MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION DETAILS
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Name : |
CONTE ABOU EL KHEIR CO |
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Registered Office : |
2A, |
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Country : |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
1994 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Engaged in the import and distribution of kidney dialysis
equipment and related requisites. |
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
Company Name : CONTE ABOU EL KHEIR CO
Country of Origin :
Legal Form : Egyptian Joint Stock Company
Registration Date : 1994
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 23
Line of Business : import and distribution of kidney dialysis equipment
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
CONTE ABOU EL KHEIR CO
ADDRESS
Registered & Physical Address
Street : 2A,
Area :
Town :
Country :
Telephone : (20-2) 4546744
/ 4538744 / 4537744
Facsimile : (20-2) 4536744
Premises
Subject
operates from a medium sized suite of offices that are rented and located in
the Central Business Area of Cairo.
KEY PRINCIPALS
·
Ibrahim Ahmed Managing
Director
·
Mohamed Nasser Director
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Ahmed Maher Administration
Manager
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Mohamed Nour Technical
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1994
Legal Form : Societe Anonyme Egyptienne – SAE (Egyptian Joint Stock Company)
Issued
Capital : £E 500,000
Paid
up Capital : £E 500,000
Name of Shareholder
(s)
·
Ibrahim Ahmed
·
Mohamed Nasser
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 import and distribution of kidney dialysis
equipment and related requisites.
Import
Countries :
Brand
Names : TERUMO & NISSH
Operating
Trend : Steady
Subject
has a workforce of 23 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Egyptian Pounds (£E)
Year
Ending 31/12/03: Year
Ending 31/12/04:
Total
Revenue £E
8,490,000 £E
10,205,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
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Piraeus Bank
Bab Sharq, Smouha
Tel: (20-3) 4284755
Fax: (20-3) 4289376
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$ 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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