MIRA
INFORM REPORT
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Report Date : |
02.05.2007 |
IDENTIFICATION DETAILS
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Name : |
CLARA CO |
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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 : |
1990 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged
as commercial agents and importers of computer embroidery machines, adhesive machines,
embroidery, weaving and knitted yarns, rubber yarns, Indian silk, vaslien and
embroidery paper. |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : CLARA CO
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1990
Issued Capital : £E 150,000
Paid up Capital : £E 150,000
Total Workforce : 25
Line of Business :
Commercial agents and importers of computer
embroidery machines,
adhesive machines, embroidery, weaving and
knitted yarns, rubber
yarns, Indian silk, vaslien and embroidery paper.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
CLARA CO
ADDRESS
Registered & Physical Address
Street : Abd
El Khalek Tharwat Street
Area : El
Sabaa Banat, Mehalla
Town : Gharbeya
Country :
Telephone : (20-40) 2212805
/ 2214454 / 2224664
Facsimile : (20-40) 2913450
/ 2912040 / 2213450
Mobile : (20-12) 3985996
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Gharbeya.
Branch Office (s)
Location Description
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Noman El Aasar Street Rented
warehouse
Mehalla
Industrial Zone
Gharbeya
Tel: (20-40)
2441549
KEY PRINCIPALS
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Mohamed Abd El Hamid El Khergawy Managing
Partner
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Hussein Abd El Hamid El Khargawi Partner
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Rabab Gad Finance
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1990
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Issued Capital : £E 150,000
Paid up Capital : £E 150,000
Name of Partner (s)
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Mohamed Abd El Hamid El Khergawy
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Hussein Abd El Hamid El Khargawi
LINE OF BUSINESS
Operations : Engaged as
commercial agents and importers of computer embroidery machines, adhesive
machines, embroidery, weaving and knitted yarns, rubber yarns, Indian silk,
vaslien and embroidery paper.
Import Countries
: India,
Japan, China, and Indonesia
Operating Trend
: Steady
Subject has a
workforce of 25 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 7,650,000 £E 8,390,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Bank of
Gharbeya
Tel: (20-40)
3339955 / 3334801 / 3349537
Fax: (20-40) 3339956
/ 3420130 / 3413806
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Faisal
Islamic Bank of Egypt
Main Branch
Gharbeya
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$ 200,000
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%)