MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ANMA INTERNATIONAL FREIGHT FORWARDER |
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Registered Office : |
28 Melsa
Buildings, 2nd Floor, No. 22, Off Makram Obaid
Street, Nasr City, Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
1993 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Provision of Freight and
Forwarding Services as well as the Import and Export of General Merchandise |
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 : ANMA INTERNATIONAL FREIGHT FORWARDER
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 1993
Invested Capital : £E 50,000
Total Workforce : 5
Activities :
Provision of freight and forwarding services as well
as the import and export of general merchandise
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 100,000
COMPANY NAME
ANMA INTERNATIONAL
FREIGHT FORWARDER
ADDRESS
Registered & Physical Address
Building : 28 Melsa Buildings, 2nd Floor,
No. 22
Street : Off
Makram Obaid Street
Area : Nasr City
Town : Cairo
Country : Egypt
Telephone : (20-2) 24152667
Facsimile : (20-2) 24152667
Mobile : (20-10) 5365016
Email : ezzdezz@hotmail.com
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
·
Anan
Salama Proprietor
& General Manager
·
Mohamed
Ezz Assistant
General Manager
LEGAL FORM & OWNERS
Date of Establishment : 1993
Legal Form :
Sole Proprietorship
Invested Capital
: £E 50,000
Mr Anan Salama is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the
provision of freight and forwarding services as well as the import and export
of general
merchandise.
Import
Countries: India
Subject has a
workforce of 5 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 du
Caire Barclays Internationale SAE
12, Midan El Sheikh Youssef Street
Garden City
PO Box: 110, Maglis El Shaab
Cairo
Tel: (20-2) 3542195 / 3549415 / 3549422
Fax: (20-2) 3552746
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.
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%)