MIRA
INFORM REPORT
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Report Date : |
23.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
AHMED
MANSOOR AL A ALI CO. BSCC |
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Registered Office : |
Building
146, Sheikh Salman Highway, Salihiya 356, P O Box 778, Manama |
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Country : |
Bahrain |
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Date of Incorporation : |
1981 |
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Com. Reg. No.: |
571, Manama |
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Legal Form : |
Bahraini Shareholding Company – Closed (BSCC) |
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Line of Business : |
Structural
steelwork fabrication and erection, equipment and pipework erection and
installation as well as tank and vessel fabrication and erection. Engaged as general construction contractors. Engaged in real estate investment, development and
management. Shipping agents offering cargo clearing and forwarding services. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 800,000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
SUMMARY
Company Name : AHMED MANSOOR AL A ALI CO. BSCC
Country of Origin : Bahrain
Legal Form : Bahraini Shareholding Company – Closed (BSCC)
Registration Date : 1981
Commercial Registration Number : 571, Manama
Authorised Capital : BD 10,000,000
Issued Capital : BD 5,000,000
Paid up Capital : BD 5,000,000
Total Workforce : 3,000
Line of Business : Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
AHMED
MANSOOR AL A ALI CO. BSCC
ADDRESS
Registered & Physical Address
Building : Building
146
Street : Sheikh
Salman Highway
Area : Salihiya
356
PO Box : 778
Town : Manama
Country : Bahrain
Telephone : (973-17) 250521
/ 231527 / 274487
Facsimile : (973-17) 262323
Email : alaali@alaali.com
Premises
Subject operates
from a large suite of offices that are owned and located in the Suburban Business
Area of Manama.
KEY PRINCIPALS
·
Ahmed Mansoor
Al A Ali Managing
Director
·
Jalal Ahmed
Mansoor Al A Ali Director
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Hassan
Abdulaziz Al A Ali Director
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Tawic Al A Ali Director
·
Ammar Al A Ali Director
·
Maitham Al A
Ali Director
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Ahmed Faris Commercial
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1984
Legal Form :
Bahraini Shareholding
Company – Closed (BSCC)
Commercial Reg. No. : 571, Manama
Authorised
Capital : BD 10,000,000
Issued Capital : BD
5,000,000
Paid up Capital : BD 5,000,000
Name of Shareholder
(s)
·
Ahmed Mansoor
Al A Ali Managing
Director
·
Jalal Ahmed
Mansoor Al A Ali Director
·
Hassan
Abdulaziz Al A Ali Director
·
Tawic Al A Ali Director
·
Ammar Al A Ali Director
·
Maitham Al A
Ali Director
LINE OF BUSINESS
Operations : Subject’s activities are performed through
the following divisions:
·
Structural and Mechanical Division
This division specialises in structural
steelwork fabrication and erection, equipment and pipework erection and
installation as well as tank and vessel fabrication and erection. It has a
capacity of 500 tonnes per month.
·
Construction Division
Engaged as general
construction contractors.
·
Properties Division
Engaged in real
estate investment, development and management.
· Clearing & Forwarding
Division
Shipping agents offering cargo
clearing and forwarding services.
Subject’s
principal clients include, Ministry of Works and Agriculture, Ministry of
Electricity & Water, Aluminium Bahrain BSCC, Bahrain Petroleum Co, Gulf
Petrochemical Industries Co. BSC, Bahrain National Gas Co, & Bahrain
National Oil Co.
Import Countries
: Germany, France, United
Kingdom, Japan, India and the United States of America.
Subject has a
workforce of approximately 3,000 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in Bahrain are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
Bank of
Bahrain & Kuwait
43 Government Avenue
PO Box : 597
Manama
Tel : (973-17) 253388
Fax : (973-17) 275785
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Bahraini Saudi
Bank BSC
Al Sadah Building
Government Avenue
PO Box : 1159
Manama
Tel : (973-17) 211010
Fax : (973-17) 210989
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National Bank
of Bahrain BSC
NBB Tower
Government Road
PO Box : 106
Manama
Tel : (973-17) 258800
Fax : (973-17) 263876
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Standard
Chartered Bank
Standard Chartered Bank Building
Government Road
PO Box : 29
Manama
Bahrain
Tel : (973-17) 223636 / 255946
Fax : (973-17) 230503
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit
figure of US$ 150,000:
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 and the above credit figure is
within subject’s financial means.
Maximum suggested
credit figure: US$ 800,000
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)