

Facsimile

:

(974) 44418378

Mobile

:

(974) 33874087

Email

 

info@gulffoodproduction.com

 

LEGAL FORM & INCORPORATION (REGISTRATION) DETAILS

 

Legal Form - Category

:

Sole Proprietorship

Date of Registration

:

2014

Commercial Registration Number

:

16-06-79

Note:

Mr Mohamed Bin Jassim Al Kuwari is the sole proprietor of the business.

 

KEY FACTS

 

Operational Status

:

Normal

Financial Condition

:

Undetermined

Primary Business Activity

:

Producers of fruit juice and milk

Number of Employees

:

200

Production Capacity

:

240,000 litres per day

Invested Capital

:

QR 200,000

Note:

Engaged in the production of fruit juice and milk. Subject services the local markets as well as Qatar Airways and other government entities.Gulf Food Production will start shipping the cows from Germany and Australia in mid-2018 to a   500,000 square mile dairy farm.

 

FINANCIAL DATA

 

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.

 

BANKERS

 

1

Name

Doha Bank Ltd

 

Address

3818 Doha

 

Tel

(974) 44435444

 

Fax

(974) 44416631 / 44410625

 

SENIOR MANAGEMENT

 

Sr.No

Name

Designation

1

Mohamed Bin Jassim Al Kuwari

Proprietor

2

Yahiya Boujema 

Factory Manager

3

Kawther Takhteti  

Commercial Manager

 

BRNAD NAMES

 

Sr.No

Name

1

RAWA

 

PREMISES

 

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

 

PAYMENT

 

No complaints regarding subject’s payments have been reported.

 

ADVERSE DATA

 

Performance Defaults

:

No record found

Payment Defaults

:

No record found

Adverse Press Coverage

:

No record found

Litigations

:

No record found

Former Business Relationships

:

No record found

 

INVESTIGATOR'S COMMENTS

 

Person Interviewed   : Yahiya Boujema, Factory Manager

Please note that the correct name of the subject is “Gulf Food Production (RAWA)” and not “Gulf Food Production WLL A/T/T Rawa”.

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 business is considered to be a fair trade risk.

 
 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 63.89

UK Pound

1

INR 88.59

Euro

1

INR 78.12

QAR

1

INR 17.52

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRA

 

 

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.