MIRA
INFORM REPORT
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Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
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Name : |
GREEN PCB TRONICS CO. LTD |
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Registered Office : |
Bahushi Building, Al‑Bab Al‑Sharqi , Al‑Tahreer Square , Electronics Center, Baghdad |
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Country : |
Iraq |
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Year of Establishment : |
1993 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Repair of machinery |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Iraq |
C2 |
C2 |
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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
Green PCB Tronics Co. LTD
Registration Briefing
Registration
Date: 1993
Legal
Form: LIMITED
LIABILITY COMPANY
Latest
Financials: N/A
Financial Briefing
Nominal
Capital: N/A
Issued
Capital: N/A
Turnover: N/A
Net
Profit: N/A
Net
Worth:
Company Details
Company
Name: Green
PCB Tronics Co. LTD
Headquarter
Address: Bahushi
Building,
Al‑Bab
Al‑Sharqi , Al‑Tahreer Square , Electronics Center,
Baghdad,
Iraq
Postal
Address: P.O.Box
5400,
Al‑Rasheed
Post Office,
Baghdad
Telephone: +964
18180043
+964
18180974
+964
18852273
Fax: +964
18180663
E‑Mail: ammar@greenpcbtronics.com,
info@greenpcbtronics.com
Web
Site: www.greenpcbtronics.com
Company
was originally started on 1993
Registration & Legal Details
Current
Legal Form: LIMITED
LIABILITY COMPANY
Registration
Date: 1993
Year/Date
Company Established: 1993
Capital
Capital
is NOT disclosed.
Shareholders
Information on Shareholders is not
available/applicable
Principals
Name: Mr
Ammar Sh. Nasir
Position
within the company: General
Manager
Additional
Information: Mob:(+964)7901315974,
Email:ammar@greenpcbtronics.com
Country
of Birth: Iraq
Nationality: Iraqi
Can
fluently speak: Arabic
& English
Education: Graduate
University
Family
Connections with: Nasir
Family
Name: Mr
Ali Sh. Mageed
Additional Information: Retail Manager,
Mob:(+964)7901451894,
Email:
ali@greenpcbtronics.com
Country
of Birth: Iraq
Nationality: Iraqi
Can
fluently speak: Arabic
& English
Education: Graduate
University
Family
Connections with: Nasir
Family
Name: Mr
Mohamed Sh. Majeed
Position
within the company: Accounting
Manager
Additional
Information: Mob:(+964)7901315966,
Email: mohamed@greenpcbtronics.com
Country
of Birth: Iraq
Nationality: Iraqi
Can
fluently speak: Arabic
& English
Education: Graduate
University
Family
Connections with: Nasir
Family
Name: Mr
Anmar Sh. Nasir
Position
within the company: Technical
Manager
Additional
Information: Tel:(+964)7901324662,
anmar@greenpcbtronics.com
Country
of Birth: Iraq
Nationality: Iraqi
Can
fluently speak: Arabic
& English
Education: Graduate
University
Family
Connections with: Nasir
Family
Name: Mr
Ahmed Al‑Shawi
Position
within the company: Manager
Office
Additional
Information: Maryland
office, Baltimore, USA, Phone:+4437605620, ahmed@greenpcbtronics.com
Education: Graduate
University
Company Activities
NACE Codes: 3312 Repair of machinery
Green PCB Tronics Co was found in 1993 to work in specialized electric, electronic and mechanic engineering fields. The company formed of large number of trained technicians and engineers in each field.
They have done good work in supplying specialized RF Microwave devices to many of companies.
The company has well experience in field of machinery maintenance, specially in programmed machines like ( grinding, milling, drilling). they have done many jobs in maintenance and re‑construction of large number of NASR State Company ( a Ministry of Industrial & Minerals company
Company has long term in import, export and supplies. they supplied a few Iraqi universities laboratories with specialized equipment like Digital Communication, Analog Communication, Power Systems and AirBag Systems. they provided complete integrated Lab. designs that meet the high‑class international standards.
The company has many dedicated retails for imports distribution. they distribute many reliable goods to state companies and local market customers like Electronic Components ( such as ICs, Transistors, Capacitors, Resistors, Coils, Transformers, Crystal Filters, ...etc. ) and Test & Measurement Instruments ( such as Power Supplies, Oscilloscopes, Function Generators, DSPs, Digital Multimeters ).
They also provide high‑class consultant and top assistant in conjunction with the sites for the benefit of the end‑users.
Local Reporters consider the investigated company to be LARGE in their field of concern.
Operations
Employees Company
Employs: 140
Figure
is approximate
HQ Premises Operates
from: Office
Location: Central Business Area, Main Road
Trading & Selling
Type
of Customer: General Public, Group
Companies, Government Bodies
Related Companies
Subsidiaries
Affiliates
Information
on Related Companies is not available/applicable
Bankers
Information
on Bankers is not available/applicable
Payments
Subject's
payments reported to be: UNDETERMINED
Interview & Reporter Comments
Name/Title: Mr.Ammar
Sh. Nasir General Manager
Comment: We
have sent a fax/e‑mail/questionnaire however no reply has been received
as of yet.
Reporter Comment: In the interview conducted with Mr. Ammar
Sh. Nasir , General Manager, he asked us to send a letter for information to
this email address
(ammar@greenpcbtronics.com ), however a letter was sent but there is no
reply was received as of yet. Local company’s registry is inaccessible to inspect
subject's file, therefore, we are unable to collect data concerning the subject
you are investigating.
All the above mentioned information gathered from
the company website (www.greenpcbtronics.com).
The bellow information about subject’s principals could not be confirmed either by subject or by outside sources.
Ammar Shakir Majeed Al‑Shatari
Iraqi citizen
Date of birth:23 February 1970
Place of birth: Baghdad, Iraq
Passport number:G2643917
Issue date:10 February 2009
Expiry date:9 February 2017
Address: Al Mansur Hay Draqh 603/9/17 ,Baghdad,Iraq
Anmar Shakir Majeed Al‑Shatry
Iraqi citizen
Date of birth:8 October 1971
Place of birth: Wassit, Iraq
Passport number:G1540152
Issue date:11 September 2007
Expiry date:10 September 2015
AddressAl Mansur Hay Draqh 603/9/17 ,Baghdad ,Iraq
As we were unable to contact any official in the company we were not able to get
any information about the current financial position of the company in view of the
running events in Iraq.
Subject is listed on many online search engine ( yellow pages Iraq, Iraqseek,
Keywordspy,
ecvv.com .. ) however all the available information are general
Information.
.
Conclusions
Accounts Comments: Full Financial
Statements were unavailable to local analysts so a complete and accurate
picture of the financial strength of the company could not be ascertained.
Our assessment and ratings are therefore
based on non‑financial data.
Local Reputation: The
company being investigated is believed by local reporters to be experiencing
financial difficulties and is considered to be slightly below average trade
risk.
General Conclusion: No new financial info granting
credit considered to be fair trade risk
Age of Business: The company is a long
established family run business.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.71 |
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|
1 |
Rs.78.08 |
|
Euro |
1 |
Rs.68.05 |
RATING EXPLANATIONS
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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 |
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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 |
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-- |
NB |
New Business |
-- |
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.