MIRA
INFORM REPORT
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Report Date : |
30.12.2008 |
IDENTIFICATION DETAILS
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Name : |
ROYAL LINK INTERNATIONAL FOR IMPORT & EXPORT |
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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 Establshment : |
1997 |
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Com. Reg. No.: |
96736, Mansoura |
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Legal Form : |
General Partnership |
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Line of Business : |
Manufacture, Export and
Marketing of Veterinary Products |
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$ 125,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ROYAL LINK INTERNATIONAL FOR IMPORT & EXPORT
Country of Origin :
Legal Form : General Partnership
Registration Date : 1997
Commercial Registration Number : 96736, Mansoura
Tax Card Number : 504-232-150
Partners Capital : £E 100,000
Total Workforce : 15
Activities : Manufacture, export and marketing of veterinary products
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 125,000
COMPANY NAME
ROYAL LINK
INTERNATIONAL FOR IMPORT & EXPORT
ADDRESS
Registered & Physical Address
Street :
Area : Torill,
Reda Abd El Ghaffar
PO Box : 458
Town : Mansoura
35511
Country :
Telephone : (20-50) 2334578
/ 2334479
Facsimile : (20-50) 2318142
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Mansoura.
KEY PRINCIPALS
Name Position
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Dr. Reda Abd El Samie Managing
Partner
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Dr. Mohamed Maarouf Partner
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Dr. Mohamed Essawy Partner
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Hatem Kamal Finance Manager
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Dr. Tarek Gabr Production
Manager
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Ahmed Ibrahim Office
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1997
Legal Form :
General Partnership
Commercial Reg. No. : 96736, Mansoura
Tax Card No. : 504-232-150
Partners Capital : £E 100,000
Name of Partner (s)
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Dr. Reda Abd El Samie
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Dr. Mohamed Maarouf
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Dr. Mohamed Essawy
OPERATIONS
Activities: Engaged in the
manufacture, export and marketing of veterinary preparation vitamins, feed
additives and veterinary vaccines.
Agents
for Erenus, PP C, Angien, G Yepro, and Aggiopiotcho
Import
Countries:
Export
Countries:
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 7,500,000 £E 8,380,000
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
El Mansoura
El Dakahleya
Tel: (20-50) 2329971
Fax: (20-50) 2329972
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Banque
du Caire SAE
Mansoura
Tel: (20-50) 329442
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%)