MIRA
INFORM REPORT
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Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABO EL HAMD CO FOR TRADE & INDUSTRIES SUPPLIES |
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Registered Office : |
91
Gomhoureya Street, Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
247913 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Commission Agents Dealing in Fire Extinguishers and Safety
Products. |
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 : ABO EL HAMD CO FOR TRADE & INDUSTRIES SUPPLIES
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 2002
Commercial Registration Number : 247913
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Total Workforce : 28
Activities : Commission agents dealing in fire extinguishers and safety products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
ABO EL HAMD CO FOR TRADE & INDUSTRIES SUPPLIES
ADDRESS
Registered & Physical Address
Location : 91
Gomhoureya Street
Town : Cairo
Country : Egypt
Telephone : (20-2) 25910698
/ 25911638 / 25912304
Facsimile : (20-2) 25933868
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
·
Ibrahim
Abo El Hamd Hamed Ibrahim Managing
Partner
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Mohsen
Adly Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2002
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 247913
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Name of Shareholder (s)
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Ibrahim
Abo El Hamd Hamed Ibrahim
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Members of Mr Ibrahim Abo El Hamd Hamed Ibrahim’s family
OPERATIONS
Activities: Engaged as commission agents dealing in
fire extinguishers and safety products.
Import
Countries: Belgium, United
Kingdom and India
Brand Names: BALGAR
Subject has a
workforce of 28 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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Commercial
International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box : 2430
Cairo
Tel : (20-2) 5703043
Fax : (20-2) 5703172 / 5072691
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 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%)