MIRA
INFORM REPORT
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Report Date : |
07.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
ENE NAGY EL SAYED BESHAY |
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Registered Office : |
18 Borssa Street, Dokki, Giza, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1983 |
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Com. Reg. No.: |
250456, Cairo |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Importer and Distributor of Japanese Auto 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$ 125,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ENE NAGY EL SAYED BESHAY
Also Known As : BESHAY CO
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1983
Commercial Registration Number : 250456, Cairo
Issued Capital : £E 75,000
Paid up Capital : £E 75,000
Total Workforce : 15
Line of Business : Distributor of Japanese auto spare parts.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
COMPANY NAME
ENE NAGY EL SAYED BESHAY
ALSO KNOWN AS
BESHAY CO
ADDRESS
Registered & Physical Address
Street : 18 Borssa
Street
Area : Dokki, Giza
Town : Cairo
Country : Egypt
Telephone : (20-2) 25765540 / 25768644 / 25781012
Facsimile : (20-2)
25726146
Email : beshay_ene_co@yahoo.com
Premises
Subject operates from a small suite of offices, a warehouse and a
showroom that are rented and located in the Suburban Business Area of Cairo.
KEY PRINCIPALS
· Eng Nagy Aby El
Sayed Beshay Managing
Partner
· Dr Essam Binyamin
Beshay Partner
LEGAL FORM & OWNERS
Date of
Establishment : 1983
Legal Form : Sharikat Tadhamun
Bill Asshum (Limited Liability Partnership)
Commercial Reg.
No. : 250456, Cairo
Issued Capital : £E 75,000
Paid up Capital : £E 75,000
Name of Partner (s)
· Eng Nagy Aby El
Sayed Beshay
· Dr Essam Binyamin
Beshay
LINE OF BUSINESS
Operations: Engaged in the import and
distribution of Japanese auto spare parts, as well as
tractor and heavy duty vehicles.
Import Countries : Japan, China and India.
Operating Trend : Steady
Subject has a workforce of 15 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
7,230,000 £E
7,360,000
Local sources consider subject’s financial condition to be Fair.
BANKERS
·
Al Watany Bank of Egypt
PO Box: 750
Cairo
Tel: (20-2)
3379363
Fax: (20-2)
3772959
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion on the credit figure of US$ 100,000:
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.
Maximum suggested credit figure: US$ 125,000
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%)