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MIRA
INFORM REPORT
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Report Date : |
09.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
NATIONAL RAILWAY SUPPLIES (NRS) |
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Registered Office : |
11 El Rakby Street, El Sabita Ramsis, PO Box 173, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1999 |
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Legal Form : |
General Partnership |
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Line of Business : |
Import and Supply of Railway Materials and Equipment. |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : NATIONAL RAILWAY SUPPLIES (NRS)
Country of Origin : Egypt
Legal Form : General Partnership
Registration Date : 1999
Partners Capital : £E 100,000
Total Workforce : 7
Activities : Import and supply of railway materials and equipment.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
NATIONAL
RAILWAY SUPPLIES (NRS)
ADDRESS
Registered & Physical Address
Street : 11 El Rakby Street
Area : El Sabita
Ramsis
PO Box : 173
Town : Cairo
Country : Egypt
Telephone : (20-2) 25795750
Facsimile : (20-2) 25797826
Mobile : (20-10) 1080959
Email : nrs@link.net
Premises
Subject operates from a small suite of offices that are rented and
located in the Suburban Business Area of Cairo.
KEY PRINCIPALS
Name Position
· Amar
Salah Managing
Partner
· Mrs Swasan Mohamed Administration
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1999
Legal Form : General
Partnership
Partners Capital : £E 100,000
Name of Partner (s)
· Amar
Salah
· Members of Mr Amar Salah’s family
OPERATIONS
Activities: Engaged in the import and supply of railway materials and equipment.
Import Countries: India, United Kingdom, France and the United
States of America.
Operating Trend: Steady
Subject has a workforce of 7 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: Egyptian Pounds (£E)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Sales £E
5,300,000 £E
5,750,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Banque Misr
151 Mohamed Farid
Street
Cairo
Tel : (20-2)
3912711 / 3912106
Fax : (20-2)
3919779
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
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.
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%)