MIRA
INFORM REPORT
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Report Date : |
30.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ZEEMOH FOR IMPORT |
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Registered Office : |
14-16 Tawfekia
Street, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
21.08. 2005 |
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Com. Reg. No.: |
1687, Cairo |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and Retail of Auto
Spare Parts and related Accessories. |
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$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : ZEEMOH FOR IMPORT
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 21st August 2005
Commercial Registration Number : 1687, Cairo
Invested Capital : £E 75,000
Total Workforce : 4
Activities : Wholesale and retail of auto spare parts and related accessories.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
ZEEMOH FOR IMPORT
ADDRESS
Registered & Physical Address
Location : 14-16 Tawfekia Street
Town : Cairo
Country : Egypt
Telephone : (20-2) 25798890
Facsimile : (20-2) 25798890
Mobile : (20-12) 3384362
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Cairo.
KEY PRINCIPALS
Name Position
·
Abdulazim
Awad Sabry Proprietor
& General Manager
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Mohamed
Abdulazim Awad Sabry Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 21st
August 2005
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 1687, Cairo
Invested Capital
: £E 75,000
Mr Abdulazim Awad Sabry is the sole proprietor of the
business.
OPERATIONS
Activities: Engaged in the wholesale and retail of auto spare parts and related accessories.
Import Countries: Japan and India.
Operating Trend: Steady
Subject has a
workforce of 4 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 4,600,000 £E 4,900,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
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National Bank
of Egypt
24, Sherif Street
Cairo
Tel : (20-2) 3924175
Fax : (20-2) 3924143
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
This rating
serves as a reference to assess credit risk and for setting the amount of
credit to be extended. It is calculated using information such as Financial
data, Operational size, Payment record, Ownership background and market trend.
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 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%)