MIRA
INFORM REPORT
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Report Date : |
21.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
PAN AUSAI |
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Registered Office : |
50 A Gomhouria
Street, Down Town, Cairo 11511 |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
2003 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of Chemicals used in the printing industry, packing
and wrapping products, paints, soap, detergents and dyeing materials. |
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 : |
Clear |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : PAN AUSAI
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 2003
Issued Capital : £E 700,000
Paid up Capital : £E 700,000
Total Workforce : 40
Activities : Distributors of chemicals used in the printing industry, packing and wrapping products, paints, soap, detergents and dyeing materials.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
PAN AUSAI
ADDRESS
Registered & Physical Address
Street : 50 A Gomhouria Street
Area : Down Town
Town : Cairo 11511
Country Egypt
Telephone : (20-2) 25909638 / 25931817
Facsimile : (20-2) 25909638 / 25919610
Mobile : (20-12) 2375232
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Cairo.
KEY PRINCIPALS
·
Hossam Osman Managing
Partner
·
Azza Fouad Partner
·
Mahmoud Ali Finance
Manager
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Haitham Raafat Sales
Manager
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Samia Hussein Export
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2003
Legal Form :
Limited Liability
Partnership
Issued Capital : £E 700,000
Paid up Capital : £E 700,000
Name of Shareholder (s)
·
Hossam Osman
·
Azza Fouad
OPERATIONS
Activities: Engaged in the import and distribution of
chemicals used in the printing industry, packing and wrapping products, paints,
soap, detergents and dyeing materials.
Import
Countries: Europe, Russia,
Brazil, South Korea, China and the United States of America.
Agencies Held:
·
Rhodia
Operating Trend: Steady
Subject has a
workforce of 40 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:
Total Sales £E 42,600,000 £E 48,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Arab Bank Plc
PO Box : 68
Cairo
Tel : (20-2) 23029069 / 23029070
Fax : (20-2) 23029068
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 2003,
subject is involved in the import and distribution of chemicals used in the
printing industry, packing and wrapping products, paints, soap, detergents and
dyeing materials.
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk and
the above credit figure is considered to be 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.43.58 |
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UK Pound |
1 |
Rs.81.43 |
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Euro |
1 |
Rs.64.52 |
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%)