MIRA INFORM REPORT

 

 

Report No. :

356732

Report Date :

31.12.2015

 

IDENTIFICATION DETAILS

 

Name :

UNIVERSAL ELECTRO ENGINEERING BSCC

 

 

Registered Office :

Building 161/330Road 4304/4306Mina Salman Industrial Area, Block 343, PO Box 728, Manama

 

 

Country :

Bahrain

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

12.12.1976

 

 

Com. Reg. No.:

5303-1

 

 

Legal Form :

Bahraini Shareholding Company Closed BSC ©

 

 

Line of Business :

Engaged in the import and distribution of electronic and engineering equipment, switchboards, transformers, substations and related equipment.

 

 

No. of Employees :

25

 

 

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

 

Status :

Satisfactory

Payment Behaviour :

Slow but correct

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 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Bahrain

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

 

Company name

 

UNIVERSAL ELECTRO ENGINEERING BSCC

 

ORDER DETAILS

 

Business/ Subject Name

:

UNIVERSAL ELECTRO ENGINEERING (NF)

Country

:

Bahrain

 

IDENTIFICATION & CONTACT DETAILS

 

1) Name (s):

Organization Official Name

:

UNIVERSAL ELECTRO ENGINEERING BSCC

 

2) Registered Address:

Address

:

Building 161/330Road 4304/4306Mina Salman Industrial Area, Block 343

Town

:

Manama

Country

:

Bahrain

PO Box

:

728

Phone (s)

:

(973-17) 165223

 

 

(973-17) 826644

Facsimile

:

(973-17) 827090

Email

:

uneeco@uneeco.com

 

 

gshanthakumar@uneeco.com

 

3) Operational Address & Contact Details:

Address

:

Building 161/330Road 4304/4306Mina Salman Industrial Area, Block 343

Town

:

Manama

Country

:

Bahrain

PO Box

:

728

Phone (s)

:

(973-17) 165223

 

 

(973-17) 826644

Facsimile

:

(973-17) 827090

Email

:

uneeco@uneeco.com

 

 

gshanthakumar@uneeco.com

:

LEGAL FORM & INCORPORATION (REGISTRATION) DETAILS

 

Legal Form - Category

:

Bahraini Shareholding Company Closed BSC ©

Date of Registration

:

12th December 1976

Authorised Capital

:

BD 500,000

Commercial Registration Number

:

5303-1

KEY FACTS

 

Operational Status

:

Steady

Financial Condition

:

Fair

Primary Business Activity

:

Distributors of electronic and engineering equipment

Number of Employees

:

25

Capital

:

BD 350,000

Note:

Engaged in the import and distribution of electronic and engineering equipment, switchboards,
transformers, substations and related equipment.
Subject’s products include:
• Medium Voltage Equipment
• Vacuum Circuit Breaker Switchboards
• SF6 Circuit Breaker Switchboards
• SF6 Ring Main Units
• LV and MV power switchgear products.
• Control and automation products.
• Microprocessor based relays.
• Cable joints
• Heat shrink power cable joints & Terminals.
• Surge arrestors.
• Overhead conductor rails for traveling cranes in industries, ports
• Distribution Transformers from 25 kVA to 3150 kVA.
• Cast Resin Transformers up to 5 MVA.
• Power Transformers from 5 MVA to 500 MVA/ 500 kV.
• Package substations.
• Connectors, sockets and associated hand tools.
• Hydraulic and manual compression tools.
• Door-answering units.
• Sophisticated video entry security systems.
• Luxury condo/apartment security/communication systems.
• Simple 2-point intercom.
• Power cables.
• Extra high voltage cables with synthetic insulation.
• PRISMA range, fully "Type Tested Assembly" - TTA- switchgear.
• The Power Control Centres-PCC.
• Motor Control Centres-MCC.
• Pump control panels, control desks for the residential, commercial and industrial units.

 

CAPITAL DETAILS

 

Issued Capital:

No of Shares

No of Shares

Amount

N/A

N/A

BD 350,000

 

Paid Up Capital:

No of Shares

No of Shares

Amount

N/A

N/A

BD 350,000

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

Currency: Bahraini Dinar (BD)

 

Year Ending 31/12/13

Year Ending 31/12/14

Total Sales

BD 2,100,000

BD 2,300,000

Local sources consider subject’s financial condition to be Fair.

The above financial figures are based on estimations by our local sources.

 

BANKERS

 

1

Name

HSBC Bank Middle East

 

Address

93 Al Khalifa Avenue

 

PO Box

57 Manama 304

 

Tel

(973-17) 224555

 

 

(973-17) 222158

 

Fax

(973-17) 226822

 

Mail

bbmemnm@batelco.com.bh

 

SHAREHOLDERS

 

Sr.No

Name

Nationality

1

Bin Juma Holding Co WLL

n/a

2

Abdulla Mohamed Abdulla Juma

Bahraini

3

Abdulrahman Mohamed Abdulla Juma

Bahraini

 

SENIOR MANAGEMENT

 

Sr.No

Name

Nationality

Dsignation

1

Abdulla Mohamed Abdulla Juma

Bahraini

Managing Director

2

Abdulrahman Mohamed Abdulla Juma

Bahraini

Director

 

AFFILIATED COMPANIES

 

Sr.No

Name

1

Bahrain Computer Support Centre

2

Universal Laboratories

3

Smart Home Automation

4

 Technical Protection Engineering

5

 

 

INTERNATIONAL TRADE ACTIVITY MARKETS

 

Sr.No

Country

Activity

1

Europe

Import

2

Far East

Import

 

International Suppliers:

Sr.No

Name

Country

1

Schneider Electric Industries SA

France

2

 Tyco Electronics Raychem GmbH

Germany

3

 Wampfler

Germany

4

 Pauwels International N.V

Belgium

5

Saudi Transformers Co Ltd

Saudi Arabia

6

 Cembre

Italy

7

 AMP-Simel

France

8

Marshall-Tufflex

United Kingdom

9

 Al Ahleia Switchgear Co

Kuwait

10

 Instrument Transformers Ltd

United Kingdom

11

Aiphone

Japan

12

 Zenitel Norway ASA

Norway

13

 Saudi Cable Co

Saudi Arabia

14

 Sagem SA

France

 

PREMISES

 

Subject operates from a medium sized suite of offices that are rented and located in the Industrial Area of Manama.

 

PAYMENT

 

Slow but correct

 

ADVERSE DATA

 

Performance Defaults

:

No record found

Payment Defaults

:

No record found

Adverse Press Coverage

:

No record found

Litigations

:

No record found

Former Business Relationships

:

No record found

 

INVESTIGATOR'S 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.66.42

UK Pound

1

Rs.98.55

Euro

1

Rs.72.60

BD

1

Rs.175.51

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TPT

 

               

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.