MIRA
INFORM REPORT
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Report Date : |
27.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
GAD ELECTRICAL
INDUSTRIES |
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Registered Office : |
36
Roushdy Street, Abdin, Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
1986 |
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Com. Reg. No.: |
3542 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged
in the manufacture of all kinds of electric lamps. |
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 : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : GAD ELECTRICAL INDUSTRIES
Also Known As : GAD LIGHTING
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1986
Commercial Registration Number : 3542
Tax Card Number : 325-269-793
Issued Capital : £E 25,000,000
Paid up Capital : £E 25,000,000
Total Workforce : 150
Line of Business : Manufacture of all kinds of electric lamps.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
GAD ELECTRICAL
INDUSTRIES
ALSO KNOWN AS
GAD LIGHTING
ADDRESS
Registered & Physical Address
Street : 36
Roushdy Street
Area : Abdin
Town : Cairo
Country : Egypt
Telephone : (20-2) 3919360
Facsimile : (20-2) 3929075
Premises
Subject operates
from a large suite of offices that are rented and located in the Suburban Business
Area of Cairo.
Branch Office (s)
Location Description
·
3rd
Industrial Zone B3, Plot 7 Factory
premises
Sharkeya
Tenth of Ramadan
City
Tel: (20-15)
380537
Fax: (20-15)
380539
KEY PRINCIPALS
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Mahmoud
Gad Managing
Partner
·
Amr
Mahmoud Gad Partner
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Hamdy
Imam Finance
Manager
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Abdallah
Abd El Aziz Accounts
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1986
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 3542
Tax Card No. : 325-269-793
Issued Capital : £E 25,000,000
Paid up Capital : £E 25,000,000
Name of Partner (s)
·
Mahmoud
Gad
·
Amr
Mahmoud Gad
LINE OF BUSINESS
Operations : Engaged in the
manufacture of all kinds of electric lamps.
Import Countries
: Japan, India and Europe
Brand Names : DEMA
Subject has a
workforce of approximately 150 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
·
Industrial
Development Bank of Egypt
110 El Galaa Street
Cairo
Tel: (20-2) 5779087
Fax: (20-2) 5796031
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$ 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 |
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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%)