Like always. Answer is found as soon as issue posted
There was missing SNAT rule:
iptables -t nat -A POSTROUTING -d M -p tcp --dport 25 -j SNAT --to-source W
iptables -t nat -A POSTROUTING -d M -p tcp --dport 143 -j SNAT --to-source W
iptables -t nat -A POSTROUTING -d M -p tcp --dport 993 -j SNAT --to-source W
maybe someone might find this useful. regards.