MIRA
INFORM REPORT
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Report Date : |
1st
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
CAIRO TEA FACTORY |
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Formerly Known As : |
EZZ HASSAN IBRAHIM SONS |
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Registered Office : |
1 Sedy Abo Khalil Street El Talbeya, El Haram Cairo, Egypt |
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Country : |
Egypt |
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Financials (as on) : |
31/12/2005 |
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Date of Incorporation : |
1975 |
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Com. Reg. No.: |
333, 6th of October City |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacturers, blenders and packagers of
tea. |
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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Maximum Credit Limit : |
US$ 200,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
SUMMARY
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Company Name |
CAIRO TEA FACTORY |
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Also Known As |
EZZ HASSAN IBRAHIM SONS |
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Country of Origin |
Egypt |
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Legal Form |
Limited Liability Partnership |
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Registration Date |
1975 |
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Commercial Registration Number |
333, 6th of October City |
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Issued Capital |
£E 2,000,000 |
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Paid up Capital |
£E 2,000,000 |
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Total Workforce |
50 |
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Line of Business |
Manufacturers, blenders and packagers of tea. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
CAIRO
TEA FACTORY
ALSO KNOWN AS
EZZ
HASSAN IBRAHIM SONS
ADDRESS
Registered & Physical Address
Street : 1 Sedy Abo Khalil Street
Area : El Talbeya, El Haram
Town : Cairo
Country : Egypt
Telephone : (20-2) 5867815
Facsimile : (20-2) 5867815
Premises
Subject operates from a small suite of offices that are rented and located in the Central Business Area of Cairo.
Branch
Offices
Location Description
6th of October City Factory premises
Tel : (20- ) 8332705
KEY PRINCIPALS
Abdul Mohsen Ezz Hassan Ibrahim Managing Partner
Ahmed Ezz Hassan Ibrahim Partner
Hassan Ezz Hassan Ibrahim Partner
LEGAL FORM & OWNERS
Date of Establishment : 1975
Legal Form : Sharikat Tadhamun Bill Asshum (Limited Liability Partnership)
Commercial Reg. No. : 333, 6th of October City
Issued Capital : £E 2,000,000
Paid up Capital : £E 2,000,000
Name of Partner (s)
Abdul Mohsen Ezz Hassan Ibrahim
Ahmed Ezz Hassan Ibrahim
Hassan Ezz Hassan Ibrahim
LINE OF BUSINESS
Operations :
Engaged in the manufacture, blending and packaging of tea.
Import Countries : Europe and the Far East.
Brand Names : GREEN TEA, TEMPLE and NOUR
ELMESBAH.
Operating Trend : Steady
Subject has a workforce of 50 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Egyptian Pounds (£E)
Year Ending 31/12/04 : Year Ending 31/12/05 :
Total Revenue £E 12,200,000 £E 13,480,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
Arab International Bank
35 Abdel Khalek Tharwat
Cairo
Tel : (20-2) 3916210
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 100,000
Established in 1975, subject is involved in the manufacture, blending and packaging of tea under a number of well known brand names.
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 business is considered to be a fair trade risk and the above credit figure is deemed to be within subject’s financial means.
Maximum suggested credit figure: US$ 200,000
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |