MIRA
INFORM REPORT
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Report Date : |
29.10.2007 |
IDENTIFICATION DETAILS
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Name : |
EL TAWHEED FOR
IMPORT TRADING |
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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 : |
1985 |
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Com. Reg. No.: |
348412, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the import
and distribution of insulation and electrical materials. |
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$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
Company Name : EL TAWHEED FOR IMPORT TRADING
Also Known As : EL TAWHEED FOR TRADE CO
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1985
Commercial Registration Number :
348412,
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Total Workforce : 10
Line of Business : Distributors of insulation and electrical materials.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
EL TAWHEED FOR
IMPORT TRADING
ALSO KNOWN AS
EL TAWHEED FOR
TRADE CO
ADDRESS
Registered & Physical Address
Street : 21 Al Alfy Street
Area : El Galaa El Khalifa
Town :
Country :
Telephone : (20-2) 3954003 / 7883082 / 7882280
Facsimile : (20-2) 3911135 / 5756016
Mobile : (20-12) 3184531
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Cairo.
Branch Office
Location Description
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78 El
Sabttiya Street Rented
office premises
Boulaq
Cairo
Tel
: (20-2) 7883082 / 7882280
KEY PRINCIPALS
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Mohamed
Mohamed Attris Managing
Partner
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Ahmed
Mohamed Attris Partner
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Mohamed
Abdul Jawad Sales
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1985
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 348412, Cairo
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Name of Partner (s)
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Mohamed
Mohamed Attris
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Ahmed
Mohamed Attris
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
insulation and electrical materials.
Import Countries
: Europe and the Far East.
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 3,750,000 £E 4,395,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Bank of
Commerce & Development
PO Box : 1373
Giza
Cairo
Tel : (20-2) 3028156
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
Date of transaction June 2005
Credit amount 100,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
GENERAL COMMENTS
Established in
1985, subject is owned and managed by Mr Mohamed Mohamed Attris and Mr Ahmed
Mohamed Attris who are both well respected in the local business community.
According to local
sources, subject’s financial condition is satisfactory whilst payments are made
in a timely manner. The company’s operating history is reportedly clear and the
above credit figure is considered to be within subject’s financial means.
Maximum suggested
credit figure: US$ 100,000
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%)