MIRA
INFORM REPORT
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Report Date : |
27.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
EL MAGED FOR INVESTMENT IMPORT & EXPORT |
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Registered Office : |
37,Street
231, Degla
El Maadi, Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
22nd April 2003 |
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Com. Reg. No.: |
9765, Cairo |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Engaged
in real estate investment, development, contracting and supplies. |
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 : EL MAGED FOR INVESTMENT IMPORT & EXPORT
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 22nd April 2003
Commercial Registration Number : 9765, Cairo
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Total Workforce : 7
Activities : Real estate investment, development, contracting and supplies.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 125,000
COMPANY NAME
EL
MAGED FOR INVESTMENT IMPORT & EXPORT
ADDRESS
Registered & Physical Address
Street : 37,Street
231
Area : Degla
El Maadi
Town : Cairo
Country : Egypt
Telephone : (20-2) 25198273
Facsimile : (20-2) 25211510
/ 25211519
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Suburban Business Area of Cairo.
Branch Office (s)
Location Description
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70
El Mergani Street Rented
sales office
Misr
El Gedidah
Cairo
KEY PRINCIPALS
Name Position
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Ahmed
Jawdat Taha Abdul Dayem Managing
Director
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Mrs
Reem Majid Dribka Director
LEGAL FORM & OWNERS
Date of Establishment : 22nd
April 2003
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 9765, Cairo
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Name of Shareholder (s)
·
Ahmed
Jawdat Taha Abdul Dayem
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Mrs
Reem Majid Dribka
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Members of Mr Ahmed Jawdat Taha Abdul Dayem’s family
OPERATIONS
Activities: Engaged in real
estate investment, development, contracting and supplies.
Subject has a
workforce of 7 employees.
FINANCIAL DATA
Companies
registered in Egypt are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
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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
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.
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%)