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Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
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Name : |
MANWEIR WLL |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
06.10.1970 |
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Com. Reg. No.: |
8194, |
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Legal Form : |
With Limited Liability - WLL |
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Line of Business : |
Manufacturers and repairers of heavy duty machinery |
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No. of Employees : |
600 |
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 : |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Qatar |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 : MANWEIR WLL
Country of Origin : Qatar
Legal Form : With Limited Liability - WLL
Registration Date : 6th October 1970
Commercial Registration Number : 8194, Doha
Issued Capital : QR 500,000
Paid up Capital : QR 500,000
Total Workforce : 600
Activities : Manufacturers and repairers of heavy duty machinery
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Ajith Kumar Pillai, Purchasing Manager
MANWEIR WLL
Building : Mannai Complex
Street : Street No.
5, Gate No. 17
Area : Salwa
Industrial Area
PO Box : 4038
Town : Doha
Country : Qatar
Telephone : (974) 44076468
/ 44600099 / 44076444 / 44076000
Facsimile : (974) 44076498
Email : manweir@manweir.com
/ manweir@mannai.com.qa
Subject operates from a large suite of offices and a factory that are
owned and located in the Industrial Area of Doha.
Name Position
· Khalid Mannai Managing
Director
· Walter Serrao General
Manager
· Jose Parckal Accounts
Manager
· Ajith Kumar Pillai Purchasing
Manager
Date of
Establishment : 6th
October 1970
Legal Form : With Limited
Liability - WLL
Commercial Reg.
No. : 8194, Doha
Issued Capital : QR 500,000
Paid up Capital : QR 500,000
Name of Shareholder (s) Percentage
· Mannai Corporation 100%
Mannai Complex
Salwa Road, Ramada Junction
Salwa Industrial Area
PO Box : 76
Doha
Tel : (974) 44558888 / 44558824
Fax : (974) 44558880
Subject is a member of the Mannai Group of
Companies, which comprises the following concerns:
· Mannai Trading Co
Ltd
Rayyan Road
Salwa Industrial
Area
PO Box: 76
Doha
Tel: (974)
44412555 / 44600111
Fax: (974)
44411982 / 44601780
· Mansal Offshore
QSC
Mannai
Complex
Salwa
Road
PO Box:
1310
Doha
Tel:
(974) 44425755 / 44421202
Fax:
(974) 44433626 / 44558228
Email: mansal@mannai.com.qa
· Mideast
Constructors WLL
PO Box: 3325
Doha
Tel: (974)
44415025 / 44558888
Fax: (974)
44558097
Email: mecon@mannai.com.qa
· Technical Services
Company Ltd (Techserv)
PO Box: 4038
Doha
Tel: (974)
44810111
· A.G. Middle East
PO Box: 76
Doha
Tel: (974)
44419099
Fax: (974)
44354571
Email: agme@mannai.com.qa
· Mannai Marine Co
Ltd
PO Box: 8776
Doha
Tel: (974)
44412230 / 44412240
· Manwell Technical
Services
PO Box: 76
Doha
Tel: (974)
44810171
Fax: (974)
44601780
· Mannai Air Travel
PO Box: 76
Doha
Tel: (974)
44442423
· Mannai
International LLC
PO Box: 9204
Dubai
United Arab
Emirates
Tel: (971-4)
3373712
Fax: (971-4)
3440165
· E.I.M. Investment
Company Ltd
Autostrade Road
Mokattan
El Qalaa Free Zone
Cairo
Egypt
Tel: (20-2)
25060451
Activities: Engaged in the manufacture and repair of heavy duty machinery,
precision machine tools, precision
inspection, measuring and test equipment.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of approximately 600 employees.
Financial highlights provided by local sources are given below:
Currency: Qatari Riyals (QR)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales QR
113,500,000 QR 120,000,000
Local sources consider subject’s financial condition to be Good.
The above figures were provided by Mr Ajith Kumar Pillai, Purchasing
Manager
·
HSBC Bank Middle East
Abdulla Bin Jassim Street
PO Box: 57
Doha
Tel: (974) 44423124
Fax: (974) 44416353
No complaints regarding subject’s payments have been reported.
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.56.42 |
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|
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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.