MIRA
INFORM REPORT
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Report Date : |
20.07.2007 |
IDENTIFICATION DETAILS
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Name : |
EL ANSARY TRADING
& CONTRACTING CO |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1991 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged as
general building contractors as well as importers and distributors of stoneware,
glassware, pottery and porcelain, toys and games, gaming machines, electric
lamps, bulbs and components. |
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
Company Name : EL ANSARY TRADING & CONTRACTING CO
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1991
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Total Workforce : 12
Line of Business : General building contractors as well as importers and distributors of
stoneware, glassware, pottery and porcelain, toys and games, gaming
machines, electric lamps, bulbs and components.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
EL ANSARY TRADING
& CONTRACTING CO
ADDRESS
Registered & Physical Address
Street : 4 El Khalil Street, Lebanon
Square
Area : Mohandessin, Giza
Town :
Country : Egypt
Telephone : (20-2) 3023282 / 3450725 / 3464468
Facsimile : (20-2) 3038554
Email : elansary@link.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
·
Anas El
Ansary Managing
Partner
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Essam
El Ansary Partner
·
Wahed
Rashed Finance
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1991
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability Partnership)
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Name of Partner (s)
·
Anas El
Ansary
·
Essam
El Ansary
LINE OF BUSINESS
Operations : Engaged as general building contractors as
well as importers and distributors of stoneware, glassware, pottery and
porcelain, toys and games, gaming machines, electric lamps, bulbs and
components.
Import Countries
: Taiwan, China, Germany
and Spain.
Subject has a
workforce of 12 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in
BANKERS
·
Al
Watany Bank of
PO Box: 750
Cairo
Tel: (20-2) 3379363
Fax: (20-2) 3772959
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)