MIRA INFORM
REPORT
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Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
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Name : |
BADAWY FOUNDATION FOR IMPORT AND EXPORT |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1992 |
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Com. Reg. No.: |
113280, Mansoura |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and distribution of agricultural machinery, pumps and diesel engines and related spare parts |
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$ 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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 : BADAWY FOUNDATION FOR IMPORT AND EXPORT
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1992
Commercial Registration Number : 113280, Mansoura
Invested Capital : £E 100,000
Total Workforce : 12
Activities :
Import and distribution of agricultural machinery, pumps
and diesel
engines and related spare parts
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Ibrahim Abdo Badawy, Proprietor
COMPANY NAME
BADAWY FOUNDATION FOR IMPORT AND EXPORT
company ADDRESS
Registered & Physical Address
Street :
Area : El Hosania, Dakhaliya
Town : Mansoura
Country :
Telephone : (20-50) 2218230
Facsimile : (20-50) 2217433
Email : biebadawy@yahoo.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Suburban Business Area of Mansoura.
KEY PRINCIPALS
Name Position
·
Ibrahim
Abdo Badawy Proprietor
& General Manager
·
Hamam Abdo Badawy Assistant
General Manager
·
Omar Abdo Badawy Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1992
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 113280, Mansoura
Invested Capital
: £E 100,000
Mr Ibrahim Abdo
Badawy is the sole proprietor of the business.
AFFILIATED COMPANIES
·
Badawy
For Trading & Engineering
El Hosania
Mansoura
Tel: (20-50) 2218230
Fax: (20-50) 2217433
OPERATIONS
Activities: Engaged in the import and distribution of
agricultural machinery, pumps and diesel engines
and related spare parts.
Import
Countries:
International
Suppliers:
·
Super Jambo Badawy
·
DEC
·
Kirloskar
Diesel Engines Pvt Ltd
·
Lister
Peter
·
Deutz
Operating Trend: Steady
Subject has a workforce
of 12 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pound (£E)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales £E 9,500,000 £E 10,250,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
BNP
Paribas Bank
Mansoura
Tel: (20-50) 2372903
Fax:
(20-50) 2372906
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
Date of
transaction November
2007
Credit amount 100,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency
GENERAL COMMENTS
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.73.54 |
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Euro |
1 |
Rs.62.39 |
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 |
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.