MIRA
INFORM REPORT
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Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
NADOURY & NAHAS LAW OFFICE |
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Registered Office : |
ISIS Building, Suite 35, 7 Lazoughli Street, Garden City, Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
21.04.1978 |
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Legal Form : |
General Partnership |
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Line of Business : |
Subject offers legal consultancy and services, as well as translation services |
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$ 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : NADOURY & NAHAS LAW OFFICE
Country of Origin : Egypt
Legal Form : General Partnership
Registration Date : 21st April 1978
Partners Capital : £E 100,000
Total Workforce : 25
Activities : Subject offers legal consultancy and services, as well as translation services
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 500,000
COMPANY NAME
NADOURY & NAHAS LAW OFFICE
ADDRESS
Registered & Physical Address
Building : ISIS Building, Suite 35
Street : 7 Lazoughli
Street
Area : Garden City
Town : Cairo
Country : Egypt
Telephone : (20-2) 27959658
/ 27950080
Facsimile : (20-2) 27950080
Mobile : (20-10) 5455778
Email : cairo@nadourynahas.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office
(s)
Location Description
·
71 Sultan Hussein Street Rented
office premises
Alexandria
Tel: (20-3) 4873609
Fax:
(20-3) 4875136
Email:
alex@nadourynahas.com
KEY PRINCIPALS
Name Position
·
Ashraf
El Nadoury Managing
Partner
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Mourad
Ashraf El Nadoury Partner
·
El
Sayed El Nahas Partner
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Sayed
Tawfik Finance
Manager
·
Miss Amira
Abdel Ghaffar Attorney
LEGAL FORM & OWNERS
Date of Establishment : 21st
April 1978
Legal Form :
General Partnership
Partners Capital : £E 100,000
Name of Partner (s)
·
Ashraf
El Nadoury
·
Mourad
Ashraf El Nadoury
·
El
Sayed El Nahas
OPERATIONS
Activities: Subject offers legal
consultancy and services, as well as translation services (English &
French) and are approved by the American, British, Canadian and Austrian
embassies.
The
company handle litigation and commercial matters for a diverse clientele that
includes national and multinational corporations, partnerships, joint ventures
& individuals. The work of the firm ranges from corporate acquisitions to
joint ventures, from complex litigation of international commercial
arbitration, from administrative law to industrial relations.
Subject has a
workforce of 25 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
Subject is a
leading law firm in Egypt offering legal consultancy
and services, as well as translation services.
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.49.22 |
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UK Pound |
1 |
Rs.73.03 |
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Euro |
1 |
Rs.63.14 |
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%)