MIRA
INFORM REPORT
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Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
DR MOHSEN AMER |
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Registered Office : |
Industrial Area
B3, 10th of Ramadan City |
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Country : |
Egypt |
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Date of Incorporation : |
26.08. 2007 |
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Com. Reg. No.: |
1790, 10th of Ramdan City |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Production of Cloth, Garments and Fashion Dresses |
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 and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : DR MOHSEN AMER
TRADING AS : SANTANA
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 26th August 2007
Commercial Registration Number : 1790, 10th of Ramdan City
Invested Capital : £E 6,500,000
Total Workforce : 8
Activities :
Subject will be engaged in the production of cloth,
garments and fashion dresses
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 50,000
COMPANY NAME
DR
MOHSEN AMER
TRADING AS
SANTANA
ADDRESS
Registered & Physical Address
Location : Industrial Area B3
Town : 10th of Ramadan
City
Country : Egypt
Telephone : (20-15) 376942
/ 376943
Facsimile : (20-15) 376945
Mobile : (20-10) 4213000
Email : dr-mohsenfashion@hotmail.com
Premises
Subject operates
from a small suite of offices and a workshop that are rented and located in the
Industrial Area of the 10th of Ramadan City.
KEY PRINCIPALS
Name Position
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Dr
Mohsen Amer Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 26th
August 2007
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1790, 10th of Ramdan City
Invested Capital
: £E 6,500,000
Dr
Mohsen Amer is the sole
proprietor of the business.
AFFILIATED COMPANIES
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Amer
Brothers
Nadi Elshab Street
Mansoura
Tel: (20-50)
2382218
OPERATIONS
Activities: Subject will be engaged in the production of cloth, garments and fashion dresses. Commercial
production is scheduled to start in August 2008.
Subject has a
workforce of 8 employees.
FINANCIAL DATA
Subject is a newly
formed business and as a result financial information is not currently
available.
BANKERS
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Banque Misr
151 Mohamed Farid Street
Cairo
Tel : (20-2) 3912711 / 3912106
Fax : (20-2) 3919779
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of
subject’s business development is advisable.
Please note that
the additional address you provided in Mansoura is used by subject’s affiliated
company, Amer Brothers.
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%)