MIRA
INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
EL RAWI IMPORT & EXPORT |
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Registered Office : |
7 Soliman
Elhalaby 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 : |
1982 |
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Com. Reg. No.: |
351188, Cairo |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import and distribution of raw materials, aluminium coils, and cold roll spring steel |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name : EL RAWI IMPORT & EXPORT
Trading As : RAWSAMCO
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1982
Commercial Registration Number : 351188, Cairo
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Total Workforce : 6
Activities :
Import and distribution of raw materials, aluminium
coils, and cold roll spring steel
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
EL RAWI
IMPORT & EXPORT
TRADING AS
RAWSAMCO
ADDRESS
Registered &
Physical Address
Location : 7 Soliman Elhalaby Street
Town : Cairo
Country : Egypt
Telephone : (20-2) 25799520
Facsimile : (20-2) 25787842
Mobile : (20-12) 6865456
Email : yasser20_20@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
·
Walid
Abdulrahim Abdullah El Rawi Managing
Partner
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Abdulrahim
Abdullah El Rawi Partner
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Ahmed
Salah General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1982
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 351188, Cairo
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Name of Shareholder
(s)
·
Walid
Abdulrahim Abdullah El Rawi
·
Abdulrahim
Abdullah El Rawi
OPERATIONS
Activities: Engaged in the import
and distribution of raw materials, aluminium coils, and cold roll spring
steel.
Import
Countries: India and China
Operating Trend: Steady
Subject has a
workforce of 6 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 9,285,000 £E 10,500,000
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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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
company is considered to be a fair trade risk.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.26 |
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UK Pound |
1 |
Rs.79.19 |
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Euro |
1 |
Rs.64.42 |
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%)