MIRA
INFORM REPORT
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Report Date : |
24.05.2007 |
IDENTIFICATION DETAILS
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Name : |
MARLEX IMPORT & AGENCIES CO |
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Registered Office : |
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Country : |
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Financials (as on) : |
Undetermined |
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Date of Incorporation : |
2006 |
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Com. Reg. No.: |
51916, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the
import and distribution of plastic raw materials,
rubber and latex |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 40,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : MARLEX IMPORT & AGENCIES CO
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 2006
Commercial Registration Number :
51916,
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Total Workforce : 10
Line of Business :
Distributors of plastic raw materials, rubber and latex.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
MARLEX IMPORT & AGENCIES CO
ADDRESS
Registered & Physical Address
Street :
Area : Azarita
Town :
Country :
Telephone : (20-3) 4593379 / 4844232
Facsimile :
(20-3) 4844232
Email : hossamfarouk@faroplast.com
Premises
Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Alexandria.
KEY PRINCIPALS
Mohamed Hossam Farouk Ibrahim Managing Partner
Amer Farouk Ibrahim Partner
Ibrahim Farouk Ibrahim Partner
LEGAL FORM &
OWNERS
Date of Establishment : 2006
Legal Form : Sharikat Tadhamun Bill Asshum (Limited Liability Partnership)
Commercial Reg. No. :
51916,
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Name of Partner (s) Mohamed Hossam Farouk Ibrahim
Amer Farouk Ibrahim
Ibrahim Farouk Ibrahim
AFFILIATED COMPANIES
Faroplast Industry
LINE OF BUSINESS
Operations : Engaged in the import and distribution of plastic raw materials, rubber and latex.
Import Countries :
Subject has a workforce of 10 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly formed business and as a result financial information is not currently available.
BANKERS
Commercial International Bank
Tel : (20-3) 4824643 / 4834255
Fax : (20-3) 4832240
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Investigations undertaken in Alexandria did not reveal any sign of payment defaults or delays during initial trading stages, and subject is believed to meet its payment obligations in a timely manner, nevertheless, and in view of the company’s infancy and the lack of a more consistent payment and financial record, a measure of caution is advisable and a close monitoring of subject’s business development is recommended.
Maximum suggested credit figure: US$ 40,000
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%)