MIRA INFORM REPORT

Report Date :

02.04.2011

IDENTIFICATION DETAILS

Correct Name :	EL GEZIRA IMPORT AND EXPORT

Registered Office :	56 Iran Street, Dokki, Cairo

Country :	Egypt

Financials (as on) :	31.12.2010

Date of Incorporation :	01.01.2007

Com. Reg. No.:	187302, Giza

Legal Form :	Sole Proprietorship

Line of Business :	Distributors of textiles and fabric

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	US$ 150,000
Status :	Satisfactory
Payment Behaviour :	No Complaints
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2010

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Egypt

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SUMMARY

Company Name : EL GEZIRA IMPORT AND EXPORT

Country of Origin : Egypt

Legal Form : Sole Proprietorship

Registration Date : 1^st January 2007

Commercial Registration Number : 187302, Giza

Invested Capital : £E 20,000

Total Workforce : 8

Activities : Distributors of textiles and fabric

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Recommended Credit Limit : US$ 150,000

Person Interviewed : Tariq Shokri Abdulaziz Ibrahim, Proprietor

COMPANY NAME

EL GEZIRA IMPORT AND EXPORT

Company ADDRESS

Registered & Physical Address

Street : 56 Iran Street

Area : Dokki

Town : Cairo

Country : Egypt

Telephone : (20-2) 37620761

Facsimile : (20-2) 37480908

Mobile : (20-10) 6520420 / (20-11) 1100501

Email : larekshokribrahim@yahoo.com

Premises

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Cairo.

Branch Office (s)

Location Description

· Flat No. 19, 5^th Floor Office premises

16 Mohieddine Abu El Ezz Street

Dokki

Cairo

KEY PRINCIPALS

Name Position

· Tariq Shokri Abdulaziz Ibrahim Proprietor & General Manager

LEGAL FORM & OWNERS

Date of Establishment : 1^st January 2007

Legal Form : Sole Proprietorship

Commercial Reg. No. : 187302, Giza

Invested Capital : £E 20,000

Mr Tariq Shokri Abdulaziz Ibrahim is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of textiles and fabric.

Import Countries: Europe and the Far East

Brand Names: SILVER SUN

Operating Trend: Steady

Subject has a workforce of 8 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Egyptian Pound (£E)

Year Ending 31/12/09: Year Ending 31/12/10:

Total Sales £E 8,850,000 £E 9,160,000

Local sources consider subject’s financial condition to be Fair.

The above financial figures are based on estimations by our local sources.

BANKERS

· Commercial International Bank (CIB)

Nile Tower Building

21-23 Giza Street

PO Box: 2430

Cairo

Tel: (20-2) 25703043

Fax: (20-2) 25703172 / 25072691

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.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.65
UK Pound	1	Rs.71.93
Euro	1	Rs.63.24

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.