MIRA
INFORM REPORT
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Report Date : |
23.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
AL MOUSTAFA FOR
INDUSTRIES & DESIGNS |
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Registered Office : |
Adnan El Madani
Street, Giza, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1999 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged
in the manufacture of drier for paints and inks, as well as chemical materials
for fruits maturation. |
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 : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
SUMMARY
Company Name : AL MOUSTAFA FOR INDUSTRIES & DESIGNS
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1999
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 25
Line of Business : Engaged in the manufacture of chemicals
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
AL MOUSTAFA FOR
INDUSTRIES & DESIGNS
ADDRESS
Registered & Physical Address
Street : Adnan El Madani Street
Area : Giza
Town : Cairo
Country : Egypt
Telephone : (20-2) 3038115 / 3465461
Facsimile : (20-2) 3031181
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the
Suburban Business Area of Cairo.
Branch Office (s)
Location Description
·
4th
Industrial Zone Factory
premises
6th
of October City
Tel: (20-2)
8311157
Fax: (20-2)
8311158
Mob: (20-10)
1797573
KEY PRINCIPALS
·
Moustafa
Abd El Rahman Managing
Partner
·
Hesham
Abd El Latif Abu El Atta Partner
LEGAL FORM &
OWNERS
Date of Establishment : 1999
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Name of Partner (s)
·
Moustafa
Abd El Rahman
·
Hesham
Abd El Latif Abu El Atta
LINE OF BUSINESS
Operations : Engaged in the
manufacture of drier for paints and inks, as well as chemical materials for
fruits maturation.
Import Countries
: Turkey, Spain and India.
Operating Trend
: Steady
Subject has a
workforce of 25 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Egyptian
Pounds (£E)
Year
Ending 31/12/05: Year
Ending 31/12/06:
Total Revenue £E 7,400,000 £E 8,100,000
Local sources consider
subject’s financial condition to be Fair.
BANKERS
·
National Bank
of Egypt
24, Sherif Street
Cairo
Tel : (20-2) 3924175
Fax : (20-2) 3924143
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 100,000
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
within subject’s financial means.
Maximum suggested
credit figure: 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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)