MIRA INFORM REPORT

Report Date :

19.12.2011

IDENTIFICATION DETAILS

Name :	ROTO HOUSE FOR PRINTING & PACKING INDUSTRIES SAE

Registered Office :	3 Industrial Zone, Plot No. 28 6^th of October City

Country :	Egypt

Year of Establishment :	2010

Com. Reg. No.:	44151, 6^th of October City

Legal Form :	Egyptian Joint Stock Company

Line of Business :	Manufacture and printing of plastic products for packaging and wrapping.

No. of Employees :	90

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$ 100,000
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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Egypt

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

SUMMARY

Company Name : ROTO HOUSE FOR PRINTING & PACKING INDUSTRIES SAE

Country of Origin : Egypt

Legal Form : Egyptian Joint Stock Company

Registration Date : 2010

Commercial Registration Number : 44151, 6^th of October City

Tax Card Number : 392-747-247

Issued Capital : £E 25,000,000

Paid up Capital : £E 25,000,000

Total Workforce : 90

Activities : Manufacture and printing of plastic products for packaging and wrapping.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 100,000

COMPANY NAME

ROTO HOUSE FOR PRINTING & PACKING INDUSTRIES SAE

ADDRESS

Registered & Physical Address

Location : 3 Industrial Zone, Plot No. 28

Town : 6^th of October City

Country : Egypt

Telephone : (20-2) 38342047 / 38342073

Facsimile : (20-2) 38342071

Premises

Subject operates from a medium sized suite of offices and a factory that are rented and located in the Industrial Area of 6^th of October City.

KEY PRINCIPALS

Name Position

· Sameh Riad Nasser Chairman

· Hatem Adel Abd El Fattah Managing Director

· Ahmed Hegazy Financial Manager

LEGAL FORM & OWNERS

Date of Establishment : 2010

Legal Form : Egyptian Joint Stock Company

Commercial Reg. No. : 44151, 6^th of October City

Tax Card No. : 392-747-247

Issued Capital : £E 25,000,000

Paid up Capital : £E 25,000,000

Name of Shareholder (s) Percentage

· Local businessmen and private investors 40%

· Members of the Riad Nasser Family 40%

· Ghareb Mohamed Aly Attia 20%

OPERATIONS

Activities: Engaged in the manufacture and printing of plastic products for packaging and wrapping, mainly serving the food production industry.

Import Countries: China, Indonesia, Italy and Syria.

Subject has a workforce of 90 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

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

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.81
UK Pound	1	Rs.82.00
Euro	1	Rs.68.81

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%)

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