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MIRA
INFORM REPORT
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Report Date : |
25.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
PHARAOH COMPANY |
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Registered Office : |
579 Port Said Street, Attaba,
PO Box 440, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
1989 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import and Distribution of
Medical Equipment and Instruments |
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$ 175,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : PHARAOH COMPANY
Also Known As : AL FARANA MEDICAL CO
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1989
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Total Workforce : 8
Activities : Import and distribution of medical equipment and instruments.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 175,000
COMPANY NAME
PHARAOH COMPANY
ALSO KNOWN AS
AL FARANA MEDICAL CO
ADDRESS
Registered & Physical Address
Street : 579 Port Said Street
Area : Attaba
PO Box : 440
Town : Cairo
Country : Egypt
Telephone : (20-2) 25929172
Facsimile : (20-2) 25911982
Mobile : (20-12) 7411239 / 3429099
Email : pharaohegypt@yahoo.com
Premises
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Cairo.
KEY PRINCIPALS
Name Position
· Sabir
Mohamed Ismail Managing
Partner
· Mohamed
Ismail Partner
· Samir
Abdul Moniem Accounts
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1989
Legal Form : Limited Liability
Partnership
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Name of Shareholder (s)
· Sabir
Mohamed Ismail
· Mohamed
Ismail
OPERATIONS
Activities: Engaged in the import and distribution of
medical equipment and instruments.
Import Countries: Switzerland, United Kingdom, United States of
America and Japan.
Operating Trend: Steady
Subject has a workforce of 8 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:
Sales £E
14,300,000 £E
15,900,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
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
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.
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%)