MIRA
INFORM REPORT
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Report Date : |
21.06.2007 |
IDENTIFICATION DETAILS
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Name : |
EASTERN BECHTEL
COMPANY LIMITED |
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Registered Office : |
Lulu Centre,
Sultan Bin Suroon Al Thahiri Building, Al Salam Street, P O Box 2661, Abu
Dhabi |
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Country : |
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Date of Incorporation : |
9th May 1993 |
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Com. Reg. No.: |
25080 |
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Legal Form : |
Branch of a Foreign Registered Corporation |
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Line of Business : |
Engaged as general contractors, specialising in
bridges and tunnels, civil works and transportation, dam contracting,
electromechanical works, power transmission and distribution network
contracting. |
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 : |
Branch of Foreign Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : EASTERN BECHTEL COMPANY LIMITED
Country of Origin :
Legal Form : Branch of a Foreign Registered Corporation
Registration Date : 9th May 1993
Commercial Registration Number : 25080
Economic Dept. Number : 1001428
Membership Number : 15800
Total Workforce : 400
Line of Business : General contractors.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
EASTERN BECHTEL
COMPANY LIMITED
ADDRESS
Registered & Physical Address
Building : Lulu Centre, Sultan Bin Suroon Al
Thahiri Building
Street :
PO Box : 2661
Town :
Country :
Telephone : (971-2) 6998400
Facsimile : (971-2) 6760899
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Abu Dhabi.
KEY PRINCIPALS
·
Tariq
Abdul Hamid General
Manager
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Saymend
Mahmoud Public
Relations Manager
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Lina
Fernandes Administration
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 9th
May 1993
Legal Form :
Subject is the United Arab
Emirates registered branch of Eastern Bechtel Company
Limited, a Limited Liability Company incorporated in
Eastern Bechtel Company Limited
in the
a Foreign Registered
Corporation.
A Branch of a Foreign
Registered Corporation is not a legal entity in its own right.
Responsibility for payments lays
in the hands of the company where it is originally
registered.
Under these circumstances, we
strongly advise that any international trade credit should
only be written under the name
of the main company where the subject holds its
registered office, in this case
Commercial Reg. No. : 25080
Economic Dept. No. : 1001428
Membership
No. : 15800
LINE OF BUSINESS
Operations : Engaged as general contractors, specialising in bridges
and tunnels, civil works and transportation, dam contracting, electromechanical
works, power transmission and distribution network contracting.
Subject has a
workforce of approximately 400 employees.
FINANCIAL HIGHLIGHTS
No financial
information was released by the company or submitted by outside sources.
BANKERS
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National
Bank of
PO Box : 4
Tel : (971-2) 6345777 / 6327113 / 6335262
Fax : (971-2) 6336078
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
Established in
1993, subject operates as general contractors, specialising in bridges and tunnels, civil
works and transportation, dam contracting, electromechanical works, power
transmission and distribution network contracting.
Any credit amount
that is to be offered to this company should be written under the name of
“Eastern Bechtel Company Limited” and directed to the companies head office
address in
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%)