MIRA
INFORM REPORT
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Report Date : |
03.08.2007 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL GRAIN CO |
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Registered Office : |
4A El |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1996 |
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Legal Form : |
Sharikat Tadhamun Bill Asshum (Limited Liability Partnership) |
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Line of Business : |
Engaged in the import and distribution of grain and seeds |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name :
INTERNATIONAL GRAIN CO
Country of Origin :
Legal Form :
Limited Liability Partnership
Registration Date :
1996
Issued Capital :
£E 100,000
Paid up Capital :
£E 100,000
Total Workforce :
15
Line of Business :
Distributors of grain and seeds.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
COMPANY NAME
INTERNATIONAL GRAIN CO
ADDRESS
Registered & Physical Address
Location : 4a El
Town :
Country :
Telephone : (20-2) 25272415 / 25272416
Facsimile : (20-2) 25265431
Email : graincoinfo@grain.co.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Cairo.
KEY PRINCIPALS
Khalid Hassan Mohsen
Mohamed Managing
Partner
Amer Hassan
Mohsen Mohamed Partner
Ahmed Yousef Finance
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1996
Legal Form : Sharikat
Tadhamun Bill Asshum (Limited Liability Partnership)
Issued Capital : £E
100,000
Paid up Capital : £E 100,000
Name of Partner (s)
Khalid Hassan
Mohsen Mohamed
Amer Hassan
Mohsen Mohamed
LINE OF BUSINESS
Operations :
Engaged in the import and distribution of grain and seeds.
Import Countries :
Europe and the
Operating Trend :
Steady
Subject has a workforce of 15 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
8,200,000 £E
8,670,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
Commercial International Bank (CIB)
PO Box : 2430
Tel : (20-2) 5703043
Fax : (20-2) 5703172 / 5072691
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 100,000:
Established in 1996, subject is owned and managed by Mr Khalid Hassan Mohsen Mohamed and Mr Amer
Hassan Mohsen Mohamed who are well respected in the local business community.
Local sources report that payment obligations are met in a generally
timely manner and the operating history is clear. As such the company is deemed
a fair trade risk and the above credit figure is considered to be within
subject’s financial means.
Maximum suggested credit figure: US$ 150,000
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%)