MIRA INFORM
REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AL KHLOOD FOR TRADE AND SUPPLY AND IMPORT AND
EXPORT |
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Registered Office : |
10 Gamal Abdul Aal, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
07.06.2000 |
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Com. Reg. No.: |
43595, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of agricultural machinery, engines, pumps and hoses |
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$ 100,000 |
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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) |
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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 : AL KHLOOD FOR TRADE AND SUPPLY AND IMPORT AND EXPORT
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 7th June 2000
Commercial Registration Number : 43595,
Tax Card Number : 332-963-888
Invested Capital : £E 50,000
Total Workforce : 8
Activities : Distributors of agricultural machinery, engines, pumps and hoses.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
Person Interviewed : Mohamed Yousef Jaber Abu Zaid, Proprietor
COMPANY
NAME
AL KHLOOD FOR TRADE
AND SUPPLY AND IMPORT AND EXPORT
company
ADDRESS
Registered
Office
Location : 10 Gamal Abdul
Aal
Town :
Province : El Gharbeya
Country : Egypt
Telephone : (20-40)
3293570
Facsimile : (20-40)
3293570
Physical Address
Street :
Area : Zahra,
Town :
Country :
Email : group.yousef@hotmail.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Cairo.
KEY
PRINCIPALS
Name Position
·
Mohamed
Yousef Jaber Abu Zaid Proprietor
& General Manager
LEGAL
FORM & OWNERS
Date of Establishment : 7th
June 2000
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 43595,
Tax Card No. : 332-963-888
Invested Capital
: £E 50,000
Mr Mohamed Yousef Jaber Abu Zaid is the sole proprietor of the business.
AFFILIATED
COMPANIES
·
Shukri
For Fibre Glass
OPERATIONS
Activities: Engaged in the import and distribution of agricultural machinery, engines, pumps and
hoses.
Import
Countries:
International Suppliers:
·
·
Coboto
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
8,200,000 £E
8,500,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Banque
du Caire SAE
22 Adly Street
PO Box: 1495
Tel: (20-2) 33904554
Fax: (20-2) 33908992
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.48 |
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|
1 |
Rs.72.37 |
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Euro |
1 |
Rs.64.42 |
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 |
|
<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.