MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABU EL DAHAB TRADE & IMPORT |
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Registered Office : |
59 El
Shesheny Street, Cornishe El Nil, Shubra. Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1981 |
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Com. Reg. No.: |
2377 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import and Distribution of Heavy
Duty Motor Vehicles and Spare Parts |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ABU EL DAHAB TRADE & IMPORT
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1981
Commercial Registration Number : 2377
Issued Capital : £E 25,000
Paid up Capital : £E 25,000
Total Workforce : 15
Activities : Import and distribution of heavy duty motor vehicles and spare parts
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
ABU EL DAHAB TRADE & IMPORT
ADDRESS
Registered & Physical Address
Street : 59 El
Shesheny Street
Area : Cornishe
El Nil, Shubra
Town : Cairo
Country : Egypt
Telephone : (20-2) 22055545
/ 22027404
Facsimile : (20-2) 22044709
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Cairo.
Branch Office (s)
Location Description
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60
El Hayez Street Rented
showroom premises
Shubra
Cairo
Tel: (20-2)
22069702
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43A
Ramsis Street Rented
sales office
Cairo
KEY PRINCIPALS
Name Position
·
Ali
Abu El Dahab Managing
Partner
·
Abbass
Ali Abu El Dahab Partner
·
Mohamed
Fathy Finance
Manager
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Hamdi
Khalil Sales
Manager
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Rania
Hussein Marketing
Manager
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Abd
El Nasser Ahmed IT
Manager
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Adel
El Beheiry Administration
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1981
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 2377
Issued Capital : £E 25,000
Paid up Capital : £E 25,000
Name of Shareholder (s)
·
Ali
Abu El Dahab
·
Abbass
Ali Abu El Dahab
OPERATIONS
Activities: Engaged in the
import and distribution of heavy duty motor vehicles and spare parts, including
engines,
pistons,
gaskets, brake drums, air valves, wheel bolts and rims, oil and seals.
Import Countries: Brazil, Turkey,
Italy, and Germany
Brand Names: PISTON SAN, FZBH,
MEG, ALARSLAN, BESEL, JANTSA, SUPEROTO, & CENTREANTEL
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 14,700,000 £E 16,230,000
Local sources
consider subject’s financial condition to be Fair.
BANKERS
· Bank of Alexandria
Gomhouria Branch
Cairo
Tel: (20-2)
3908423 / 3909093 / 3916499
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.
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%)