MIRA
INFORM REPORT
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Report Date : |
30.12.2008 |
IDENTIFICATION DETAILS
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Name : |
EL GAZIRAH EL SAUDI CO |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Year of Establishment : |
1989 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Provision of Manpower Supplies
as well as Offering Travel 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$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : EL GAZIRAH EL SAUDI CO
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1989
Issued Capital : £E 150,000
Paid up Capital : £E 150,000
Total Workforce : 6
Activities : Provision of manpower supplies as well as offering travel services
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
Person Interviewed : Ms Jihan El Sayed, Administrative Officer
COMPANY NAME
EL GAZIRAH EL SAUDI
CO
ADDRESS
Registered & Physical Address
Street :
Area : Shebieb Elkom, Mohandessin
Town :
Country :
Telephone : (20-2) 33044820
Facsimile : (20-2) 33044816
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
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Hussain Abdul Hamid Managing Partner
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Hassan Hussain Abdul Hamid Partner
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Ms Jihan El Sayed Administrative
Officer
LEGAL FORM & OWNERS
Date of Establishment : 1989
Legal Form :
Limited Liability
Partnership
Issued Capital : £E 150,000
Paid up Capital : £E 150,000
Name of Shareholder (s)
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Hussain Abdul Hamid
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Hassan Hussain Abdul Hamid
OPERATIONS
Activities: Engaged in the provision
of manpower supplies as well as offering travel services.
Operating Trend: Steady
Subject has a
workforce of 6 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 7,800,000 £E 8,620,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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National
Bank of
24,
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
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.48.50 |
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1 |
Rs.70.02 |
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Euro |
1 |
Rs.67.95 |
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%)