MIRA
INFORM REPORT
|
Report Date : |
12.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
PROTALL CO FOR PAINTS & CHEMICAL
INDUSTRIES |
|
|
|
|
Registered Office : |
27 Talaat Harb Street, Attarin, Alexandria |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
1973 |
|
|
|
|
Com. Reg. No.: |
25277 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Engaged in the manufacture of paints, emulsions, lacquers and
putties, as well as paints in aerosol packing. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
US$
250,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : PROTALL CO FOR PAINTS & CHEMICAL INDUSTRIES
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1973
Commercial Registration Number : 25277
Issued Capital : £E 36,948,000
Paid up Capital : £E 36,948,000
Total Workforce : 85
Line of Business : Manufacture of paints
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
PROTALL CO FOR PAINTS & CHEMICAL INDUSTRIES
ADDRESS
Registered & Physical Address
Street : 27
Talaat Harb Street
Area : Attarin
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4868935
/ 4868936
Facsimile : (20-3) 4868925
Premises
Subject
operates from a medium sized suite of offices that are rented and located in
the Central Business Area of Alexandria.
Branch Office (s)
Location Description
· 328 Canal El
Mahmoudia Street Owned
factory premises
Moharram
Bey
Alexandria
Tel: (20-3)
3904727
Fax: (20-3)
4970150
· 29 Essa Hamdy Street Warehouse
premises
Agouza, Mohandessin, Giza
Cairo
Tel: (20-2) 3495473
KEY PRINCIPALS
· Abd El Moneim Ibrahim
Khalifa Managing
Partner
· Nabil Haridy Finance
Manager
· Mamdouhn Hussein Accounts
Manager
· Emile Aziz Sales
Manager
· Samia Saad Marketing
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1973
Legal Form : Sharikat Tadhamun Bill Asshum (Limited Liability Partnership)
Commercial Reg. No. : 25277
Issued
Capital : £E 36,948,000
Paid
up Capital : £E 36,948,000
Name of Partner (s) Percentage
· Abd El Moneim Ibrahim
Khalifa 30%
· Neveen Wagdy Mohamed
Khalifa 15%
· Dalia Abd El Moneim
Ibrahim Khalia 15%
· Dina Abd El Moneim
Ibrahim Khalifa 15%
· Mohamed Wagdy Mohamed
Khalifa 15%
· Wagdy Shawky Attia
Khalifa 10%
LINE OF BUSINESS
Operations
: Engaged in the manufacture of paints, emulsions, lacquers
and putties, as well as paints in aerosol packing.
Import
Countries :
Italy and India
Brand
Names : PROTALL
Operating
Trend : Steady
Subject
has a workforce of 85 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
28,750,000 £E
30,200,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Arab
Bank Plc
28, Talaat Harb Street
PO Box: 2006
Cairo
Tel: (20-2) 5746218
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000
Established in 1973, Protall Co For Paints
& Chemical Industries enjoys a good reputation for the quality of its
products.
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$ 250,000
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/normal. |
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 |
|