MIRA
INFORM REPORT
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Report Date : |
25.09.2007 |
IDENTIFICATION DETAILS
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Name : |
STE EL GAYED |
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Registered Office : |
Plot No. 12,
Ville de Badre, Rue
Naime Co Usine, Zone
Industriel No. 2, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
2004 |
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Com. Reg. No.: |
769 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in the
dyeing and printing of cloth. |
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 : STE EL GAYED
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 2004
Commercial Registration Number : 769
Invested Capital : £E 100,000
Total Workforce : 15
Line of Business : Dyers and printers of cloth.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
STE EL GAYED
ADDRESS
Registered & Physical Address
Location : Plot No. 12, Ville de Badre
Street : Rue Naime Co Usine
Area : Zone Industriel No. 2
Town :
Country :
Telephone : (20-2) 28640067
Facsimile : (20-2) 28640067
Premises
Subject operates
from a small suite of offices and a workshop that are rented and located in the
Industrial Area of Cairo.
KEY PRINCIPALS
·
Yusri
El Gayed Saanan Proprietor
& General Manager
LEGAL FORM &
OWNERS
Date of Establishment : 2004
Legal Form :
Mouassasa Khassa (Sole
Proprietorship)
Commercial Reg. No. : 769
Invested Capital
: £E 100,000
Mr Yusri El Gayed Saanan is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
LINE OF BUSINESS
Operations : Engaged in the dyeing and printing of
cloth.
Import Countries
: Europe and the
Operating Trend
: Steady
Subject has a
workforce of 15 employees.
FINANCIAL
HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Egyptian
Pound (£E)
Year Ending
31/12/05 : Year
Ending 31/12/06 :
Total Revenue £E 4,100,000 £E
4,400,000
Local sources consider
subject’s financial condition to be Fair.
BANKERS
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National
Bank of
Tel : (20-2) 23924175
Fax : (20-2) 23924143
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 100,000:
Established in
2004, subject is owned and managed by Mr Yusri El Gayed Saanan who is well respected in the local
business community.
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the business is deemed a fair trade risk
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%)