MIRA
INFORM REPORT
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Report Date : |
03.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
KAMA TRADING CO |
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Registered Office : |
5 Mohamed Hassan Badran Street, Nasr City,
Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1994 |
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Com. Reg. No.: |
23404 |
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Legal Form : |
Limited Liability
Partnership |
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Line of Business : |
Importer and
Distribution of Wrapping Machinery and General Equipment for the Food and
Pharmaceutical Sectors. |
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 : KAMA TRADING CO
Country of Origin : Egypt
Legal Form :
Limited Liability Partnership
Registration Date : 1994
Commercial
Registration Number : 23404
Tax Card Number : 217-631-479
Issued Capital : £E
50,000
Paid up Capital : £E
50,000
Total Workforce : 9
Line of Business : Import and
distribution of wrapping machinery and
general equipment for the food and
pharmaceutical sectors.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
KAMA TRADING CO
ADDRESS
Registered & Physical Address
Street : 5 Mohamed Hassan Badran Street
Area : Nasr City
Town : Cairo
Country : Egypt
Telephone : (20-2) 22735564 / 22735864 / 22735602
Facsimile : (20-2) 22736323
Email : khalil.zemokhol@kama.com.eg
Premises
Subject operates from a small suite of offices and storage facilities
that are rented and located in the Suburban Business Area of Cairo.
Branch Office (s)
Location Description
· 3A
Moustafa Abou Hief Street Rented
sales office
Bab El Louk, Abdin
Cairo
Tel:
(20-2) 23923985
Fax:
(20-2) 23930208
KEY PRINCIPALS
· Maher
Daoud Managing
Partner
· Khalil
Zemokhol Partner
LEGAL FORM & OWNERS
Date of
Establishment : 1994
Legal Form : Sharikat Tadhamun
Bill Asshum (Limited Liability Partnership)
Commercial Reg.
No. : 23404
Tax Card No. : 217-631-479
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Name of Partner (s)
· Maher
Daoud
· Khalil
Zemokhol
LINE OF BUSINESS
Operations : Engaged in the import and distribution of wrapping
machinery and general
equipment for the food and pharmaceutical sectors.
Import Countries : Germany, France, Denmark, Italy, Spain, Austria
and the United States of
America.
International Suppliers :
· Robert
Bosch GmbH Germany
· Alexanderwerk Germany
· Usifroid France
· Lytzen Denmark
· Primodan Denmark
· TGM Italy
· Corazza Italy
· Gerosa Italy
· Germark Spain
· Lleal Spain
· Baumgartner Austria
· Wolverine
Proctor & Shwartz United
States of America
Operating Trend : Steady
Subject has a workforce of 9 employees.
FINANCIAL HIGHLIGHTS
Financial highlights provided by outside sources are given below :
Currency : Egyptian Pounds (£E)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Revenue £E
6,150,000 £E
6,500,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Credit Agricole Egypt
Hassan Sabry
Street
Zamalek
Cairo
Tel: (20-2)
27380126
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 100,000:
Kama Trading Co is very well established in the local market
specialising in the import and distribution of wrapping machinery and general
equipment for the food and pharmaceutical sectors.
During the course of this investigation nothing detrimental was uncovered
regarding the manner in which payment obligations are fulfilled. The operating
history is clear and the financial situation is satisfactory. As such we are of
the opinion that the subject is a fair trade risk and the above credit figure
is within subject’s financial means.
Maximum suggested credit figure: US$ 200,000
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%)