MIRA
INFORM REPORT
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Report Date : |
29th
December, 2006 |
IDENTIFICATION
DETAILS
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Name : |
EGYPTIAN ENGINEER FOR INDUSTRIAL AGENCIES
& PROJECTS |
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Registered Office : |
El Tawfik Building, 104 Tayaran Street, Nasr City, Cairo, Egypt |
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Country : |
Egypt |
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Date of Incorporation : |
1996 |
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Com. Reg. No.: |
304005, Cairo |
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Legal Form : |
Sharikat Tadhamun Bill Asshum
(Limited Liability Partnership) |
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Line of Business : |
Commercial agents and
importers of workshops machinery & boring, moiled forming & wire
cutting, and plastic injection machines. |
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
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Company
Name |
EGYPTIAN ENGINEER FOR INDUSTRIAL AGENCIES & PROJECTS |
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Country
of Origin |
Egypt |
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Legal
Form |
Limited Liability Partnership |
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Registration
Date |
1996 |
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Commercial
Registration Number |
304005, Cairo |
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Issued
Capital |
£E 100,000 |
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Paid
up Capital |
£E 100,000 |
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Total
Workforce |
8 |
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Line
of Business |
Commercial agents and
importers of workshops machinery & boring, moiled forming & wire
cutting, and plastic injection machines. |
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Financial
Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating
Trend |
Steady |
COMPANY NAME
EGYPTIAN ENGINEER FOR INDUSTRIAL AGENCIES &
PROJECTS
ADDRESS
Registered & Physical Address
Building : El
Tawfik Building
Street : 104
Tayaran Street
Area : Nasr
City
Town : Cairo
Country : Egypt
Telephone : (20-2) 4020827
/ 4038334 / 2629414
Facsimile : (20-2) 4020827
Email : egypeng@gega.net
Premises
Subject
operates from a small suite of offices and a warehouse that are rented and
located in the Suburban Business Area of Cairo.
KEY PRINCIPALS
· Hesham Tawfik Managing
Partner
· Yehia El Naklawi Partner
· Ahmed Abd El Rahman Administration
Manager
· Hatem Tawfik Marketing
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1996
Legal Form : Sharikat Tadhamun Bill Asshum (Limited Liability Partnership)
Commercial Reg. No. : 304005, Cairo
Issued
Capital : £E 100,000
Paid
up Capital : £E 100,000
Name of Partner (s)
· Hesham Tawfik
· Yehia El Naklawi
LINE OF BUSINESS
Operations
: Commercial agents and importers of workshops machinery
& boring, moiled forming & wire cutting, and plastic injection
machines.
Import
Countries : United States of America, Denmark, India, Korea, and China.
Brand
Names : ELECTRONICA
Operating
Trend : Steady
Subject
has a workforce of 8 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Egyptian Pounds (£E)
Year
Ending 31/12/04 Year
Ending 31/12/05
Total
Revenue £E
5,275,000 £E
5,810,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Banque
du Caire SAE
19
Adly Street
Cairo
Tel : (20-2) 3926915
Fax : (20-2) 3951713
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/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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