MIRA INFORM
REPORT
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Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
MASH FOR PHARMACEUTICAL INDUSTRIES SAE |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1989 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacturers of medical preparations, cosmetics, skin care products, shampoo and shaving creams. |
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$ 300,000 |
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Status : |
Satisfactory |
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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
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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 : MASH FOR PHARMACEUTICAL INDUSTRIES SAE
Country of Origin :
Legal Form : Egyptian Joint Stock Company
Registration Date : 1989
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 150
Activities : Manufacturers of medical preparations, cosmetics, skin care products,
shampoo and shaving creams.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 300,000
COMPANY
NAME
MASH FOR
PHARMACEUTICAL INDUSTRIES SAE
company
ADDRESS
Registered & Physical
Address
Street :
Area : 7th District,
Town :
Country : Egypt
Telephone : (20-2) 24040468 / 24044033
Facsimile : (20-2) 24040465
Email : sale@mashpharma.com / egypt@mashpharma.com
Premises
Subject operates from
a medium sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Please note that 14
Mostafa El Hahasst,
Branch Office (s)
Location Description
·
3rd
Industrial Zone, Plot No. 54/2 Factory
premises
Tel: (20-2) 28641775
Fax: (20-2) 28641775
KEY
PRINCIPALS
Name Position
·
Mahmoud El Hendawy Chairman
·
Dr Sayed El Hendawy Managing
Director
·
Ali El Hendawy Factory
Manager
LEGAL
FORM & OWNERS
Date of Establishment : 1989
Legal Form :
Egyptian Joint Stock
Company
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Name of Shareholder (s)
·
Mahmoud El Hendawy
·
Dr Sayed El Hendawy
OPERATIONS
Activities: Engaged in the manufacture of medical
preparations, cosmetics, skin care products, shampoo and shaving creams.
Import
Countries: Europe and the
Brand Names: MASH
Operating Trend: Steady
Subject has a workforce
of approximately 150 employees.
FINANCIAL
DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/09: Year Ending
31/12/10:
Total Sales £E 26,275,000 £E 27,410,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Banque
Misr
Tel: (20-2) 33912711 / 33912106
Fax: (20-2) 33919779
PAYMENT
HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL
COMMENTS
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk and
the above credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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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.