MIRA
INFORM REPORT
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Report Date : |
4th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
MENOUS
IMPORT EXPORT AGENCY |
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Registered Office : |
102
Nafeq El Sabtia Street, Cairo, Egypt |
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Country : |
Egypt |
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Date of Incorporation : |
1954 |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
The
company is engaged in the import and distribution of agricultural products,
including diesel engines, pumps and related accessories. |
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$
100,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
SUMMARY
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Company Name |
MENOUS IMPORT EXPORT AGENCY |
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Country of Origin |
Egypt |
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Legal Form |
Sole Proprietorship |
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Registration Date |
1954 |
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Commercial Registration Number |
267396, Cairo |
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Invested Capital |
£E 150,000 |
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Total Workforce |
10 |
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Line of Business |
Distributors of agricultural products, including diesel engines, pumps and related accessories. |
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Financial Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating Trend |
Steady |
COMPANY NAME
MENOUS
IMPORT EXPORT AGENCY
ADDRESS
Registered & Physical
Address
Street : 102 Nafeq El Sabtia Street
Town : Cairo
Country : Egypt
Telephone : (20-2) 5773290
Facsimile : (20-2) 5773209
Mobile : (20-10) 5004478
Email : mahermenous@yahoo.com
Premises
Subject
operates from a small suite of offices and a warehouse that are owned and
located in the Central Business Area of Cairo.
KEY PRINCIPALS
·
Maher
Jaber Saad Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1954
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 267396, Cairo
Invested
Capital : £E 150,000
Mr Maher
Jaber Saad is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of agricultural products, including diesel
engines, pumps and
related accessories.
Import
Countries :
India
International Suppliers :
·
Colster India
·
Topland India
·
Adeco India
Operating
Trend : Steady
Subject
has a workforce of 10 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Egyptian Pound (£E)
Year Ending
31/12/04 : Year
Ending 31/12/05 :
Total
Revenue £E 4,600,000 £E
4,850,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Banque
du Caire Barclays Internationale SAE
12 Midan El Sheikh Youssef Street
Garden City
PO Box : 110, Maglis El Shaab
Cairo
Tel : (20-2) 3542195 / 3549415 / 3549422
Fax : (20-2) 3552746
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established
in 1954, subject is owned and managed by Mr Maher Jaber Saad who is well
respected in the local business community.
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.
Maximum
suggested credit figure of: US$ 100,000
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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