Avoid Bad Companies for job and businesses
Owing to no complusory liquidation law, many many insolvent contracting companies are operating in Qatar, that are virtually destroying off the small small sub contractors and suppliers, with no legal check on them at all.
Insolvent is a company that is having more payables than all of their assets. If somebody has total assets of 1 million and payables of 4 million, then in the accounting term, he is bankrupt or insolvent, because he cannot pay with only 1 million in hand.
Few of such companies are here:
Hamton International, A totally bankrupt company with no ability to pay.
Muntasser Contracting, Avod it.
Radius Engineering, is almost a dead company.
Powermech Engineering, is the worst in payment and invoice cuttings.
Construction & Reconstruction Co. Delays the payments for long time.
Al Bandary Engineering, delays the payments for long time.
Sharpoorji Pollounji, delays the payment for long time.
Darwish Engineering, slow moving company, with payment issues.
SEG, a lost company, with no future.
Powerline company (PLQ), very slow payment.
PAT Engineering, Almost a dead company.
Kingspan, believes in Master, slave business relationship.
Colonnade, belives in Master, slave business relationship.