MIRA INFORM REPORT

 

 

Report Date :           

13.03.2012

 

IDENTIFICATION DETAILS

 

Name :

MAMMUT BUILDING SYSTEMS FZE

 

 

Registered Office :

Hamriyah Free Zone, P O Box 41668, Sharjah

 

 

Country :

United Arab Emirates 

 

 

Year of Establishment :

1997

 

 

Legal Form :

Free Zone Establishment

 

 

Line of Business :

Production of pre-engineered and structural steel buildings

 

 

No. of Employees :

750

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

US$ 2,500,000

 

 

Status :

Good

 

 

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 30th, 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                                     : MAMMUT BUILDING SYSTEMS FZE

Country of Origin                                    : Sharjah, United Arab Emirates

Legal Form                                            : Free Zone Establishment – FZE

Start Date                                             : 1997

Registration Date                                   : 4th December 2002

Trade Licence Number                            : 344

Issued Capital                                        : UAE Dh 1,000,000

Paid up Capital                                      : UAE Dh 1,000,000

Total Workforce                                     : 750

Activities                                               : Production of pre-engineered and structural steel buildings

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 2,500,000

 

 

 

COMPANY NAME

 

MAMMUT BUILDING SYSTEMS FZE

 

 

company ADDRESS

 

Registered & Physical Address

Location            : Hamriyah Free Zone

PO Box             : 41668

Town                 : Sharjah

Country             : United Arab Emirates

Telephone         : (971-4) 8012222

Facsimile          : (971-4) 8012223

Mobile               : (971-50) 9030283

Email                : mammut@emirates.net.ae / sales@mammut.ae

 

Premises

 

Subject operates from a suite of offices and a factory covering an area of 150,000 square metres that are rented and located in the Hamriyah Free Zone.

 

Branch Office (s)

 

     Location                                                                                           Description

 

·       Bank Street                                                                                      Sales Office

PO Box: 28414

Dubai

Tel: (971-4) 3970099

Fax: (971-4) 3970088

     Email: sales@mammut.ae

 

·       PO Box: 53159                                                                                 Sales Office

Abu Dhabi

Tel: (971-2) 6263300

Fax: (971-2) 6267403

 

·       Techno Park                                                                                     Sales Office

Jebel Ali Free Zone

Dubai

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Behzad Daniel Ferdows                                                                     Managing Director

·       Atif Ibrahim                                                                                       General Manager

·       Ashraf Kassim                                                                                  Assistant General Manager

·       Ravi Kumar                                                                                       Finance Manager

·       Sally Salvador                                                                                   Marketing Manager

·       Silvester Assari                                                                                 Export Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : Subject’s operations date back to 1997, however it was registered on 4th December 2002

 

Legal Form                  : Free Zone Establishment – FZE

 

Trade Licence No.       : 344 (Expires 03/12/2012)

 

Issued Capital              : UAE Dh 1,000,000

 

Paid up Capital            : UAE Dh 1,000,000

 

Name of Shareholder (s)                                                    Percentage

 

·       Emaar Industries & Investment                                               60%

 

·       Behzad Daniel Ferdows                                                         40%

 

 

AFFILIATED COMPANIES

 

Subject is a member of the Mammut Group, which comprises the following concerns:

 

·       Mammut Industries FZE

     PO Box: 28414

Dubai

Tel: (971-4) 3970099

Fax: (971-4) 3970088

 

Established in 1992, this company is engaged in the manufacture of trailer and carrier cars.

 

·       Mammut Building Systems LLC

Sheikh Zayed Road

PO Box: 28414

Dubai

Tel: (971-4) 3970099

Fax: (971-4) 3970088

 

       Established in 1997, it is engaged in the distribution of building materials and pre-cast engineering structures.

 

 

OPERATIONS

 

Activities: Engaged in the production of pre-engineered and structural steel buildings.

 

Subject also supplies building accessories, including overhead doors, liner panels, sliding doors, hanger doors, eve canopies, roof extensions, sky and wall lights, sliding glass windows, commercial glass frames, door canopies, façade system, roof curbs, circular vents, ridge vents, insulation, canister doors, half glass walk doors, louvers and framed openings.

 

Production Capacity:   10,000 tonnes per month of pre-engineered steel building components

                                    120,000 square metres per month of polyurethane injected sandwich panels

 

Import Countries: United States of America and India.

 

Subject has a workforce of approximately 750 employees.

 

 

FINANCIAL DATA

 

Companies registered in Sharjah, United Arab Emirates are not legally required to make their accounts public and o financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       National Bank of Sharjah

Al Boorj Avenue

     PO Box: 4

     Sharjah

     Tel: (971-6) 5547747

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Established in 1997, Mammut Building Systems FZE specialises in the production of pre-engineered and structural steel buildings, as well as supplying a wide range of building accessories.

 

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.49.94

UK Pound

1

Rs.78.25

Euro

1

Rs.65.39

 

 

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.