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MIRA INFORM
REPORT
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Report Date : |
02.04.2011 |
IDENTIFICATION DETAILS
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Name : |
BAHWAN ENGINEERING CO LLC (BEC) |
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Registered Office : |
Bahwan Centre, |
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Country : |
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Date of Incorporation : |
19.01.1977 |
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Com. Reg. No.: |
1/04638/1,
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Subject operates through several divisions Power Projects Division, Mechanical & Electrical Construction Division, Instrumentation Division, Water And Waste Water Treatment Division, Civil Construction Division, Elevators & Escalators Division, Diesel Power Generation Division, Mechanical & Electrical Products Division and Service & Maintenance Division |
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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Maximum Credit Limit : |
US$ 1,500,000 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : BAHWAN ENGINEERING CO LLC (BEC)
Country of Origin :
Legal Form : Limited Liability Company – LLC
Registration Date : 19th January 1977
Commercial Registration Number : 1/04638/1,
Chamber Membership Number : 190
Issued Capital : RO 565,000
Paid up Capital : RO 565,000
Total Workforce : 4,000
Activities : Subject operates several divisions (see below for details)
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 1,500,000
COMPANY NAME
BAHWAN ENGINEERING CO LLC (BEC)
company ADDRESS
Registered & Physical Address
Building : Bahwan Centre
Street :
Area : Al
Ghoubra , Ruwi
PO Box : 703
Town :
Country : Sultanate of
Telephone : (968) 24597510
/ 24594702
Facsimile : (968) 24597511
Email : becoman@becoman.com / becho@omantel.net.om
Premises
Subject operates
from a large suite of offices that are owned and located in the Central
Business Area of Muscat.
Branch Office (s)
Subject operates offices located in Wadi Kabir, Azaiba, Seeb Souk, Ibri,
Nizwa, Salalah, Barka, Ibra, Sohar and
KEY PRINCIPALS
Name Position
·
Sheikh Suhail Salem Abdullah Bahwan Managing
Director
·
Saad Suhail
·
Ahmed Suhail Salem Abdullah Bahwan Director
·
Amal Suhail Salem Abdullah Bahwan Director
·
S K Virmani Chief
Executive Officer
·
C K Khanna General
Manager
·
A K Nahar Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 19th
January 1977
Legal Form :
Limited Liability Company –
LLC
Commercial Reg. No. : 1/04638/1,
Chamber Member No. : 190
Issued Capital : RO 565,000
Paid up Capital : RO 565,000
Name of Shareholder
(s)
·
Sheikh Suhail Salem Abdullah Bahwan
·
Saad Suhail
·
Ahmed Suhail Salem Abdullah Bahwan
·
Amal Suhail
·
Suhail Bahwan Holding
AFFILIATED COMPANIES
Subject is a member of the well known Suhail & Saud Bahwan group of
companies that comprises the following concerns:
·
Al
Gaddag Engineering LLC
PO Box: 168
Tel: (968) 24712470
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PO Box: 169
Tel: (968) 24797581
Fax: (968) 24797169
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Al Qurum District
PO Box: 3168 / 703, Ruwi 112
Tel: (968) 24700983 / 24793741 / 24561377
Fax: (968) 24793755
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Amiantit
PO Box: 1417
Seeb
Tel: (968) 25626600
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Arab
Merchants Co LLC
PO Box: 6228
Tel: (968) 24701221
·
Arabian
Car Marketing Co LLC
PO Box: 169
Tel: (968) 24793741
Fax: (968) 24796158
·
Arabian
Caravans Furnishing & Trading Co LLC
PO Box: 169
Tel: (968) 24797596
Fax: (968) 24562089
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Auto
Parts Centre LLC
PO Box: 2619
Tel: (968) 24564308
Fax: (968) 24564309
·
Automobile
Automotive Centre
PO Box: 6168
Tel: (968) 24561377
Fax: (968) 24561631
·
Bahwan
Contracting Company LLC
PO Box: 4098
Tel: (968) 24591092
Fax: (968) 24591098
·
Bahwan
Foods (Khalijana) Co LLC
PO Box: 3711
Tel: (968) 24592492
·
Bahwan
Travel Agencies LLC
PO Box: 282
Tel: (968) 24740455
Fax: (968) 24700483
·
Bahwan
Trading Company LLC
Ruwi
PO Box: 169 & 2
Tel: (968) 24793750 / 24793741
Fax: (968) 24796158
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Delta
Ltd
PO Box: 4537
Tel: (968) 24708483
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Ebin
Rushed Pharmacy Co LLC
PO Box: 169
Tel: (968) 24701557
Fax: (968) 24701547
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International
Equipment & Contracting Co LLC
PO Box: 169
Tel: (968) 24714482
Fax: (968) 24793755
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National
Crushers
PO Box: 961
Tel: (968) 24591461
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Rent-A-Car
LLC
PO Box: 282
Tel: (968) 24561427
Fax: (968) 24700483
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Utmost
Building Materials Co LLC
Al
Deira
PO Box: 55014
Tel: (971-4) 3553883
Fax: (971-4) 3553776
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Gulf
Mercantile Trading
Al
Deira
PO Box: 55014
Tel: (971-4) 3553883
Fax: (971-4) 3553776
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Mercantile
Information & Telecommunication Technology Est (MITTE)
PO Box: 41175
Tel: (971-2) 6458909
Fax: (971-2) 6458907
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Al
Mutawah Trading Co LLC
Al
Sultan
Al Ghobra
PO Box: 17, Muttrah 114
Tel: (968) 24591871 / 591872 / 591521
Fax: (968) 24592370
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Al
Omaniya Automobile Marketing LLC
PO Box: 2619
Seeb
Tel: (968) 25560925
Fax: (968) 25564309
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Arabian
Engineering Services LLC
PO Box: 6000
Tel: (968) 24561377
Fax: (968) 24561631
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Bilad (
PO Box: 42006
Rusayl
Tel: (968) 24626001
Fax: (968) 24591098
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Electronics
Company LLC
PO Box: 8111
Muttrah
Tel: (968) 24793741
Fax: (968) 24796158
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Inma
Company
PO Box: 3760
Tel: (968) 24562100
Fax: (968) 24562039
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Port
Services Corp SAOG
PO Box: 133
Tel: (968) 24714001
Fax: (968) 24714007
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Qurum
Contractors LLC
PO Box: 7003
Tel: (968) 24562720
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Sogex
PO Box: 4739
Tel: (968) 24563055
Fax: (968) 24564608
OPERATIONS
Activities: Subject’s operations are performed through
the following divisions:
· Power Projects Division
These operations encompass
several aspects of engineering construction on a turnkey basis comprising Design,
Supply, Installation, Testing, Commissioning and Maintenance. Projects
include installations related to large power houses comprising 132KV
Transmission Lines, Indoor and Outdoor Gas Insulated Switchgears and 132KV live
line washing.
· Mechanical & Electrical
Construction Division
Building Services Division has
diverse experience in executing Mechanical & Electrical installations for
Hotels, Hospitals, Airports, Palaces, Ministry & Bank Headquarters, Commercial
Complexes and Industrial Projects. The division is geared to execute
installation of Central Air Conditioning Systems, Plumbing & Sanitation,
Electrical and specialised systems like Medical Gases, Nurse Call,
Incinerators, Surgical Panels, Operation Theatre Lighting, Fire Alarm, Vaccum
& Compressed Air, Boilers, Kitchen & Laundry equipment, Building
Management Systems
· Instrumentation Division
Engaged in planning,
Installation, Testing and pre-commissioning of industrial projects in Control,
Automation and Instrumentation construction projects. It also undertakes small
/ medium projects on Engineering, Procurement and Construction basis ( EPC ) to
construction of large projects of 10,000 and more loops in Oil& Gas, Power,
Water sector.
· Water And Waste Water Treatment
Division
Water and waste water treatment
operations offer construction solutions & maintenance for Desalination
Plants & Sewage Treatment Plants. The division also executes indoor and
outdoor Reverse Osmosis Plants for specialised uses such as hospitals &
Industrial Projects
· Civil Construction Division
Established in 1975, this
division specialises in total project management of Industrial Projects,
· Elevators & Escalators
Division
This division undertakes
projects involving supply, installation and maintenance of elevators and
escalators on turnkey basis. The division is also involved in installing
equipment such as Dock lavelers, Lifting Platforms, Special Freight Platforms,
Scissor Lift Platforms for Airports and EOT Cranes. Some of the large projects
include installation of Trav-O-lator, the longest inclined walkway in the Gulf;
13 hospital elevators and 5 passenger elevators with VVVF Drive for Sohar
Hospital, Oman and fastest moving (2.5 meters per second) Elevators for
National bank of Oman headquarters.
· Diesel Power Generation Division
This operation integrates
supply, installation, commissioning and maintenance of diesel power generation
projects.
· Mechanical & Electrical
Products Division
The mechanical products
division's portfolio encompasses trading in products covering the broad
spectrum of the Building Services Industry. From Air-conditioning to Heating,
Ventilation, Filtration, Building Management Systems, Piping & Valves, to
Air Distribution, the Division represents more than 30 Principals worldwide.
· Service & Maintenance
Division
BEC ensures satisfactory
performance of the installations with Planned Preventive Maintenance schedules,
which reduces the Down Time to the minimum. This division employs 900 people.
Import
Countries: Europe, Asia and
the
Subject has a
workforce of approximately 4,000 employees.
FINANCIAL DATA
Companies
registered in
BANKERS
·
Oman
Arab Bank
Head Office
Muttrah Business District
PO Box: 2010, Ruwi 112
Tel: (968) 24700161 / 24706265
/ 24706267
Fax: (968) 24797736
·
Oman
International Bank
PO Box: 4216
Tel: (968) 24703614 / 24707328
/ 24793450
·
HSBC
Bank
Muttrah Business District
PO Box: 240, Ruwi 112
Tel: (968) 24700810 / 24799920 / 24799927
Fax: (968) 24704241
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Bahwan Engineering
Co LLC (BEC) is a leading concern in
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
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|
1 |
Rs.71.93 |
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Euro |
1 |
Rs.63.24 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
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.