MIRA INFORM REPORT

Report Date :

01.08.2011

IDENTIFICATION DETAILS

Name :	EL MADINA EL MENAWARA FOR PRINTING AND GARMENTS

Registered Office :	Plot No. 92, Industrial Zone A3, 10^th of Ramadan City

Country :	Egypt

Date of Incorporation :	01.02.2010

Com. Reg. No.:	3902

Legal Form :	Limited Liability Partnership

Line of Business :	Printers of garments

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	US$ 200,000

Status :	Moderate

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 – March 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

Egypt

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

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SUMMARY

Company Name : EL MADINA EL MENAWARA FOR PRINTING AND GARMENTS

Country of Origin : Egypt

Legal Form : Limited Liability Partnership

Registration Date : 1^st February 2010

Commercial Registration Number : 3902

Issued Capital : £E 2,500,000

Paid up Capital : £E 2,500,000

Total Workforce : 150

Activities : Printers of garments.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 200,000

COMPANY NAME

EL MADINA EL MENAWARA FOR PRINTING AND GARMENTS

company ADDRESS

Registered & Physical Address

Location : Plot No. 92, Industrial Zone A3

Town : 10^th of Ramadan City

Country : Egypt

Telephone : (20-15) 364007

Facsimile : (20-15) 368688

Mobile : (20-12) 2143448

Email : ahmed_elamir02@hotmail.com

Premises

Subject operates from a large suite of offices and a factory that are rented and located in the Industrial Area of the 10^th of Ramadan City.

KEY PRINCIPALS

Name Position

· Ahmed Ullah Al Amir Mostfa Managing Partner

· Yasser Al Amir Mostfa Partner

· Walid Al Amir Mostfa Partner

· Al Amir Mostfa Partner

LEGAL FORM & OWNERS

Date of Establishment : 1^st February 2010

Legal Form : Limited Liability Partnership

Commercial Reg. No. : 3902

Issued Capital : £E 2,500,000

Paid up Capital : £E 2,500,000

Name of Shareholder (s)

· Ahmed Ullah Al Amir Mostfa

· Yasser Al Amir Mostfa

· Walid Al Amir Mostfa

· Al Amir Mostfa

AFFILIATED COMPANIES

· El Madina El Menawara Dying & Finishing

Industrial Zone C1

Arafat Street

10^th Of Ramadan City

OPERATIONS

Activities: Engaged as printers of garments.

Import Countries: Europe and the Far East.

Subject has a workforce of 150 employees.

FINANCIAL DATA

Companies registered in Egypt are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

BANKERS

· Misr International Bank (MIBANK)

Main Branch

10^th of Ramadan City

Tel: (20-15) 378435

Fax: (20-15) 378327

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

The above credit figure is higher than transactions previously seen and a measure of caution would be prudent.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.16
UK Pound	1	Rs.72.10
Euro	1	Rs.63.10

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
----	NB	New Business	----

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.