MIRA INFORM REPORT

 

 

Report Date :

13.01.2012

 

IDENTIFICATION DETAILS

 

Name :

AL MANSOORI SAFETY SERVICES LLC

 

 

Registered Office :

Al Mussafah, 109441, Abu Dhabi

 

 

Country :

United Arab Emirates

 

 

Date of Incorporation :

09.12.2000

 

 

Com. Reg. No.:

44643, Abu Dhabi

 

 

Legal Form :

Limited Liability Company - LLC

 

 

Line of Business :

Engaged in the provision of site safety services, training and staff.

 

 

No. of Employees :

50

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

US$ 150,000

Status :

Satisfactory

Payment Behaviour :

No complaints

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

United Arab Emirates

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                                     : AL MANSOORI SAFETY SERVICES LLC

Country of Origin                                    : Abu Dhabi, United Arab Emirates

Legal Form                                            : Limited Liability Company - LLC

Registration Date                                   : 9th December 2000

Commercial Registration Number            : 44643, Abu Dhabi

Trade Licence Number                            : 1029535

Chamber Membership Number                : 850079

Issued Capital                                        : UAE Dh 200,000

Paid up Capital                                      : UAE Dh 200,000

Total Workforce                                     : 50

Activities                                               : Providers of site safety services, training and staff.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 150,000

COMPANY NAME

 

AL MANSOORI SAFETY SERVICES LLC

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : Al Mussafah

 

PO Box             : 109441

 

Town                 : Abu Dhabi

Country             : United Arab Emirates

 

Telephone         : (971-2) 5541220 / 6594500 / 5546410

Facsimile          : (971-2) 5550610 / 6779348

Email                : mss@almansoori.biz

 

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

 

     Name                                                                                               Position

 

·       Mario Nahas                                                                                     General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 9th December 2000

 

Legal Form                  : Limited Liability Company - LLC

 

Commercial Reg. No.  : 44643, Abu Dhabi

 

Trade Licence No.       : 1029535 (Expires 06/03/2012)

 

Chamber Member No. : 850079

 

Issued Capital              : UAE Dh 200,000

 

Paid up Capital            : UAE Dh 200,000

 

Name of Shareholder (s)                                    

 

·       Al Mansoori Specialised Engineering Services LLC (MSE)

Abu Dhabi

 

·       Al Mansoori Petroleum Services LLC

Abu Dhabi

 

 

AFFILIATED COMPANIES

 

·       Al Mansoury Specialised Engineering Co LLC

Al Mansoury Tower, 17th Floor

Al Salam Street

PO Box : 3374

Abu Dhabi

Tel : (971-2) 6776335 / 6790006

Fax : (971-2) 6779398 / 6779396

 

 

OPERATIONS

 

Activities: Engaged in the provision of site safety services, training and staff.

 

Subject acts as H2S site safety consultants, safety officers, safety equipment rentals for both gas detection and breathing air systems and training in the Middle East.

 

Subject’s services and products include:

 

Consulting and Services

·                     On-site Emergency Response Consulting

·                     On-site Contingency Planning and Respiratory Protection Training

·                     Equipment Maintenance and Safety Audits

·                     Permit to Work Supervision

·                     Hydrogen Sulphide Safety Supervisor

·                     Safety Officers

·                     Confined Space Entry Supervision

·                     Calibration Services on Fixed and Portable - Authorized BW Service Center

·                     Inspection and Flow Test of SCBA Units

Equipment Rental

·                     Containerized Air-loop Systems

·                     Open Air-Loop Systems - Offshore Application

·                     Wireless Gas Detection Systems

·                     Fixed Gas Detection Systems

·                     Portable Gas Detection

·                     Air Pack - 10, 15 and 30 Minute Duration

·                     Breathing Air Compressors

Training

·                     H2S Safety

Products

·                     Customized Airloop System for Land and Offshore Facilities

·                     BW / RAE - Portable Gas Detection Devices

·                     Max-Air / Jordair / Bauer- Premier Quality Purification and Compressor Systems

·                     Detcon - Fixed wireless Gas Detection and Notification Products

·                     Scott / MSA / Sabre / Siebe Gorman - Drager / Life Air - Respiratory Protection

·                     MSA - PPE

·                     Various Brands - Fall Protection and Safety Products

Subject has a workforce of 50 employees.

 

 

FINANCIAL DATA

 

Companies registered in Abu Dhabi, United Arab Emirates are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       National Bank of Abu Dhabi

Sheikh Khalifa Street

PO Box: 4

Abu Dhabi

Tel: (971-2) 6345777 / 6327113 / 6335262

Fax: (971-2) 6336078

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

 

GENERAL COMMENTS

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.83

UK Pound

1

Rs.79.42

Euro

1

Rs.65.90

 

 

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

----

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.