MIRA INFORM
REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
ELBADR FOR PAPER PRODUCTION COMPANY |
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Registered Office : |
2, Mostafa Riyad
Street, El Mentika El Awala,
Nasr City, 1st Industrial Zone, Cairo |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2006 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Production of writing paper |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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$ 175,000 |
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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 |
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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 : ELBADR FOR PAPER PRODUCTION COMPANY
Country of Origin :
Legal Form : Egyptian Joint Stock Company
Registration Date : 2006
Issued Capital : £E 18,000,000
Paid up Capital : £E 18,000,000
Total Workforce : 110
Activities : Production of writing paper
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 175,000
Person Interviewed : Moustafa Ebeid, Managing Director
COMPANY
NAME
ELBADR FOR PAPER
PRODUCTION COMPANY
company
ADDRESS
Mailing Address
Street : 2,
Area : El Mentika El
Awala,
Town :
Country : Egypt
Telephone : (20-2) 24019290
Facsimile : (20-2) 24019290
Email :
moustafaebeid@yahoo.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the
Industrial Area of Cairo.
Branch Office (s)
Location Description
·
Plot
No. 7, El Maya Fadan Office
and factory premises
El
Tel: (20-2) 23108181 / 23108182 / 23108183
Fax: (20-2) 23108180
KEY
PRINCIPALS
Name Position
·
Moustafa
Ebeid Managing
Director
·
Khalid
Mohamed El Bana Director
·
Mohamed
Rizq Mohamed Rizq Director
LEGAL
FORM & OWNERS
Date of Establishment : 2006
Legal Form :
Egyptian Joint Stock
Company
Issued Capital : £E 18,000,000
Paid up Capital : £E 18,000,000
Name of Shareholder (s)
·
Moustafa
Ebeid
·
Khalid Mohamed
El Bana
·
Mohamed
Rizq Mohamed Rizq
OPERATIONS
Activities: Engaged in the production of writing paper.
Production Capacity: 9,000 tonnes per annum
Import
Countries:
Operating Trend: Steady
Subject has a workforce
of 110 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 12,400,000 £E 13,000,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures were confirmed by Moustafa Ebeid, Managing Director
BANKERS
·
National
Bank of
35 Mohy Eldin Abdelaziz
Mohandessin,
Tel: (20-2) 33609724
Acc No. 61463
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.44.48 |
|
|
1 |
Rs.72.37 |
|
Euro |
1 |
Rs.64.42 |
RATING EXPLANATIONS
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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.