MIRA
INFORM REPORT
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Report Date : |
10.04.2007 |
IDENTIFICATION DETAILS
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Name : |
AGRON FOR AGRICULTURAL DEV LLC |
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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 : |
2003 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the import and distribution of agricultural products, including
fertilizers, pesticides and insecticides. |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name :
AGRON FOR AGRICULTURAL DEV LLC
Country of Origin :
Legal Form :
Limited Liability Partnership
Registration Date :
2003
Commercial Registration Number :
1145
Issued Capital :
£E 200,000
Paid up Capital :
£E 200,000
Total Workforce :
8
Line of Business :
Distributors of agricultural products.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
COMPANY NAME
AGRON FOR AGRICULTURAL DEV LLC
ADDRESS
Registered & Physical Address
Street :
Area : El Korba,
Town :
Country :
Telephone : (20-2) 26903321
Facsimile : (20-2)
26903321
Email : info@fruitexegypt.com
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Cairo.
KEY PRINCIPALS
Husam Eldin
Awad Managing
Partner
Najat Khalil Partner
Nahla Moustafa Administration
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 2003
Legal Form : Sharikat
Tadhamun Bill Asshum (Limited Liability Partnership)
Commercial Reg. No. : 1145
Issued Capital : £E
200,000
Paid up Capital : £E
200,000
Name of Partner (s)
Husam Eldin
Awad
Najat Khalil
LINE OF BUSINESS
Operations :
Engaged in the import and distribution of agricultural products, including
fertilizers,
pesticides and insecticides.
Import Countries :
Europe and the
International Suppliers :
ACP
Operating Trend :
Steady
Subject has a workforce of 8 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency :
Year
Ending 31/12/05 : Year
Ending 31/12/06 :
Total Revenue US$
1,140,000 US$
1,300,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
Commercial International Bank (CIB)
PO Box : 2430
Tel : (20-2) 5703043
Fax : (20-2) 5703172 / 5072691
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 2003, subject is involved in the import and distribution
of agricultural products, including fertilizers, pesticides and insecticides.
Local sources report that the subject’s operating history is clear with
payment obligations met in a generally timely manner. The financial position is
satisfactory and the business is deemed a fair trade risk.
Maximum suggested credit figure: US$ 150,000
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%)