MIRA INFORM
REPORT
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Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Name : |
GOLDEN HORSE FOR TRADING & IMPORT |
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Registered Office : |
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Country : |
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Date of Incorporation : |
July 2010 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of textiles |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
No Complaints |
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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) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 : GOLDEN HORSE FOR TRADING & IMPORT
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : July 2010
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Total Workforce : 6
Activities : Distributors of textiles
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Khaled Mahmoud Najeeb, General Manager
COMPANY
NAME
GOLDEN HORSE FOR TRADING & IMPORT
company
ADDRESS
Registered & Physical
Address
Street :
Area : Mohandessin,
Town :
Country : Egypt
Telephone : (20-2) 42159080
Facsimile : (20-2) 42151444
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
·
Azza
Saeed Abbas Managing
Partner
·
Mirvat
Mohiddine Partner
·
Khaled
Mahmoud Najeeb General
Manager
LEGAL
FORM & OWNERS
Date of Establishment : July 2010
Legal Form :
Limited Liability
Partnership
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Name of Shareholder (s)
·
Azza
Saeed Abbas
·
Mirvat
Mohiddine
AFFILIATED
COMPANIES
·
Najeeb
Akhwan
Kilo 13,
Kalioub
OPERATIONS
Activities: Engaged in the import and distribution of
textiles.
Import
Countries: Europe and the
Subject has a
workforce of 6 employees.
FINANCIAL
DATA
Subject is a newly formed
business and as a result financial information is not currently available.
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
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
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|
1 |
Rs.71.97 |
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Euro |
1 |
Rs.63.23 |
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 |
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 |
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.