MIRA
INFORM REPORT
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Report Date : |
19.12.2011 |
IDENTIFICATION DETAILS
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Name : |
MICROWAY SYSTEMS FOR TRADING SUPPLIERS |
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Registered Office : |
189 El Sudan Street Mohandessin, Giza Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1994 |
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Com. Reg. No.: |
14916, Giza |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacturers of computer requisites. |
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No. of Employees : |
160 |
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$ 1,500,000 |
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Status : |
Good |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 : MICROWAY SYSTEMS FOR TRADING SUPPLIERS
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1994
Commercial Registration Number : 14916, Giza
Issued Capital : £E 5,000,000
Paid up Capital : £E 5,000,000
Total Workforce : 160
Activities : Manufacturers of computer requisites.
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 1,500,000
COMPANY NAME
MICROWAY SYSTEMS FOR TRADING SUPPLIERS
ADDRESS
Registered & Physical Address
Street : 189 El Sudan
Street
Area : Mohandessin,
Giza
Town : Cairo
Country : Egypt
Telephone : (20-2) 33441991
/ 33441992 / 33441993
Facsimile : (20-2) 33441991
Premises
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Cairo.
Branch Office (s)
Location Description
· El Mokatam, Plot
6418 Factory
premises
El Qalaa
Cairo
· El Sefarat
District Factory
premises
Nasr City
Cairo
KEY PRINCIPALS
Name Position
· Medhat Abou Hemila Managing
Partner
· Essam Abou Hemila Partner
· Fatma Ibrahim Administration
Manager
· Moustafa El Malt Accounts
Manager
· Heba El Gindy Sales
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1994
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 14916, Giza
Issued Capital : £E 5,000,000
Paid up Capital : £E 5,000,000
Name of Shareholder (s) Percentage
· Medhat Abou Hemila 50%
· Essam Abou Hemila 50%
OPERATIONS
Activities: Engaged in the manufacture of computer requisites.
Import Countries: China, Hong Kong, Taiwan, Germany, United Kingdom,
Netherlands and United Arab Emirates.
Export Countries: United Arab Emirates, Libya, Sudan, Hong Kong,
Taiwan, Germany, United Kingdom and the
Netherlands.
Brand Names: MICRO
Operating Trend: Steady
Subject has a workforce of 160 employees.
FINANCIAL DATA
Financial highlights provided by local sources are given below:
Currency: United States Dollars (US$)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales US$
44,916,119 US$ 46,683,013
Local sources consider subject’s financial condition to be Good.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Al Watany Bank of Egypt
PO Box: 750
Cairo
Tel: (20-2)
33379363
Fax: (20-2)
33772959
·
National Bank of Egypt
24 Sherif Street
Cairo
Tel:
(20-2) 33924175
Fax: (20-2)
33924143
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.81 |
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|
1 |
Rs.82.00 |
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Euro |
1 |
Rs.68.81 |
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.