MIRA
INFORM REPORT
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Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
HODA IMPORT AND
EXPORT |
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Registered Office : |
Abdel Rahman
Nasar Street, El Zeitoun, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
2000 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the
import and distribution of general foodstuff products, including seeds and
canned foods. |
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 : HODA IMPORT AND EXPORT
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 2000
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Total Workforce : 10
Line of Business : Distributors of general foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
HODA IMPORT AND
EXPORT
ADDRESS
Registered & Physical Address
Street : Abdel Rahman Nasar Street
Area : El Zeitoun
Town : Cairo
Country : Egypt
Telephone : (20-2) 5884483 / 5930589
Facsimile : (20-2) 5930589
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Cairo.
KEY PRINCIPALS
·
Nazih Abdul
Ghaffar Ali Hassan Managing
Partner
·
Emara Abdul
Ghaffar Ali Hassan Partner
·
Abdul Motti Abdul
Ghaffar Ali Hassan Partner
LEGAL FORM & OWNERS
Date of Establishment : 2000
Legal Form :
Sharikat Tadhamun Bill
Asshum (Limited Liability
Partnership)
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Name of Partner (s)
·
Nazih Abdul
Ghaffar Ali Hassan
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Emara Abdul
Ghaffar Ali Hassan
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Abdul Motti
Abdul Ghaffar Ali Hassan
LINE OF BUSINESS
Operations : Engaged in the import and distribution of
general foodstuff products, including seeds and canned foods.
Import Countries
: Europe and the Far East.
Operating Trend
: Steady
Subject has a
workforce of 10 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency : Egyptian
Pounds (£E)
Year
Ending 31/12/05: Year
Ending 31/12/06:
Total Revenue £E 3,550,000 £E 4,100,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
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Arab
International Bank
35 Abdel Khalek Tharwat
Cairo
Tel : (20-2) 3916210
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
Date of transaction June 2006
Credit amount 100,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
GENERAL COMMENTS
Established in
2000, subject is owned and managed by members of the Hassan family who are well
respected in the local business community.
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
business is considered to be a fair trade risk.
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%)