MIRA INFORM
REPORT
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Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
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Name : |
EL KAMILYA TO |
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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 : |
1995 |
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Com. Reg. No.: |
10639 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of fruit juices, concentrates and vegetables |
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 – 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 : EL KAMILYA TO
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1995
Commercial Registration Number : 10639
Tax Card Number : 461-675-455
Invested Capital : £E 1,500,000
Total Workforce : 15
Activities : Distributors of fruit juices, concentrates and vegetables.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
Person Interviewed : Ashraf Mahmoud Moustafa, Proprietor
COMPANY NAME
EL KAMILYA TO
company ADDRESS
Registered & Physical Address
Street :
Area : Mogamaa Abdel Moneim Gaber
Town :
Country :
Telephone : (20-3) 5918274 / 5918264
Facsimile : (20-3) 5921871 / 4284271
Email : kn2co@hotmail.com / kn2co@yahoo.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Alexandria.
KEY PRINCIPALS
Name Position
·
Ashraf
Mahmoud Moustafa Proprietor
& General Manager
·
Rasha
Mohamed Sobhi Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1995
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 10639
Tax Card No. : 461-675-455
Invested Capital
: £E 1,500,000
Mr Ashraf Mahmoud
Moustafa is the sole proprietor of the business.
AFFILIATED COMPANIES
·
El
Kamilya Group
Tel: (20-3) 5918274 / 5918264
OPERATIONS
Activities: Engaged in the import and distribution of
fruit juices, concentrates and vegetables.
Import
Countries: Europe and the
Operating Trend: Steady
Subject has a
workforce of 15 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency:
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales US$ 9,380,000 US$ 10,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Ashraf Mahmoud Moustafa, Proprietor
BANKERS
·
Export
Development Bank of
Roushdy
Tel: (20-3) 5450018 / 5440428
Fax: (20-3) 5450009
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
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.