MIRA
INFORM REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
EGYPTIAN BRITISH CO FOR CHEMICALS &
AUXILIARIES |
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Registered Office : |
2nd Industrial Zone, Plot 161, Giza, Sixth of October City |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
1998 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the manufacture of chemical products &
auxiliaries for use textiles printing and dyeing, chemical for papers, the
ceramic industry, water treatment, feather and oil industries. |
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$
250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : EGYPTIAN BRITISH CO FOR CHEMICALS & AUXILIARIES
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1998
Issued Capital : £E 6,000,000
Paid up Capital : £E 6,000,000
Total Workforce : 120
Line of Business : Manufacture of chemical products & auxiliaries
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
EGYPTIAN BRITISH CO FOR CHEMICALS &
AUXILIARIES
ADDRESS
Registered & Physical Address
Location : 2nd
Industrial Zone, Plot 161
Area : Giza
Town : Sixth of October City
Country : Egypt
Telephone : (20-2) 8331682
Facsimile : (20-2) 8333026
Mobile : (20-12) 7369244 / (20-10) 1528571
Premises
Subject
operates from a medium sized suite of offices and a factory that are owned and
located in the Industrial Area of Sixth of October City.
Branch Office (s)
Location Description
· 6 Ibn El Walid Square Rented
office premises
Mohandessin,
Giza
Cairo
Tel: (20-2)
3371317
Fax: (20-2)
3371017
KEY PRINCIPALS
· Mohamed Hamdy
Montasser Managing
Partner
· Yasser Saad Morsy Partner
· Reda Shoair Purchasing
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1998
Legal Form : Sharikat Tadhamun Bill Asshum (Limited Liability Partnership)
Issued
Capital : £E 6,000,000
Paid
up Capital : £E 6,000,000
Name of Partner (s)
· Mohamed Hamdy
Montasser
· Yasser Saad Morsy
LINE OF BUSINESS
Operations
: Engaged in the manufacture of chemical products &
auxiliaries for use textiles printing and dyeing, chemical for papers, the
ceramic industry, water treatment, feather and oil industries.
Import
Countries : India
and Japan.
Operating
Trend : Steady
Subject
has a workforce of approximately 120 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
19,800,000 £E
23,100,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Misr
International Bank (MIBANK)
14, Alfy Street
PO Box : 631
Cairo
Tel : (20-2) 5931002
Fax : (20-2) 5912306
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 1998, Egyptian British Co For
Chemicals & Auxiliaries has made steady progress in the local market and
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.
Maximum
suggested credit figure: US$ 250,000
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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