%2006-Sep-2007_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
06.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
EGYPTIAN GERMAN TELECOMMUNICATION INDUSTRIES (EGTI) |
|
|
|
|
Registered Office : |
4th
Industrial Zone, Plot 28/29, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
1990 |
|
|
|
|
Legal Form : |
Egyptian Joint Stock Company |
|
|
|
|
Line of Business : |
Engaged
in the manufacture of electronic digital telephone exchanges and
communication systems. |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
US$ 750,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
SUMMARY
Company Name : EGYPTIAN GERMAN TELECOMMUNICATION INDUSTRIES (EGTI)
Country of Origin :
Legal Form : Egyptian Joint Stock Company
Registration Date : 1990
Issued Capital : £E 75,000,000
Paid up Capital : £E 75,000,000
Total Workforce : 350
Line of Business :
Manufacture of electronic digital telephone exchanges
and
communication systems
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
EGYPTIAN GERMAN TELECOMMUNICATION INDUSTRIES (EGTI)
ADDRESS
Registered & Physical Address
Location : 4th
Industrial Zone, Plot 28/29
PO Box : 412
Town : Sixth of
Country :
Telephone : (20-2) 38282100
/ 38282210 / 38282271 / 38282000
Facsimile : (20-2) 38333349
/ 38329202
Email : info@egti.com.eg
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of the Sixth of October City.
KEY PRINCIPALS
·
Dr. Thomas Ernst Managing
Director
·
Andreas Depalui Director
·
Yehia Khattab Director
·
Essam Hegab Administration
Manager
·
Abdallah Selim IT
Manager
LEGAL FORM &
OWNERS
Date of Establishment : 1990
Legal Form :
Societe Anonyme Egyptienne –
SAE (Egyptian Joint Stock Company)
Issued Capital : £E 75,000,000
Paid up Capital : £E 75,000,000
Name of Shareholder
(s) Percentage
·
·
National Bank of
·
Egyptian Telecommunications (Telecom
Note to the Legal Form
The Egyptian Company Law provides that the capital of a Societe
Anonyme Egyptienne - SAE – should not be less than £E 500,000 if shares are
offered to the public and £E 250,000 if not. If shares are offered to the
public they are freely transferable, if not, transfer may be restricted.
Liability of shareholders is limited.
LINE OF BUSINESS
Operations : Engaged in the
manufacture of electronic digital telephone exchanges and communication
systems.
Import Countries
:
Subject has a
workforce of approximately 350 employees.
FINANCIAL HIGHLIGHTS
Companies
registered in
BANKERS
·
National
Societe Generale Bank
Tel: (20-2) 25771351
·
Misr
International Bank (MIBANK)
14,
PO Box : 631
Tel : (20-2) 5931002
Fax : (20-2) 5912306
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$ 750,000
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)