MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
NEW AWA COMPANY FOR CHEMICAL RAW MATERIALS |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
2005 |
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Com. Reg. No.: |
5087 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged
in the import and distribution of chemicals for pharmaceuticals, foodstuffs
and cosmetics. |
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 : NEW AWA COMPANY FOR CHEMICAL RAW MATERIALS
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 2005
Commercial Registration Number : 5087
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Total Workforce : 50
Line of Business : Import and distribution of chemicals
Financial Condition : Fair
Payments : Nothing detrimental uncovered
COMPANY NAME
NEW AWA COMPANY FOR CHEMICAL RAW MATERIALS
ADDRESS
Registered & Physical Address
Street : 26
Bahaa El Din Street
Area : Smouha
Town :
Country : Egypt
Telephone : (20-3) 4206820
/ 4206830 / 4253309
Facsimile : (20-3) 4253309
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Suburban Business Area of Alexandria.
Branch Office (s)
Location Description
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Jordanian Area, Sharkeya Rented
warehouse premises
Tenth of Ramadan City
Tel: (20-15) 387240
Fax: (20-15) 387250
KEY PRINCIPALS
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Mohamed Moubarak Managing
Partner
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Akram Moubarak Partner
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Hany Moubarak Partner
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Ashraf Moubarak Partner
LEGAL FORM &
OWNERS
Date of Establishment : 2005
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 5087
Tax Card No. : 213363879
Import Reg. No. : 44358
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Name of Partner (s)
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Mohamed Moubarak
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Akram Moubarak
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Hany Moubarak
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Ashraf Moubarak
LINE OF BUSINESS
Operations : Engaged in the
import and distribution of chemicals for pharmaceuticals, foodstuffs and
cosmetics.
Import Countries
: China,
United Kingdom, and the United States of America.
Subject has a
workforce of 50 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Egyptian
Pounds (£E)
Year
Ending 31/12/06:
Total Revenue £E
10,500,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Egyptian
Saudi Finance Bank
8 Bany El Abbasy Street
Azarita
Alexandria
Tel: (20-3) 4875672
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%)