MIRA
INFORM REPORT
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Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALPHA TRADE |
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Registered Office : |
14 Orabi Street,
Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2007 |
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Year of Establishment : |
1999 |
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Legal Form : |
General Partnership |
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Line of Business : |
Import and distribution of heavy handling equipment, cranes, tractors and spare parts |
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 : ALPHA TRADE
Country of Origin : Egypt
Legal Form : General Partnership
Registration Date : 1999
Partners Capital : £E 50,000
Total Workforce : 5
Activities : Import and distribution of heavy handling equipment, cranes, tractors and spare parts
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 125,000
Person Interviewed : Mohamed El Shaer, Sales Manager
COMPANY NAME
ALPHA TRADE
ADDRESS
Registered &
Physical Address
Location : 14 Orabi Street
Town : Cairo
Country : Egypt
Telephone : (20-2) 25742427
Facsimile : (20-2) 2576970
Mobile : (20-12) 2104989
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
·
Mohsen Abd El
Sayed Beshay Managing
Partner
·
Tony
Mohsen Abd El Sayed Beshay Partner
·
Mohamed
El Shaer Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1999
Legal Form :
General Partnership
Partners Capital : £E 50,000
Name of Partner (s)
·
Mohsen Abd El
Sayed Beshay
·
Tony
Mohsen Abd El Sayed Beshay
OPERATIONS
Activities: Engaged in the import and distribution of
heavy handling equipment, cranes, tractors and spare parts.
Import
Countries: Japan, Germany,
Italy and the United Kingdom
International
Suppliers:
·
Isuzu Japan
·
Mercedes Germany
Operating Trend: Steady
Subject has a
workforce of 5 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:
Total Sales £E 8,600,000 £E 9,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Blom Bank
Egypt
54 Lebanon Street
Mohandessin, Giza
Cairo
Tel: (20-2) 33042404
Fax: (20-2) 33039801
·
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.
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.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)