MIRA INFORM REPORT

 

 

 

Report Date :

28.08.2008

 

IDENTIFICATION DETAILS

 

Correct Name :

NAHDET AL MAHROUSA (NM) (NGO)

 

 

Registered Office :

18 Mahmoud Bassiouni Street, 17th Floor, Cairo

 

 

Country :

Egypt

 

 

Date of Incorporation :

23.11.2003

 

 

Com. Reg. No.:

5434,Cairo

 

 

Legal Form :

Non Governmental Organization (NGO) (Co Operative Society)

 

 

Line of Business :

Provision of Youth Development Programmes

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

SUMMARY

 

Company Name                                     : NAHDET AL MAHROUSA (NM) (NGO)

Country of Origin                                    : Egypt

Legal Form                                            : Non Governmental Organization (NGO) (Co Operative Society)

Registration Date                                   : 23rd November 2003

Commercial Registration Number            : 5434,Cairo

Issued Capital                                        : £E 10,000,000

Paid up Capital                                      : £E 10,000,000

Total Workforce                         : 400

Activities                                               : Provision of youth development programmes

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

 

 

 

 

 

COMPANY NAME

 

NAHDET AL MAHROUSA (NM) (NGO)

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : 18 Mahmoud Bassiouni Street, 17th Floor

Town                 : Cairo

Country : Egypt

Telephone         : (20-2) 25751888

Facsimile          : (20-2) 25751888

 

Premises

 

Subject operates from a large suite of offices that are rented and located in the Central Business Area of Cairo.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Noha Sallam                                                                                     Chairman

 

·       Loay El Shawarby                                                                             Vice Chairman

 

·       Ehaab Abdou                                                                                    Managing Director

 

·       Nesrine Khaled                                                                                 Director

 

·       Ahmed Zahran                                                                                  Director

 

·       May Kamel                                                                                       Director

 

·       Ayman Ismail                                                                                    Director

 

·       Ms Amal Ihsan                                                                                  Projects Manager

 

·       Thamer Mostafa                                                                                Finance Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 23rd November 2003

 

Legal Form                  : Non Governmental Organization (NGO) (Co Operative Society)

 

Commercial Reg. No.  : 5434,Cairo

 

Issued Capital              : £E 10,000,000

 

Paid up Capital            : £E 10,000,000

 

Name of Shareholder (s)

 

·       Noha Sallam

 

·       Loay El Shawarby

 

·       Egyptian businessmen

 

 

OPERATIONS

 

Activities: Subject specialises in the provision of youth development programmes in the fields of education, social and health.

 

Subject has a workforce of approximately 400 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

 

·       National Bank of Egypt

24, Sherif Street

     Cairo

     Tel : (20-2) 3924175

     Fax : (20-2) 3924143

 

 

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 subject is considered to be a fair trade risk.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.73

UK Pound

1

Rs.80.31

Euro

1

Rs.64.61

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions