MIRA
INFORM REPORT
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Report Date : |
28.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL QADI IMPORT AND EXPORT |
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Registered Office : |
Manshit
Sadky, Abu Kaber, El Sharkia |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
January 2005 |
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Com. Reg. No.: |
12435, El Sharkia |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Importers and Traders of Spices,
Ginger, Black Pepper, Cloves and Herbs |
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 : AL QADI IMPORT AND EXPORT
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : January 2005
Commercial Registration Number : 12435, El Sharkia
Issued Capital : £E 150,000
Paid up Capital : £E 150,000
Total Workforce : 12
Line of Business :
Importers and traders of spices, ginger, black
pepper, cloves and herbs
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
AL QADI
IMPORT AND EXPORT
ADDRESS
Registered & Physical Address
Location : Manshit
Sadky, Abu Kaber
Town : El
Sharkia
Country : Egypt
Telephone : (20-55) 3562503
Facsimile : (20-55) 3562503
Mobile : (20-10) 2027627
Email : mohamdalqadi@hotmail.com
Premises
Subject operates
from a small suite of offices and a showroom with storage facilities that are
rented and located in the Central Business Area of El Sharkia.
KEY PRINCIPALS
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Mohamed
Ahmed Abdulrahman Ibrahim Al Qadi Managing Partner
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Abdulrahman
Ahmed Abdulrahman Ibrahim Al Qadi Partner
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Omar
Ahmed Abdulrahman Ibrahim Al Qadi Partner
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Amr
Ahmed Abdulrahman Ibrahim Al Qadi Partner
LEGAL FORM & OWNERS
Date of Establishment : January 2005
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Commercial Reg. No. : 12435, El Sharkia
Issued Capital : £E 150,000
Paid up Capital : £E 150,000
Name of Partner (s)
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Mohamed
Ahmed Abdulrahman Ibrahim Al Qadi
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Abdulrahman
Ahmed Abdulrahman Ibrahim Al Qadi
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Omar
Ahmed Abdulrahman Ibrahim Al Qadi
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Amr
Ahmed Abdulrahman Ibrahim Al Qadi
LINE OF BUSINESS
Operations : Engaged as
importers and traders of spices, ginger, black pepper, cloves and herbs.
Import Countries
: India,
Pakistan, Iran, China and Brazil.
Operating Trend
: Steady
Subject has a
workforce of 12 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Egyptian
Pounds (£E)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Revenue £E 4,100,000 £E 4,625,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Banque du
Caire SAE
19
Adly Street
Cairo
Tel: (20-2)
3926915
Fax: (20-2)
3951713
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 100,000:
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.
Maximum suggested
credit figure: US$ 100,000
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%)