MIRA
INFORM REPORT
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Report Date : |
18.08.2011 |
IDENTIFICATION DETAILS
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Name : |
LIPTIS EGYPT FOR PHARMACEUTICAL PRODUCTS CO |
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Formerly Known As : |
LIPTIS EGYPT CO / LIPTIS PHARMACEUTICALS |
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Registered Office : |
65 Manial Street El Pasha Square, Manial Cairo |
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Country : |
Egypt |
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Year of Establishment : |
2004 |
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Com. Reg. No.: |
48828 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacture of pharmaceutical preparations. |
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$ 250,000 |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Egypt |
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 : LIPTIS EGYPT FOR PHARMACEUTICAL
PRODUCTS CO
Also Known As : LIPTIS EGYPT CO / LIPTIS PHARMACEUTICALS
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 2004
Commercial Registration Number : 48828
Tax Card Number : 431-157-022
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Total Workforce : 250
Activities : Manufacture of pharmaceutical preparations.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 250,000
COMPANY NAME
LIPTIS EGYPT FOR PHARMACEUTICAL PRODUCTS CO
ALSO KNOWN AS: LIPTIS EGYPT CO / LIPTIS PHARMACEUTICALS
ADDRESS
Registered & Physical Address
Street : 65 Manial
Street
Area : El Pasha
Square, Manial
Town : Cairo
Country : Egypt
Telephone : (20-2) 25310174
Facsimile : (20-2)
23687847 / 23683423
Premises
Subject operates from a large suite of offices that are rented and located
in the Suburban Business Area of Cairo.
Branch Office (s)
Location Description
· 6th Industrial
Zone, Area B2 Factory
premises
6th of
October City
Tel:
(20-10) 3333992
KEY PRINCIPALS
Name Position
· Dr Lotfy Ismail
Omar Managing
Partner
· Dr Ahmed Samir General
Manager
· Nasr Hassan Finance
Manager
· Mohamed Alaa Administration
Manager
· Mohamed Nabil Purchasing
Manager
· Ali Fathy Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 2004
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 48828
Tax Card No. : 431-157-022
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Name of Shareholder (s)
· Dr Lotfy Ismail
Omar
· Members of Dr Lotfy
Ismail Omar’s family
OPERATIONS
Activities: Engaged in the manufacture of pharmaceutical preparations. Subject is
currently in the process of
launching a new production line for baby milk under licence of Hok Dorf
(Switzerland).
Import Countries: Switzerland and Egypt.
Subject has a workforce of approximately 250 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
· Export Development
Bank of Egypt
108 Mohi El Din
Abu El Ezz Street
Mohandessin
Cairo
11111
Tel:
(20-2) 33619005 / 33385877
Fax:
(20-2) 33385940 / 33385938
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.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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|
1 |
Rs.74.56 |
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Euro |
1 |
Rs.65.33 |
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
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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.