MIRA
INFORM REPORT
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Report Date : |
05.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
EVA CORPORATION FOR COSMETICS SAE |
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Registered Office : |
12 El
Montazah Street Zamalek PO
Box 1002 |
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Country : |
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Year of Establishment : |
1972 |
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Com. Reg. No.: |
85104, |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacture of personal care products such as skin cream and shampoo. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : EVA CORPORATION FOR COSMETICS SAE
Country of Origin :
Legal Form : Egyptian Joint Stock Company
Start Date : 1972
Registration Date : 2004
Commercial Registration Number : 85104,
Issued Capital : £E 25,000,000
Paid up Capital : £E 25,000,000
Total Workforce : 170
Activities : Manufacture of personal care products such as skin cream and shampoo.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 200,000
COMPANY NAME
EVA CORPORATION FOR COSMETICS SAE
ADDRESS
Registered & Physical Address
Street :
Area : Zamalek
PO Box : 1002
Town :
Country :
Telephone : (20-2) 27354945
/ 27354538
Facsimile : (20-2) 27362677
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office
(s)
Location Description
·
6th Industrial Zone,
6th
of
Tel: (20-2) 33812010
/ 33812015
Fax: (20-2)
33812013
·
10 Shawarby Street Office
premises
Tel:
(20-2) 23927334
Fax: (20-2) 23929462
·
Sheyakhet El Fawala
Tel:
(20-2) 23960078
Fax: (20-2) 23992774
·
176 Sadat
Street Office
premises
Pyramids,
Tel: (20-2) 33812015
Fax: (20-2) 33810744
KEY PRINCIPALS
Name Position
·
Dr Mounir Riad Armanious Chairman
·
Hany Tawfik Vice
Chairman
·
Mona Youssef Bassily Rabat Director
·
Dr Mourad Ghabbour General
Manager
·
Medhat Saad Finance
Manager
·
Inda
Armanious Sales
Manager
·
Dr
Joseph Ghattas Export
Manager
·
Emad
Nasr Human
Resources Manager
LEGAL FORM & OWNERS
Date of Establishment : 1972, however
subject was registered in 2004
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 85104,
Issued Capital : £E 25,000,000
Paid up Capital : £E 25,000,000
Name of Shareholder (s)
·
Dr Mounir Riad Armanious
·
Members
of the Armanious family
AFFILIATED COMPANIES
·
Eva
Pharma For Pharmaceuticals & Medical Appliances SAE
Zamalek
Tel: (20-2) 27354945 /
27354538
Fax: (20-2) 33412677
Email: eva@infinity.com.eg
·
Eva Cosmetics Labs
Kafr El Gabal,
Haram,
Tel: (20-2) 33810781 /
33810782
Fax: (20-2) 33810744 /
33815449
OPERATIONS
Activities: Engaged in the manufacture of personal care products such as skin cream and shampoo.
Import
Countries:
Export
Countries:
Brand Names: EVA
Subject has a
workforce of approximately 170 employees.
FINANCIAL DATA
Companies
registered in
BANKERS
·
Commercial
International Bank (CIB)
PO Box: 2430
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
company is considered to be a fair trade risk and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.65 |
|
|
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.