MIRA
INFORM REPORT
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Report Date : |
23rd
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
KREEM ELDEEN ALI ALI MOHD HASSAN |
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Registered Office : |
30th
Street and Mohamed Ali Street, Port Said, Egypt |
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Country : |
Egypt |
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Date of Incorporation : |
1999 |
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Com. Reg. No.: |
43795, Port Said |
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Legal Form : |
Mouassasa
Khassa (Sole Proprietorship) |
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Line of Business : |
Engaged
in the wholesale and retail of ready made garments, scarves and rugs. |
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
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Company
Name |
KREEM ELDEEN ALI ALI MOHD HASSAN |
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Country
of Origin |
Egypt |
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Legal
Form |
Sole Proprietorship |
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Registration
Date |
1999 |
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Commercial
Registration Number |
43795, Port Said |
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Invested
Capital |
£E 150,000 |
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Total
Workforce |
12 |
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Line
of Business |
Wholesalers and retailers of ready made garments, scarves and rugs. |
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Financial
Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating
Trend |
Steady |
COMPANY NAME
KREEM
ELDEEN ALI ALI MOHD HASSAN
ADDRESS
Registered & Physical Address
Location : 30th Street and Mohamed
Ali Street
Town : Port Said
Country : Egypt
Telephone : (20-66) 3238385
Facsimile : (20-66) 3226611
Mobile : (20-12) 2737461
Premises
Subject
operates from a small suite of offices and a showroom that are rented and
located in the Central Business Area of Port Said.
Branch Offices
Location Description
· Building No. 48, Flat No. 15 Office
premises
El Hezb El Watani
Port Said
Tel
: (20-66) 3426219
KEY PRINCIPALS
· Kreem Eldeen Ali Ali Mohd Hassan Proprietor &
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1999
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Commercial Reg. No. : 43795, Port Said
Invested
Capital : £E 150,000
Mr Kreem
Eldeen Ali Ali Mohd Hassan is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations
: Engaged in the
wholesale and retail of ready made garments, scarves and rugs.
Import
Countries :
India, China and Malaysia.
Operating
Trend : Steady
Subject
has a workforce of 12 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Egyptian Pound (£E)
Year Ending
31/12/04 : Year
Ending 31/12/05 :
Total
Revenue £E 5,800,000 £E
6,050,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Societe
de Banque
El Shark
Port Said
Tel
: (20-66) 237603
Fax :
(20-66) 237601
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000:
Established
in 1999, subject is owned and managed by Mr Kreem Eldeen Ali Ali Mohd Hassan
who is well respected in the local business community.
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 business is considered to be a fair trade risk and the above credit
figure is deemed to be within subject’s financial means.
Maximum
suggested credit figure of: 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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