MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
CURZON TRADING
INTERNATIONAL |
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Registered Office : |
54, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
1995 |
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Com. Reg. No.: |
39457 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged
in the import and distribution of general merchandise, specialising in
metals, cereals, paper, nuts and chemicals for the paints industry. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : CURZON TRADING INTERNATIONAL
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1995
Commercial Registration Number : 39457
Issued Capital : £E 80,000
Paid up Capital : £E 80,000
Total Workforce : 10
Line of Business : Import and distribution of general merchandise.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
CURZON TRADING
INTERNATIONAL
ADDRESS
Registered & Physical Address
Street : 54,
Osman Ibn Affan Street
Area : Safir
Square, Heliopolis
Town :
Country : Egypt
Telephone : (20-2) 6429301
Facsimile : (20-2) 2414629
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
·
Mourad Lamie Aiyad Managing
Partner
·
Edward Assad Ayoub Partner
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Samir Fares Finance
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1995
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 39457
Issued Capital : £E 80,000
Paid up Capital : £E 80,000
Name of Partner (s)
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Mourad Lamie Aiyad
·
Edward Assad Ayoub
LINE OF BUSINESS
Operations : Engaged in the
import and distribution of general merchandise, specialising in metals,
cereals, paper, nuts and chemicals for the paints industry.
Import Countries
:
Operating Trend
: Steady
Subject has a
workforce of 10 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Egyptian
Pounds (£E)
Year
Ending 31/12/05: Year
Ending 31/12/06:
Total Revenue £E 4,220,000 £E 4,575,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Blom
Egypt Bank
54 Lebanon Street
Mohandessin, Giza
Cairo
Tel: (20-2) 3039825
Fax: (20-2) 3042404
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
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.
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%)