MIRA INFORM REPORT
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Report Date : |
21.02.2011 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Doha Cables, Industrial Area Street, MIC Community Area, Messaieed Industrial Area, P.O. Box 22487, Doha |
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Country : |
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Date of Incorporation : |
08.09.2008 |
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Com. Reg. No.: |
40344 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers and distributors
of low, medium, high power copper cables, telecom cables, overhead
conductors, electrical cables and special cables |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Maximum Credit Limit : |
US DLRS 1,500,000 |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
company NAME
company ADDRESS
Building
:
Street :
Area :
MIC Community Area, Messaieed Industrial Area
P.O.
Box : 22487
Town :
Country :
Telephone : (974) 4455 3043 / 4490 2191 /
Fax :
(974) 4455 3049 / 4490 2176
E-Mail : info@dohacables.com / e.abdallah@elsewedy.com
Website
: www.dohacables.com
Trading
styles :
SENIOR COMPANY PERSONNEL
Name Position
1.
Raouf Hassan General Manager
2.
Ahmed Fathy Elsewedy Commercial Director
3.
Ritesh Doshi Sales Director
4.
Mohammed Muneer Sales Manager
5.
Essam Abdallah Financial Manager
6.
Ashwin Doke Sales Engineer
Total
Employees : 250 (subject)
5,000 (Al Faisal Holding Group of Companies)
7,500 plus (Elsewedy group)
PAYMENTS
No
trade experience of payments is available.
Subject
is a relatively newly established company (8 September 2008) and commenced its
operations in March 2010. In view of the subject's recent establishment we
recommend international suppliers to exercise a degree of caution.
However,
subject is majority owned by two well established companies namely Elsewedy
Cables Egypt and Senyar Industries Qatar Holding W.L.L. Senyar Industries Qatar
Holding W.L.L. is a member of the wider Al Faisal Holding Group of Companies
engaged in a diversified field of activities such as distribution of tires, oil
and lubricants; ; construction and repair of power plants; production of power
cables; ownership of a shopping center, commercial and residential buildings;
distribution and marketing of pharmaceuticals, medical equipment, hospital
sundries, dental, laboratory and diagnostics dental, laboratory and diagnostics
as well as skin care, foot care and medical cosmetics. It is one of the largest
private groups in
in
copper
and aluminum terminators, plastics, and fiber glass electric
poles,
PVC compounds. The Group employs 7,500 people and had sales
turnover
LE 11.4 billion in 2008.
Opinion
on maximum credit : As the company has recently commenced
manufacturing and has no
financial or
payment track
record, we recommend
dealing on fully
secured terms.
Trade
risk assessment:
Opinion
on the credit figure of US DLRS 1,500,000 :
See
above comments.
PRINCIPAL BANKERS
NAME : INTERNATIONAL BANK OF
Branch : Main branch,
P.O.
Box : 2001
Town :
Telephone:
(974) 4447 3700
Fax : (974) 4447 3710
The
company also has an account with :
Al
Ahli Bank of
Main
branch
Telephone:
(974) 4432 6611
Fax : (974) 4444 4652
FINANCIAL INFORMATION
As
the Company is a relatively newly established company and has recently
commenced its operations, relevant financial information is not available.
LEGAL STATUS AND HISTORY
Date
Started : 8 September 2008
History
: The subject company was
established in
2008
and commenced its operations in March 2010.
C.R.
No. : 40344 (expiry date: 8
September 2011)
Authorised
Capital : QR 90,000,000
Paid-Up
Capital : QR 90,000,000
Limited
Liability Company with the following shareholders :
Percentage
1.
Elsewedy Cables
Plot no. 27, 1st District, 5th Settlement
New
Telephone: (20 2) 2759 9700/1
Fax
: (20 2) 2579 9739
Email
: acc@elsewedy.com
2.
Senyar Industries
Telephone: (974) 4435 0666
Fax
: (974) 4435 0777
(member of Al Faisal Holding Group of
Companies)
3.
Trelco Limited Company 4.00%
Telephone: (974) 4468 1810 / 4468 8499 /
4468 8011
Fax
: (974) 4468 8944
Email
: trelco@qatar.net.qa
Website
: www.trelcolimited.com
Affiliated
companies of Doha Cables Qatar W.L.L.:
Affiliated
companies of the parent company, Elsewedy Cables Egypt :
1.
3W Networks
Telephone: (971 4) 326 7744
Fax
: (971 4) 326 7755
E-mail
: info@3wnetworks.com
Website
: www.3wnetworks.com
2.
Comcore-United Industries
Telephone: (20 2) 275 99700/1
Fax
: (20 2) 275 99743
E-mail
: uic-comcore@elsewedy.com
3.
Egyptian Company for Manufacturing Electrical Insulators (ECMEI)
Area#(1/4)south(1-A)
El-Mogawra No.9
10th of Ramadan City-Egypt
E-mail:ecmei@elsewedy.com , info@ecmei.com
4.
Egyptian Company For Plastic Industry Elsewedy - EGYPLAST
Plot no. 27, 1st District, 5th Settlement
New
Telephone: (20 2) 275 99700/1
Fax : (20 2) 275 99755
E-mail:egyplast@elsewedy-plastic.com
5.
Egytech
Plot no. 27, 1st District, 5th Settlement
New
E-mail:egy@elsewedy.com
6.
Elsewedy Elastimold - Elastimold
7.
Elsewedy Cables
153 Rue Ali Khodja
El biar
Alger
Telephone: (213 21) 924 005/07
Fax
: (213 21) 923 997
E-mail
: algeria@elsewedy.com
8.
Elsewedy Cables
9.
Elsewedy Cables Ethiopia PLC
Telephone: (251 11) 661 6161
Fax
: (251 11) 661 6164
E-mail
: elsewedy_cables@ethionet.et
10.Elsewedy
Cables KSA
Jeddah
Telephone: (966 2) 668 7488 / 668 7499
Fax
: (966 2) 668 7480
E-mail
: ksa@elsewedy.com
11.Elsewedy
Cables
Mezzeh (
Telephone: (963 11) 612 38 62 / 63
Fax
: (963 11) 612 38 60
E-mail
: syria-cables@elsewedy.com / syria.info@elsewedy.com
12.Elsewedy
Cables
Hadda,
Sana'a
Telephone: (967 1) 43 08 52
Fax
: (967 1) 43 08 53
E-mail : yemen@elsewedy.com
13.Elsewedy
Electric
Telephone: (234 1) 735 5000 / 735 6000 / 735
7000
E-mail
: nigeria-transformers@elsewedy.com
14.Elsewedy
Electric
Adra Industrial Zone
Telephone: (963 11) 585 0291
Fax
: (963 11) 585 0290
E-mail
: syria-transformers@elsewedy.com / elsewedy-
sales@elsewedy.com
15.Elsewedy
Electric T&D
Telephone: (20 2) 240 34191/2
Fax
: (20 2) 240 11273
E-mail
: eetd@elsewedy.com
16.Elsewedy
Electric
Telephone: (260 212) 650 120/1
E-mail
: zambia-transformers@elsewedy.com
17.Elsewedy
SEDCO
E-mail
: sedco@elsewedy.com
18.Elsewedy
SEDCO for petroleum services
E-mail
: sedco-petroleum@elsewedy.com
19.Elsewedy
Transformers
E-mail
: sales.transformers@elsewedy.com
20.Giad
Elsewedy Cables
Giad Industrial Area
Telephone: (249) 16 320 2771
Fax
: (249) 18 370 1062
E-mail
: giad-cables@elsewedy.com
21.Iskra
AMESI d. o. o.
Savska loka 4
SI-4000 Kranj
Telephone: (386 4) 206 4265
Fax
: (386 4) 202 2611
E-mail
: info@iskra-merlineneprave.si
22.Iskraemeco,
d.d.
Savska loka 4
4000 Kranj
23.Power
System Project
10/A/4 Takseem El Laselky, New Maadi
Telephone: (20 2) 2517 2637/50/51
Fax
: (20 2) 2517 2636
E-mail
: psp@psp-com.com
24.
25.Sudanese
Telephone: (249) 185 313418
Fax : (249) 185 313394
E-mail
: info@sudatraf.com
26.SWEG
E-mail
: sweg@elsewedy.com
27.UEIC
Elsewedy (United Electrical Industries Company)
Al Malaz
28.United
Industries
E-mail
: uic-specialcables@elsewedy.com
29.United
Industries-Fiber Glass Poles
E-mail
: uic-fiberglass@elsewedy.com
30.United
Metals
E-mail
: umc@elsewedy.com
31.United
Wires
E-mail
: unitedwires@elsewedy.com
Subject
is also a member of the Al Faisal Holding Group of Companies, which also
includes the following companies :
1. Al Arabia Excavation Company
Telephone: (974) 4460 0286
Fax
: (974) 4460 3719
2. Al Arabia Land Transporting
Telephone: (974) 4460 0286
Fax
: (974) 4460 3719
3. Al Failaq International Trading Company
Telephone: (974) 4444 0244
Fax
: (974) 4442 2484
4. Al Farman Investment & International
Trading
Telephone: (974) 4435 0666
Fax
: (974) 4435 0777
5. Al Jazi Real Estate and Investment Company
Telephone: (974) 4460 0286
Fax
: (974) 4460 3719
6. Al Rayyan Education Company
Telephone: (974) 4435 0666
Fax
: (974) 4435 0777
7. Al Rayyan Tourism and Investment Company
Telephone: (974) 4436 3471
Fax
: (974) 4436 8629
8.
Telephone: (974) 4460 0286
Fax
: (974) 4460 3719
9. City Limousine Company
Telephone: (974) 4436 3471
Fax
: (974) 4436 8629
10.
Diwan Al Emara
Telephone: (974) 4476 0588
11.
Dyarco International Trading
Telephone: (974) 4442 2404
Fax
: (974) 4442 2484
12.
Fun City Company LLC
Telephone: (974) 4428 9111
13.
Gettco Contracting Company
Telephone: (974) 476 0588
14.
Gettco Road Company
Telephone: (974) 4436 3471
Fax
: (974) 4436 8629
15.
The
Telephone: (974) 487 3865
16.
Hepworth PME
Telephone: (974) 4476 0588
17.
Hydro Trading Company
Telephone: (974) 4476 0588
18.
Integrated Information Systems
Telephone: (974) 4435 0666
Fax
: (974) 4435 0777
19.
Integrated Trading and Development Company
Telephone: (974) 4460 0286
Fax
: (974) 4460 3719
20.
InterGroup Investments Company
Telephone: (974) 436 3471
Fax
: (974) 436 8629
21.
International Financial Securities Company
Telephone: (974) 4476 0588
22.
Joint Real Estate
Telephone: (974) 4460 0286
Fax
: (974) 4460 3719
23.
La Novelle General Trading Company
Telephone: (974) 4476 0588
24.
Linx Qatar
Telephone:(974) 4460 1023
25.
Maintenance Management Group
Bin Omran, Um
Telephone: (974) 4441 5239
Fax
: (974) 4441 8363
26.
Qatar Bahrain Cinema
Telephone: (974) 4476 0588
27.
Telephone: (974) 4460 0286
Fax
: (974) 4460 3719
28.
Qatari Modern Maintenance Co. WLL
Telephone: (974) 4436 3471
Fax
: (974) 4436 8629
29.
SVP Specialised Venture
Telephone: (974) 4476 0588
30.
Wakalat Company
Telephone: (974) 4436 3471
Fax
: (974) 4436 8629
31.
Winter Wonder Land Company
Telephone: (974) 4441 5239
Fax
: (974) 4441 8363
32.
Aamal Cement Industries W.L.L.
Telephone: (974) 4435 0666
Fax
: (974) 4435 0777
33.
Gettco International
34.
IMO Qatar Company W.L.L.
Telephone: (974) 4435 0666
Fax
: (974) 4435 0777
35.
Senyar Industries
Telephone: (974) 4435 0666
Fax
: (974) 4435 0777
ACTIVITIES
The
Company is involved in the following activities :
Manufacturers
and distributors of low, medium, high power copper cables, telecom cables,
overhead conductors, electrical cables and special cables.
Products
include:
-
Power Cables
LOW VOLTAGE
(Operating Voltage up to 0.6/1kV)
Single
Core Cables, with Solid or Stranded Copper Conductors
and PVC Insulated
Single
Core Cables, with Flexible Copper Conductors and PVC Insulated
Single
Core Cables, with Stranded Circular Copper Conductors, PVC or XLPE Insulated
and PVC Sheathed
Multicore
Cables, with Stranded Copper or Aluminum Conductors PVC or XLPE Insulated and
PVC Sheathed
Multicore
Cables, with Stranded Copper or Aluminum Conductors, PVC or XLPE Insulated,
Steel Tape Armoured and PVC Sheathed
Multicore
Cables, with Stranded Copper or Aluminum Conductors, PVC or XLPE Insulated,
Steel Wire Armoured and PVC Sheathed
MEDIUM VOLTAGE
(Operating Voltage Up to 19/33 K)
Single
& Three Cores Copper or Aluminum Conductors XLPE Insulated and PVC Sheathed
Three
Cores Copper or Aluminum Conductors, XLPE Insulated, Steel Tape Armored and PVC
Sheathed
Three
Cores Copper or Aluminium Conductors, XLPE Insulated, Steel Wire Armoured and
PVC Sheathed
HIGH & EXTRA HIGH VOLTAGE
(Operating Voltage Up to 127/220 KV)
Single
Core Copper Conductor, XLPE insulated, Copper Wire Screen and HDPE Sheathed
Single
Core Copper Conductor, XLPE insulated, Lead Sheathed and HDPE Sheathed
Single
Core Copper Conductor, XLPE insulated, Copper screen , Lead Sheathed and HDPE
Sheathed
-
Special Cables
LOW SMOKE HALOGEN FREE LSHF
Single
Core Cables, with Solid or Stranded Copper Conductor and LSHF Insulated
Single
Core Cables, with Flexible Copper Conductor and LSHF Insulated
Single
Core Cables, with Stranded Circular Copper Or Aluminum Conductors, XLPE
Insulated and LSHF Sheathed
Multicore
Cables, with Stranded, Copper or Aluminum Conductors, XLPE Insulated and LSHF
Sheathed
Multicore
Cables, with Stranded Copper or Aluminum Conductors, XLPE Insulated, Steel Wire
Armoured and LSHF Sheathed
FIRE ALARM CABLES
Multicores,
Unscreened, Stranded Conductor
Multipairs,
Layers, Collective Screen, Stranded Conductor
CONTROL
Stranded
Copper Conductors PVC Insulation, PVC Sheathed
-
Overhead Conductors
BARE CONDUCTORS
Bare
Soft and Hard Drawn Copper Stranded
All
Aluminium Conductors (A.A.C.)
All
Aluminium Alloy Conductors (A.A.A.C.)
Aluminium
Conductor Steel Reinforced (A.C.S.R.)
SERVICE DROP CABLES
Copper
or Aluminum Conductors & XLPE Insulated
OPGW
Optical
Ground Wire OPGW
-
Telecom Cables
DUCT CABLE
Duct
Cable Semi Dry Core, Stranded Loose Tubes, All Dielectric
Duct
Cable Semi Dry Core, Stranded Losse Tubes, Moisture Barrier.
DIRECT BURIED
Direct
Buried Stranded Loose Tube, Corrugated Steel Tape Armouring
Direct
Buried Central Loose Tube, Corrugated Steel Tape Armouring, 2 Steel Wire
Members
Direct
Buried Central Loose Tube, Corrugated Steel Tape Armouring, Double Jacket
ALL DIELECTRIC
All
Dielectric Self Supporting (ADSS) Cables
FIGURE 8
Figure
8 Aerial Cable
Brand:
Production
Capacity : 40,000 tons of copper cables per year
Subject
has the following certifications:
-
KEMA HV 230 kV
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BASEC LV 450/750 kV
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ISO 9001
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KEMA HV 132 kV
-
NF Approval
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BS OHSAS 18001
Imports
from Europe, Asia and
Exports
to Middle Eastern and GCC countries, mainly to
FACILITIES
The
Company has the following facilities :
70,200
sq.m owned premises comprising administrative offices and a manufacturing unit
with warehousing facilities located at the heading address.
SPECIAL NOTE
You
enquired on:
The
address given by you:
Interviewed:
Essam Abdallah (Financial Manager).
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.18 |
|
|
1 |
Rs.73.04 |
|
Euro |
1 |
Rs.61.43 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<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.