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MIRA
INFORM REPORT
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Report Date : |
14th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
EGYPTIAN TANK PLANT (FACTORY 200) |
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Registered Office : |
9 Mahmoud Talaat Street Abu Zaabal Industrial Zone, Kaliubeya Cairo, Egypt |
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Country : |
Egypt |
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Date of Incorporation : |
1984 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacture,
maintenance and repair of tanks and armoured vehicles |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 1,500,000 |
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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 |
EGYPTIAN TANK PLANT (FACTORY 200) |
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Country of Origin |
Egypt |
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Legal Form |
Egyptian Joint Stock Company |
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Registration Date |
1984 |
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Issued Capital |
ŁE 105,505,000 |
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Paid up Capital |
ŁE 105,505,000 |
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Total Workforce |
2,000 |
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Line of Business |
Manufacture,
maintenance and repair of tanks and armoured vehicles |
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Financial Condition |
Undetermined |
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Payments |
Nothing detrimental uncovered |
COMPANY NAME
EGYPTIAN TANK PLANT (FACTORY 200)
ADDRESS
Registered & Physical Address
Street : 9 Mahmoud Talaat Street
Area : Abu Zaabal Industrial Zone, Kaliubeya
Town : Cairo
Country : Egypt
Telephone : (20-2) 2818028 / 2818027 / 2818022
Facsimile : (20-2) 2818039
Premises
Subject operates from a large suite of offices and a factory that are owned and located in the Industrial Area of Cairo.
KEY PRINCIPALS
Nabil Ahmed Moaz Chairman
Mohamed Mohamed Mongy Finance Manager
Gamal Tawfik Ibrahim Marketing Manager
Gamal Erfan Administration Manager
LEGAL FORM & OWNERS
Date of Establishment : 1984
Legal Form : Societe Anonyme Egyptienne – SAE (Egyptian Joint Stock Company)
Issued Capital : ŁE 105,505,000
Paid up Capital : ŁE 105,505,000
Name of Shareholder (s) Percentage
National Organisation for Military Production (NOMP) * 100 %
19, El Falaky Street
Abdin
Cairo
Tel : (20-2) 3551428
Fax : (20-2) 3553617
* National Organisation for Military Production (NOMP) is wholly owned by the government of Egypt and is responsible to the Ministry of Military Production.
Ministry of Military Production
5, Ismail Abaza Street
Dareeh Saad
Cairo
Tel : (20-2) 5941589
Fax : (20-2) 5941614
Note to the Legal Form
The Egyptian Company Law provides that the
capital of a Societe Anonyme Egyptienne - SAE – should not be less than ŁE
500,000 if shares are offered to the public and ŁE 250,000 if not. If shares
are offered to the public they are freely transferable, if not, transfer may be
restricted. Liability of shareholders is limited.
AFFILIATED COMPANIES
Subject is wholly owned by the National Organisation for Military Production (NOMP), which also holds stakes in the following concerns :
Abu Kir Co for Engineering Industries SAE (Factory 10)
Abu Kir Industrial City
Alexandria
Tel : (20-3) 5601410 / 5601378 / 5303631
Fax : (20-3) 5603392
Abu Zaabal Co for Speciality Chemicals SAE (Factory 18)
Abu Zaabal Al Balad
Heliopolis
Cairo
Tel : (20-2) 2910011 / 4698936 / 4698957
Fax : (20-2) 4698936
Abu Zaabal Co for Engineering Industries SAE (Factory 100)
9, Mahmoud Talaat Street
Heliopolis West
PO Box : 5888
Cairo
Tel : (20-2) 2916962 / 4695222
Fax : (20-2) 4691228
Benha Co for Electronic Industries SAE (Factory 144)
El Ashraf Street
Atrieb
Kaliubiya 13779
Tel : (20-13) 222891 / 222447
Fax : (20-13) 224237
Computer Centre SAE
7, Maamal El Sokar Street
Garden City
Cairo
Tel : (20-2) 3551071
Heliopolis Co for Chemical Industries SAE (Factory 81)
Sindbad Road
Haykstep, Heliopolis
Cairo
Tel : (20-2) 2810899 / 2810898
Fax : (20-2) 2810828
Helwan Engineering Industries SAE (Factory 99)
Helwan
PO Box : 11726
Cairo
Tel : (20-2) 5552390 / 5552389
Fax : (20-2) 5552394
Helwan Co for Metallic Appliances (Factory 360)
Potarf
Helwan
Cairo
Tel : (20-2) 5561805 / 5561709
Fax : (20-2) 5562983
Helwan Co for Machine Tools SAE (Factory 999)
Ein Helwan, Helwan
PO Box : 1726
Cairo
Tel : (20-2) 5556800
Fax : (20-2) 5552548
Helwan Iron Foundries SAE (Factory 9)
Ein Helwan, Helwan
Cairo
Tel : (20-2) 5552257 / 5552264
Fax : (20-2) 5552260 / 5552263
Helwan Co for Diesel Engines SAE (Factory 909)
Shubra El Khaima, Road No. 15
PO Box : 33
Helwan
Cairo
Tel : (20-2) 5553845 / 5788840
Fax : (20-2) 2202513
Kaha Co for Chemical Industries SAE (Factory 270)
Kaha Industrial Area
Kaliubiya 13779
Tel : (20-13) 600441 / 600300
Fax : (20-13) 600191 / 600788
Maasara Co For Engineering Industries SAE (Factory 45)
Corniche El Nil
PO Box : 11713
Cairo
Tel : (20-2) 3697578 / 3697873 / 3697445 / 3697615
Fax : (20-2) 3696025
Shubra Co for Engineering Industries SAE (Factory 27)
Teraat El Ismailia Road
Shubra
PO Box : 11241, Magd El Eslam
Cairo
Tel : (20-2) 2839348 / 4267716 / 4267709
Fax : (20-2) 4267710
Maadi For Engineering Industries SAE (FACTORY 54)
Corniche El Nil Street
Maadi
PO Box : 414
Cairo
Tel : (20-2) 3581722 / 3582715 / 3584008 / 3516567 / 3582824
Fax : (20-2) 3581855
LINE OF BUSINESS
Operations
: Engaged in the
manufacture, maintenance and repair of tanks and armoured vehicles.
Import
Countries : Europe and the United States of
America.
Subject has a workforce of approximately 2,000 employees.
FINANCIAL HIGHLIGHTS
Companies registered in Egypt are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.
BANKERS
Export Development Bank of Egypt
108 Mohi El Din Abu El Ezz Street
Mohandessin
Cairo 11111
Tel : (20-2) 3619005 / 3385877
Fax : (20-2) 3385940 / 3385938
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 100,000
Egyptian
Tank Plant (Factory 200) is a leading concern in the production of military
tanks and armoured vehicles.
Subject is a wholly owned subsidiary of the National Organisation for Military Production (NOMP) which in turn is a state owned concern, directly responsible to the Ministry of Military Production; as such it is deemed trustworthy for respecting its financial trade commitments.
Maximum suggested credit figure: US$ 1,500,000
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 |