MIRA
INFORM REPORT
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Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPER PLAST CO |
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Registered Office : |
Cairo
- Alexandria Agricultural Road, Km 12, Mit Halfa, Kaliubeya, Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
1977 |
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Com. Reg. No.: |
24580 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacture of Plastic Packages
for Food Products and Duplex Cardboard |
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$ 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : SUPER PLAST CO
Also Known As : FAROUK OSMAN & CO
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1977
Commercial Registration Number : 24580
Issued Capital : £E 2,500,000
Paid up Capital : £E 2,500,000
Total Workforce : 250
Activities : Manufacture of plastic packages for food products and duplex cardboard
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 300,000
COMPANY NAME
SUPER PLAST CO
ALSO KNOWN AS
FAROUK OSMAN & CO
ADDRESS
Registered & Physical Address
Street : Cairo
- Alexandria Agricultural Road, Km 12
Area : Mit
Halfa, Kaliubeya
Town : Cairo
Country : Egypt
Telephone : (20-2) 42155155
/ 42155521 / 42157927 / 42156255
Facsimile : (20-2) 42157565
/ 42157567 / 42156575
Mobile : (20-12) 9032901 / 7424445
Premises
Subject operates from
a large suite of offices and a factory that are owned and located in the
Industrial Area of Cairo.
Branch Office (s)
Location Description
·
37 Ismail
Ramzy Street Rented
sales office
Heliopolis
Cairo
Tel: (20-2) 26903760
Fax: (20-2) 26903763
·
501-503
Port Said Street Rented sales office
Bab
El Shaaria
Cairo
Tel: (20-2)
25916716 / 25922660 / 25922666
Fax: (20-2)
25939779
KEY PRINCIPALS
Name Position
·
Farouk
Ali Osman Managing
Partner
·
Amr
Ali Osman Partner
·
Mohamed
Youssef Finance
Manager
·
Sherif
Farouk Ali Osman Administration
Manager
·
Abd
El Fattah Ali Arafa Public
Relations Manager
LEGAL FORM & OWNERS
Date of Establishment : 1977
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 24580
Issued Capital : £E 2,500,000
Paid up Capital : £E 2,500,000
Name of Shareholder (s)
·
Farouk
Ali Osman
·
Amr
Ali Osman
OPERATIONS
Activities: Engaged in the manufacture
of plastic packages for food products and duplex cardboard.
Import
Countries: India and Europe
Brand Names: SUPER PLAST
Subject has a
workforce of approximately 250 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
·
Egyptian
American Bank
4 & 6 Hassan Sabri
Zamalek
PO Box : 1825
Cairo
Tel : (20-2) 3416150
Fax : (20-2) 3420265
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 and the above credit figure is within
subject’s financial means.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.28 |
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UK Pound |
1 |
Rs.82.79 |
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Euro |
1 |
Rs.65.69 |
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%)