MIRA
INFORM REPORT
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Report Date : |
17.10.2007 |
IDENTIFICATION DETAILS
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Name : |
TRUST CHEMICAL INDUSTRIES |
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Registered Office : |
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Country : |
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Date of Incorporation : |
2001 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged
in the manufacture and export of basic chemical products, including sodium hydroxide,
poly aluminium chloride, hydrochloric acid and caustic soda. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 500,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : TRUST CHEMICAL INDUSTRIES
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 2001
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Total Workforce : 600
Line of Business : Manufacture and export of basic chemical products
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
TRUST CHEMICAL INDUSTRIES
ADDRESS
Registered & Physical Address
Street : 111
El Thawra Street, 5th Floor, Apartment No. 301
Area : Heliopolis
Town :
Country :
Telephone : (20-2) 24142686
Facsimile : (20-2) 24100066
Premises
Subject operates from
a large suite of offices that are rented and located in the Central Business
Area of Cairo.
Branch Office (s)
Location Description
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Industrial Zone No. 92, South of El-Raswa, Plot 9c Owned factory premises
Port Said
Tel: (20-66) 3778002
/ 3778004 / 3778005
Fax: (20-66) 3778003
KEY PRINCIPALS
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A. Minon Managing
Partner
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Abd El Khalek Moustafa Partner
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Maher Zamzam Partner
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Mohamed El Kazaz Finance
Manager
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Hany Sedky Accounts
Manager
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Mohamed El Sayed Sales
Manager
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George Attallah Purchasing
Manager
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Wessam Mahmoud Export
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 2001
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Name of Partner (s)
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A. Minon
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Abd El Khalek Moustafa
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Maher Zamzam
LINE OF BUSINESS
Operations : Engaged in the
manufacture and export of basic chemical products, including sodium hydroxide,
poly aluminium chloride, hydrochloric acid and caustic soda.
Import Countries
: China
and the Far East.
Export Countries
: Turkey,
Saudi Arabia, Germany, and the United Kingdom
Subject has a
workforce of approximately 600 employees.
FINANCIAL
HIGHLIGHTS
Companies
registered in
BANKERS
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National
Bank of
52 El Gomhouria Street
Port Said
Tel : (20-66) 224816 / 226637
Fax : (20-66) 327008
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Commercial
International Bank (CIB)
El Gomhouria Street
Port Said Free Zone
Port Said
Tel : (20-66) 336801
Fax : (20-66) 325956
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$ 500,000
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. |
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%)