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MIRA
INFORM REPORT
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Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
NATIONAL CO FOR
IMPORT & EXPORT (NATPORT) |
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Registered Office : |
Al Amin Building,
Office No. 58, Gamal Abdul Nasser Street, Alexandria |
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Country : |
Egypt |
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Date of Incorporation : |
2006 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the
import and distribution of hotel requisites. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
US$ 50,000 |
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Status : |
New & Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : NATIONAL CO FOR IMPORT & EXPORT (NATPORT)
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 2006
Issued Capital : £E 1,000,000
Paid up Capital : £E 1,000,000
Total Workforce : 8
Line of Business : Distributors of hotel requisites.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
COMPANY NAME
NATIONAL CO FOR
IMPORT & EXPORT (NATPORT)
ADDRESS
Registered & Physical Address
Building : Al Amin Building, Office No. 58
Street : Gamal Abdul Nasser Street
Town : Alexandria
Country : Egypt
Telephone : (20-3) 5833077
Facsimile : (20-3) 5850590
Mobile : (20-12) 4949842
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Alexandria.
KEY PRINCIPALS
·
Hani Hassan Managing
Partner
·
Rajab Mohamed Partner
·
Amin Philip Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2006
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Issued Capital : £E 1,000,000
Paid up Capital : £E 1,000,000
Name of Partner (s)
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Hani Hassan
·
Rajab Mohamed
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
hotel requisites.
Import Countries
: Europe and the Far East.
Subject has a workforce
of 8 employees.
FINANCIAL HIGHLIGHTS
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
·
National Bank
of Egypt
177 Mostafa Kamel Street
Alexandria
Tel : (20-3) 5701930
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the
credit figure of US$ 100,000:
Investigations
undertaken in Alexandria did not reveal any sign of payment defaults or delays during
initial trading stages, and subject is believed to meet its payment obligations
in a timely manner, nevertheless, and in view of the company’s infancy and the
lack of a more consistent payment and financial record, a measure of caution is
advisable and a close monitoring of subject’s business development is
recommended.
Maximum suggested
credit figure: US$ 50,000
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%)