MIRA
INFORM REPORT
|
Report Date : |
30.08.2007 |
IDENTIFICATION DETAILS
|
Name : |
LABIB IBRAHIM
ALAWADY ALKHAWAGA AND COMPANY |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
1st February 2007 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Engaged in the
import and distribution of medical and dental products. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
US$ 35,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : LABIB IBRAHIM ALAWADY ALKHAWAGA AND COMPANY
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1st February 2007
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Total Workforce : 6
Line of Business : Distributors of medical and dental products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
LABIB IBRAHIM
ALAWADY ALKHAWAGA AND COMPANY
ADDRESS
Registered & Physical Address
Street :
Area :
Town :
Country :
Telephone : (20-2) 37711024
Facsimile : (20-2) 37711024
Email : khawaga5@hotmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Cairo.
KEY PRINCIPALS
·
Labib
Ibrahim Alawady Alkhawaga Managing
Partner
·
Dr
Rami Ali Mostafa Partner
·
Dr
Ahmed Abdulaziz Al Sayed Partner
LEGAL FORM &
OWNERS
Date of Establishment : 1st
February 2007
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Name of Partner (s)
·
Labib
Ibrahim Alawady Alkhawaga
·
Dr
Rami Ali Mostafa
·
Dr
Ahmed Abdulaziz Al Sayed
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
medical and dental products.
Import Countries
: Europe and the
Subject has a
workforce of 6 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
·
Arab
Investment Bank
Tel : (20-2) 25761252
Fax : (20-2) 25770329
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 100,000:
Investigations
undertaken in Cairo did not reveal any sign of payment defaults or delays
during initial trading stages, and subject is believed to meet its payment
obligations in a timely manner, nevertheless, and in view of the company’s
infancy and the lack of a more consistent payment and financial record, a
measure of caution is advisable and a close monitoring of subject’s business
development is recommended.
Maximum suggested
credit figure: US$ 35,000
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)