MIRA
INFORM REPORT
|
Report Date : |
16th
June, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
EL
JAWHARA EL ZAHABIA & COMPANY |
|
|
|
|
Registered Office : |
Marouf
Tower, 8th Floor, Office No. 85, 33A Ramsis Street, Tahrir Square Cairo,
Egypt |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Date of Incorporation : |
16.04.2003 |
|
|
|
|
Com. Reg. No.: |
948 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
The
company is engaged in the Processing, Blending and Packing of Tea. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
US$
500,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : EL JAWHARA EL ZAHABIA & CO
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 16th April 2003
Commercial Registration Number : 948
Tax Number : 703-633-112
Issued Capital : £E 5,000,000
Paid up Capital : £E 5,000,000
Total Workforce : 120
Line of Business : Processors, blenders and packagers of tea.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
EL
JAWHARA EL ZAHABIA & CO
ADDRESS
Registered & Physical
Address
Building : Marouf Tower, 8th
Floor, Office No. 85
Street : 33A Ramsis Street
Area : Tahrir Square
Town : Cairo
Country : Egypt
Telephone : (20-2) 5760035 / 5767793 / 5763668
Facsimile : (20-2) 5761116 / 5799222
Email : asalama@eljawharagroup.net
Premises
Subject
operates from a medium sized suite of offices that are rented and located in
the Central Business Area of Cairo.
Branch Offices
Location Premises
·
Housh
Eisa Factory
premises
Behaira
Tel : (20-45) 2702804 /
2702805
Fax : (20-45) 2702801 /
2204570
KEY PRINCIPALS
·
Hamdy
Abdul Maksoud Quriytam Managing
Partner
·
Mahrous
Abdul Maksoud Quriytam Partner
·
Mohamed
Hamdy Abdul Maksoud Quriytam Partner
·
Alaa
Hamdy Abdul Maksoud Quriytam Partner
·
Medhat
Hamdy Abdul Maksoud Quriytam Partner
·
Anwar
Hamdy Abdul Maksoud Quriytam Partner
·
Mohamed
El Wakkad Export
Manager
·
Adel
Salama Commercial
Manager
·
Ali
El Ghoniam Administration
Manager
·
Mohamed
Saeed Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 16th April 2003
Legal Form : Sharikat Tadhamun Bill Asshum (Limited Liability Partnership)
Commercial Reg. No. : 948
Trade Licence No. : 703-633-112
Issued
Capital : £E 5,000,000
Paid
up Capital : £E 5,000,000
Name of Partner (s)
·
Hamdy
Abdul Maksoud Quriytam
·
Mahrous
Abdul Maksoud Quriytam
·
Mohamed
Hamdy Abdul Maksoud Quriytam
·
Alaa
Hamdy Abdul Maksoud Quriytam
·
Medhat
Hamdy Abdul Maksoud Quriytam
·
Anwar
Hamdy Abdul Maksoud Quriytam
LINE OF BUSINESS
Operations
: Engaged in the processing,
blending and packing of tea.
Import
Countries : India and Sri Lanka.
Brand
Names : EL
JAWHARA
Operating
Trend : Steady
Subject
has a workforce of 120 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
16,590,000 £E
20,300,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Arab
Bank Plc
PO Box : 68
Cairo
Tel : (20-2) 3029069 / 3029070
Fax : (20-2) 3029068
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000
Established
in 2003, subject is involved in the processing, blending and packing of tea
under the brand name El Jawhara.
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 and the above credit
figure is deemed to be within subject’s financial means.
Maximum
suggested credit figure: US$ 500,000
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |