%20-%20138040%2008-Apr-2011_files/image006.jpg){kind=small}
MIRA INFORM REPORT
|
Report Date : |
08.04.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
ZAHRAN TRADING CENTER (ZTC) |
|
|
|
|
Registered Office : |
14th May Road, Smouha, P O Box 21311, Alexandria |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1984 |
|
|
|
|
Com. Reg. No.: |
6171 |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Distributors of children’s toys, gifts, kitchen equipment, flowers and
ornamental trees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 100,000 |
|
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) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUMMARY
Company Name :
ZAHRAN TRADING CENTER (ZTC)
Country of Origin :
Legal Form :
Limited Liability Partnership
Registration Date :
1984
Commercial Registration Number :
6171
Issued Capital :
£E 250,000
Paid up Capital :
£E 250,000
Total Workforce :
25
Activities :
Distributors of children’s toys, gifts, kitchen equipment, flowers and
ornamental trees.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Recommended Credit Limit :
US$ 100,000
COMPANY
NAME
ZAHRAN TRADING
CENTER (ZTC)
company
ADDRESS
Registered & Physical
Address
Street : 14th
May Road
Area : Smouha
PO Box :
21311
Town :
Country : Egypt
Telephone : (20-3) 4266664
/ 4240555 / 4255955
Facsimile : (20-3) 4266660
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Alexandria.
Branch Office (s)
Location Description
Moustafa Kamel
Sidi Gaber
Tel: (20-3) 4279999 / 4289666
Fax: (20-3) 4274415
KEY
PRINCIPALS
Name Position
Mamdouh Mohamed Zahran Managing
Partner
Tharwat Moustafa Finance
Manager
Amin El Sahn Sales
Manager
Maha Hazzi Office
Manager
LEGAL
FORM & OWNERS
Date of Establishment : 1984
Legal Form : Limited Liability
Partnership
Commercial Reg. No. : 6171
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Name of Partner (s)
· Mamdouh Mohamed Zahran
· Zahran Group for Household SAE
14th May Road
Smouha
Tel: (20-3) 4266664
Fax: (20-3) 4266660
OPERATIONS
Activities: Engaged in the import and distribution of children’s toys, gifts,
kitchen equipment, flowers and ornamental trees.
Import Countries:
Operating Trend: Steady
Subject has a workforce of 25 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
7,900,000 £E
8,275,000
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.
This report is produced in accordance with and
subject to the terms of an agreement between Arab Research & Information
Company Ltd (Aric Ltd) and the customer and contains unconfirmed information
compiled from third parties. Any reproduction or republication of this report
without Aric Ltd’s express written consent is prohibited. Aric Ltd disclaims
all warranties, expressed or implied, with respect to the accuracy or
reliability of the report or its fitness for any purpose.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
|
|
1 |
Rs.71.97 |
|
Euro |
1 |
Rs.63.23 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.