MIRA
INFORM REPORT
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Report Date : |
15.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
KALLA HOME INTERIORS |
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Registered Office : |
9 El
Hegaz Street, Heliopolis,
Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
2003 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesale and Retail of Interior
Decoration Items and Soft Furnishings. |
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 : KALLA HOME INTERIORS
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 2003
Invested Capital : £E 50,000
Total Workforce : 30
Activities : Wholesale and retail of interior decoration items and soft furnishings.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 100,000
COMPANY NAME
KALLA HOME
INTERIORS
ADDRESS
Registered & Physical Address
Street : 9 El
Hegaz Street
Area : Heliopolis
Town : Cairo
Country : Egypt
Telephone : (20-2) 26446737
Facsimile : (20-2) 26446737
Premises
Subject operates from
a small suite of offices and a showroom that are rented and located in the
Central Business Area of Cairo.
Branch Office (s)
Location Description
·
47B,
ElHegaz Street Sales
Office
Mohandessin,
Giza
Cairo
Tel: (20-2)
33629259
KEY PRINCIPALS
Name Position
·
Alia
El Naggar Proprietor
& General Manager
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Ahmed
Shaaban Finance
Manager
·
Salama
Saleh Product
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2003
Legal Form :
Sole Proprietorship
Invested Capital
: £E 50,000
Alia El
Naggar is the sole proprietor
of the business.
OPERATIONS
Activities: Engaged in the
wholesale and retail of interior decoration items and soft furnishings.
Import
Countries: India and Europe
Subject has a workforce
of 30 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
·
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
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%)