MIRA
INFORM REPORT
|
Report Date : |
20.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
ROTO PACK MISR
COMPANY FOR PRINTING PACKAGING MATERIAL SAE |
|
|
|
|
Registered Office : |
Industrial
Zone A2, 8A/4A 18/4B, El-Madina Street, Cairo / Ismailia Desert Road,
Sharkeya, P O Box 434, Tenth
of Ramadan City |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Date of Incorporation : |
1994 |
|
|
|
|
Com. Reg. No.: |
52385 |
|
|
|
|
Legal Form : |
Egyptian Joint Stock Company |
|
|
|
|
Line of Business : |
Engaged in the
manufacture of polypropylene and polyethylene flexible films. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 200,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : ROTO PACK MISR COMPANY FOR PRINTING PACKAGING
MATERIAL SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 1994
Commercial Registration Number : 52385
Issued Capital : £E 27,000,000
Paid up Capital : £E 27,000,000
Total Workforce : 137
Line of Business : Manufacturers of polypropylene and polyethylene flexible films.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
ROTO PACK MISR
COMPANY FOR PRINTING PACKAGING MATERIAL SAE
ADDRESS
Registered & Physical Address
Building : Industrial
Zone A2, 8A/4A 18/4B
Street : El-Madina
Street, Cairo / Ismailia Desert Road
Area : Sharkeya
PO Box : 434
Town : Tenth of Ramadan City
Country : Egypt
Telephone : (20-15) 413099 / 413110 / 413170
Facsimile : (20-15) 413108
Mobile : (20-10) 5269518
Email : rotopack@link.net
Premises
Subject operates from
a large suite of offices and a factory that are rented and located in the
Industrial Area of Tenth of Ramadan City.
KEY PRINCIPALS
·
Derrar El
Ghanem Chairman
·
Amr Nabil
Shetta Vice
Chairman
·
Mohamed Abd
El-Salam El Bakary Managing
Director
·
Hany Jean
Tanous Director
·
Fawzy Elias
Farag Director
·
Ayad El Dogy Director
·
Abd El Fattah Abd El Aziz Finance Manager
·
Gian Paolo
Massimo General
Manager
·
Farag Abd El
Naby Accountant
Manager
·
Shaaban El
Sayd Production
Manager
·
Yaccoub Fayez Engineering
Manager
·
Mohamed
Ibrahim Technical
Manager
·
Mahmoud Attwa Human
Resources Manager
LEGAL FORM & OWNERS
Date of Establishment : 1994
Legal Form :
Societe Anonyme Egyptienne -
SAE (Egyptian Joint Stock Company)
Commercial Reg. No. : 52385
Issued Capital : £E 27,000,000
Paid up Capital : £E 27,000,000
Name of Shareholder (s) Percentage
·
Porta
Egypt for Packaging Materials 99.5%
·
Local
businessmen and private investors 0.5%
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 manufacture of polypropylene
and polyethylene flexible films.
Production
Capacity : 450 tonnes per month.
Import Countries
: Europe and the Far East.
Subject has a
workforce of 137 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
·
Export
Development Bank of Egypt
1st District Centre
Group D
Sharkeya
Tenth of Ramadan City
Tel : (20-15) 367203
Fax : (20-15) 362638 / 362639
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 150,000:
Established in
1994, subject is involved in the manufacture of polypropylene and polyethylene
flexible films.
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$ 200,000
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%)