MIRA
INFORM REPORT
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Report Date : |
02.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
HELAL TRADING & IMPORTERS |
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Registered Office : |
143
Misr & El Sudan Street, Hadayek El Qobba, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1994 |
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Com. Reg. No.: |
286215, Cairo |
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Legal Form : |
General Partnership |
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Line of Business : |
Commercial Agents and Importers of
Medical Gas Networks, Medical Monitoring Equipment and Central Suction
Stations for Hospitals |
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 : HELAL TRADING & IMPORTERS
Country of Origin : Egypt
Legal Form : General Partnership
Registration Date : 1994
Commercial Registration Number : 286215, Cairo
Partners Capital : £E 100,000
Total Workforce : 15
Activities :
Commercial agents and importers of medical gas
networks, medical
monitoring equipment and central suction stations for hospitals
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
HELAL TRADING &
IMPORTERS
ADDRESS
Registered & Physical Address
Street : 143
Misr & El Sudan Street
Area : Hadayek
El Qobba
Town : Cairo
Country : Egypt
Telephone : (20-2) 24847715
/ 26822210 / 24848634 / 23639243
Facsimile : (20-2) 26845707
/ 25325210
Mobile : (20-12) 3159539 / 2177043
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Cairo.
KEY PRINCIPALS
Name Position
·
Dr.
Mohamed Hashem Managing
Partner
·
Dr.
Hany Adly Darwish Partner
LEGAL FORM & OWNERS
Date of Establishment : 1994
Legal Form :
General Partnership
Commercial Reg. No. : 286215, Cairo
Tax Card No. : 6105
Partners Capital : £E 100,000
Name of Partner (s)
·
Dr.
Mohamed Hashem
·
Dr.
Hany Adly Darwish
OPERATIONS
Activities: Engaged as commercial
agents and importers of medical gas networks, medical monitoring equipment and
central suction stations for hospitals.
Import Countries: France, Italy,
United States of America and South Africa
Operating Trend: Steady
Subject has a
workforce of 15 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 9,300,000 £E 10,800,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
· Bank of Alexandria
Heliopolis Branch
Cairo
Tel: (20-2)
26332958 / 26351980 / 22417294
Fax: (20-2)
26381604
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.50.52 |
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UK Pound |
1 |
Rs.75.08 |
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Euro |
1 |
Rs.63.72 |
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%)