MIRA
INFORM REPORT
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Report Date : |
23.12.2011 |
IDENTIFICATION DETAILS
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Name : |
YAHIA SAYED OMAR |
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Registered Office : |
Shano Building 1st Floor, No. 13, City Centre, Merkato District, P.o. Box 4202 Addis Ababa |
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Country : |
Ethiopia |
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Date of Incorporation : |
15.02.1969 |
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Com. Reg. No.: |
211452 Addis Ababa |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Export of seeds, pulses, spices, herbs, oilseeds and related products and import of general merchandise such as textiles, machinery, electrical products, automotive products etc |
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No. of Employees : |
20 Employees |
RATING & COMMENTS
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MIRAs 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 : |
USD 150,000 |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Ethiopia |
C1 |
C1 |
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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 |
SUBJECT'S NAME
Registered Name: YAHIA SAYED OMAR
Requested Name: YAHIA SAYED
OMAR
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: Shano Building
1st Floor, No. 13, City Centre, Merkato District, Addis Ababa
Postal Address: P.o. Box 4202
Addis Ababa
Country: Ethiopia
Phone: 251-11-2751296/2770339/2770304
Cell: 251-911205180/81
Fax: 251-11-2752911
Email: info@yso.com.et/abdalla@yso.com.et/myso@yso.com.et/yso@ethionet.et
Website: www.yso.com.et
CREDIT OPINION
Financial Index as of December 2009 shows subject firm
with a medium risk of credit. However, bank and credit information obtained
reveal a history of prompt payments. We recommend Credit of USD 150,000 on 90
days.
LEGAL
Legal Form: Sole Proprietorship
Date Incorporated: 15/02/1969
Reg. Number: 211452 Addis Ababa
Nominal Capital ETB. 500,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. Yahia Sayed Omar Owner 100%
Mr. Abdalla Yahia Manager
Mr. Mohammed Yahia Manager
Mr. Omar Yahia Almagbouli Manager
RELATED COMPANIES
None Parent company.
None Subsidiary company.
AAFE - AHMED AMER FAYEE EST. FOR COMMERCIAL SERVICES Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate export of seeds, pulses, spices,
herbs, oilseeds and related products and import of general merchandise such as
textiles, machinery, electrical products, automotive products etc
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: Various
Employees: 20
employees.
Vehicles: Several
motor vehicles.
Territory of sales: Ethiopia
Location: Owned
premises, 10.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information not available.
FINANCE
Currency Reported: Ethiopian Birr (ETB.)
Approx. Ex. Rate: 1 US Dollar = 17.28 Ethiopian Birr
Fiscal Year End: December
31, 2010
Inflation: According
to information given by independent sources, the inflation at December
31st, 2010 was of 13%.
Financial Information not Submitted
Profit and Loss (expressed in ETB.)
2010
Sales 58,000,000
BANK
Bank Name: ECb Bank
Branch: Enterprise Rd, Nairobi
Comments: None
TRADE
REFERENCES
Experiences: Good
NOTARIAL
BONDS
None
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources
other than the subject company itself and confirmed the above subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
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|
1 |
Rs.82.73 |
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Euro |
1 |
Rs.68.88 |
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 |
-- |
This score serves as a reference to assess SCs 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.