MIRA INFORM
REPORT
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Report Date : |
15.04.2011 |
IDENTIFICATION DETAILS
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Name : |
MOUNIR ALI TRADING IMPORT & EXPORT
AGENCIES |
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Registered Office : |
32
Aswan & El Hamidy Street, Port Said 41222 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1975 |
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Com. Reg. No.: |
28392, |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of agricultural products, spices, seasonings, dried
fruits and nuts. |
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$ 150,000 |
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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 : MOUNIR ALI TRADING IMPORT & EXPORT AGENCIES
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1975
Commercial Registration Number : 28392,
Tax Card Number : 50077
Invested Capital : £E 50,000
Total Workforce : 12
Activities :
Distributors of agricultural products, spices,
seasonings, dried fruits and
nuts.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Mohamed Mounir Ali Mahmoud Amin, Assistant General Manager
COMPANY
NAME
MOUNIR
ALI TRADING IMPORT & EXPORT AGENCIES
company
ADDRESS
Registered & Physical
Address
Location : 32
Town :
Country : Egypt
Telephone : (20-66) 3236176 / 3226820
Facsimile : (20-66) 3325706 / 3226820
Email : info@mounirali.com
/ mounirali@gmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Port Said.
KEY
PRINCIPALS
Name Position
·
Mounir Ali Mahmoud Amin Proprietor
& General Manager
·
Mohamed Mounir Ali Mahmoud Amin Assistant
General Manager
LEGAL
FORM & OWNERS
Date of Establishment : 1975
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 28392,
Tax Card No. : 50077
Invested Capital
: £E 50,000
Mr Mounir Ali Mahmoud Amin is the sole proprietor of
the business.
AFFILIATED
COMPANIES
·
Radwan Fish & Freezing Co
OPERATIONS
Activities: Engaged in the import
and distribution of agricultural products, spices, seasonings, dried fruits and
nuts.
Import
Countries: China, India,
Sri Lanka, Vietnam, Philippines, Indonesia, Pakistan, South Korea, Taiwan,
Japan, Malaysia, Singapore, Thailand, Iran, Turkey, Greece, Brazil, Guatemala,
and South Africa
Operating Trend: Steady
Subject has a workforce
of 12 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 9,400,000 £E 9,785,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
National
Bank of
Tel: (20-66) 3224816 / 3226637
Fax: (20-66) 3327008
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 business
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 |
|
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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 |
|
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 |
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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.