MIRA
INFORM REPORT
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Report Date : |
10.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
EVA CORPORATION FOR COSMETICS SAE |
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Registered Office : |
12 El
Montazah Street, Zamalek, Cairo 11561 |
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Country : |
Egypt |
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Date of Incorporation : |
2004 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacture of Personal Care
Products such as Skin Cream and Shampoo. |
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 : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : EVA CORPORATION FOR COSMETICS SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 2004
Issued Capital : £E 5,000,000
Paid up Capital : £E 5,000,000
Total Workforce : 125
Activities : Manufacture of personal care products such as skin cream and shampoo.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 200,000
COMPANY NAME
EVA CORPORATION FOR COSMETICS SAE
ADDRESS
Registered & Physical Address
Street : 12 El
Montazah Street
Area : Zamalek
Town : Cairo 11561
Country : Egypt
Telephone : (20-2) 27354945
/ 27354538
Facsimile : (20-2) 27362677
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office (s)
Location Description
·
6th
Industrial Zone, Giza Factory
premises
6th
of October City
Tel: (20-2)
33812010 / 33812015
Fax: (20-2)
33812013
·
10 Shawarby Street Export
Office
Cairo
Tel: (20-2) 23927334
Fax:
(20-2) 23929462
KEY PRINCIPALS
Name Position
·
Dr
Mounir Riad Armanious Managing
Director
·
Hany
Tawfik Director
·
Mourad
Ghabbour General
Manager
·
Medhat
Saad Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2004
Legal Form :
Egyptian Joint Stock
Company
Issued Capital : £E 5,000,000
Paid up Capital : £E 5,000,000
Name of Shareholder (s)
·
Dr
Mounir Riad Armanious
·
Hany
Tawfik
AFFILIATED COMPANIES
·
Eva Pharma For
Pharmaceuticals & Medical Appliances SAE
12 Muntazah Street
Zamalak
Cairo
Tel: (20-2) 7354945 / 7354538
Fax: (20-2) 3412677
Email: eva@infinity.com.eg
·
Eva Cosmetics Labs
176
El Sadat Street
Kafr El Gabal,
Haram, Giza
Cairo
Tel: (20-2) 3810781 /
3810782
Fax: (20-2) 3810744 /
3815449
OPERATIONS
Activities: Engaged in the manufacture of personal care products such as skin cream and shampoo.
Import
Countries: Germany, Italy,
France and India
Subject has a
workforce of approximately 125 employees.
FINANCIAL DATA
Companies
registered in Egypt are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
Commercial
International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box : 2430
Cairo
Tel : (20-2) 5703043
Fax : (20-2) 5703172 / 5072691
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Eva Corporation For Cosmetics SAE has been in business
since 2004 and is partly owned by the well known businessman, Dr Mounir Riad Armanious. The
company is run in a professional manner and enjoys a good reputation for the
quality of its products.
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.
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%)