MIRA
INFORM REPORT
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Report Date : |
23.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
AL AMIN FOR IMPORT & EXPORT |
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Registered Office : |
10,
Sidi Abdul Kader Street, Souq Al Hadadeen, Mansoura |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
2001 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and Distribution of
General Foodstuff, including Milk Powder and Starch |
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$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : AL AMIN FOR IMPORT & EXPORT
Also Known As : MOHAMED MAHER AWAD EL AMRITY
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 2001
Import Licence Number : 41884
Invested Capital : £E 50,000
Total Workforce : 5
Activities : Import and distribution of general foodstuff, including milk powder & starch
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
AL AMIN
FOR IMPORT & EXPORT
ALSO KNOWN AS
MOHAMED
MAHER AWAD EL AMRITY
ADDRESS
Registered & Physical Address
Street : 10,
Sidi Abdul Kader Street
Area : Souq
Al Hadadeen
Town : Mansoura
Country : Egypt
Telephone : (20-50) 2218517
Facsimile : (20-50) 2377091
Mobile : (20-10) 5708884
Email : mohammed_elamrity@hotmail.com
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Mansoura.
KEY PRINCIPALS
Name Position
·
Mohamed
Maher Awad El Amrity Proprietor
& General Manager
LEGAL FORM & OWNERS
Date of Establishment : 2001
Legal Form :
Sole Proprietorship
Import Licence No. : 41884
Invested Capital
: £E 50,000
Mr Mohamed Maher Awad El Amrity is the sole proprietor
of the business.
OPERATIONS
Activities: Engaged in the import and distribution of general foodstuff, including milk powder and starch.
Import
Countries: India and Europe
Operating Trend: Steady
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pound (£E)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales £E 15,000,000 £E 17,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
data was confirmed by Mr Mohamed Maher Awad El
Amrity, Proprietor
BANKERS
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National Bank
of Egypt
55 El Kholafaa El Rashedeem Street
Mansoura
Dakahleya
Tel: (20-50) 2233792
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
business is considered to be a fair trade risk.
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%)