MIRA
INFORM REPORT
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Report Date : |
16.08.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1996 |
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Com. Reg. No.: |
141101, |
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Legal Form : |
Societe Anonyme Egyptienne – SAE (Egyptian Joint Stock Company) |
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Line of Business : |
Engaged in the construction, ownership and management of
restaurants, taverna restaurants, aquatic parks and swimming pools. |
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
Company Name :
Country of Origin :
Legal Form :
Egyptian Joint Stock Company
Registration Date :
1996
Commercial Registration Number :
141101,
Issued Capital :
£E 250,000
Paid up Capital :
£E 250,000
Total Workforce :
18
Line of Business :
Construction, ownership and management of
restaurants, taverna restaurants, aquatic
parks and
swimming pools.
Financial Condition :
Undetermined
Payments :
Nothing detrimental uncovered
COMPANY NAME
ADDRESS
Registered & Physical Address
Building :
Street :
Area : Louran
Town :
Country :
Telephone : (20-3) 5844625
Facsimile : (20-3) 5832500
Premises
Subject operates from a small suite of offices that are rented and
located in the Suburban Business Area of Alexandria.
Branch Office (s)
Location Description
KEY PRINCIPALS
Samia Moustafa El Sayed Ali Chairman
Sherin El Sayed Ali Director
Moustafa Moustafa El Sayed Ali Director
Mohamed Shehata General
Manager
Magdy Khalil Commercial
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1996
Legal Form :
Societe Anonyme Egyptienne – SAE (Egyptian Joint Stock Company)
Commercial Reg. No. : 141101,
Issued Capital : £E
250,000
Paid up Capital : £E
250,000
Name of Shareholder
(s)
Samia Moustafa El Sayed Ali
Sherin El Sayed Ali
Moustafa Moustafa El Sayed Ali
Note to the Legal Form
The Egyptian Company Law provides that the capital of a Societe
Anonyme Egyptienne - SAE – should not be
less than £E 500,000 if shares are offered to the public and £E 250,000 if not. If shares are
offered to the public they are freely transferable, if not, transfer may be
restricted. Liability of shareholders is limited.
LINE OF BUSINESS
Operations : Engaged in the construction,
ownership and management of restaurants, taverna restaurants, aquatic parks and
swimming pools.
Subject has a workforce of 18 employees.
FINANCIAL HIGHLIGHTS
Companies registered in
BANKERS
National Bank of
21,
Tel : (20-3) 4824802 / 4825715
Egyptian Saudi Finance Bank
8 Bany El Abbasy Street
Tel: (20-3) 4875672
Al Watany Bank of
Tel: (20-3) 5745621
Fax: (20-3) 5703282
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. |
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%)