MIRA INFORM
REPORT
|
Report Date : |
22.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
PRINT HOME FOR PRINTING & PACKAGING |
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|
|
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Registered Office : |
2nd
Zone, Mubarak Industrial City, Quesna, Menoufeya |
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|
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2000 |
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Com. Reg. No.: |
4631 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacturers of packaging and wrapping materials |
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$ 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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Egypt |
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 : PRINT HOME FOR PRINTING & PACKAGING
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 2000
Commercial Registration Number : 4631
Tax Card Number : 200-403-109
Issued Capital : £E 1,500,000
Paid up Capital : £E 1,500,000
Total Workforce : 130
Activities : Manufacturers of packaging and wrapping materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 300,000
COMPANY
NAME
PRINT HOME FOR PRINTING & PACKAGING
company
ADDRESS
Registered & Physical
Address
Location : 2nd Zone, Mubarak
Industrial City
Area : Quesna
Town : Menoufeya
Country : Egypt
Telephone : (20-48) 2590446 / 2590447
Facsimile : (20-48) 2590445
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located in
the Industrial Area of Menoufeya.
Branch Office (s)
Location Description
·
Gharbeya Warehouse
premises
KEY
PRINCIPALS
Name Position
·
Tarek
El Sayed Said Gazer Managing
Partner
·
Mahmoud
Amin Selim Partner
·
Amir El
Alfy Finance
Manager
LEGAL
FORM & OWNERS
Date of Establishment : 2000
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 4631
Tax Card No. : 200-403-109
Issued Capital : £E 1,500,000
Paid up Capital : £E 1,500,000
Name
of Shareholder (s) Percentage
·
Tarek
El Sayed Said Gazer 50%
·
Mahmoud
Amin Selim 50%
OPERATIONS
Activities: Engaged in the manufacture of packaging and
wrapping materials, including polypropylene, twist PVC
and shrink PVC.
Import Countries: India, China and Italy
Operating Trend: Steady
Subject has a
workforce of 130 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 58,374,712 £E 56,639,980
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
87 Gamal Abdel Nasser Street
Menoufeya
Tel: (20-48) 2222056
Fax: (20-48) 2225374
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.44.33 |
|
|
1 |
Rs.72.92 |
|
Euro |
1 |
Rs.64.69 |
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.