MIRA INFORM
REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
NEW BIRD FOR IMPORT & EXPORT |
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Registered Office : |
12 El
Sayed |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1995 |
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Com. Reg. No.: |
6338 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacturer of twisting yarns and the import and distribution of cotton, polyester and silk yarns, as well as clothing requisites. |
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$ 300,000 |
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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
|
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 : NEW BIRD FOR IMPORT & EXPORT
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1995
Commercial Registration Number : 6338
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Total Workforce : 90
Activities :
Manufacture of twisting yarns and the import and
distribution of cotton,
polyester and silk yarns, as well as clothing requisites.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 300,000
COMPANY NAME
NEW BIRD FOR IMPORT & EXPORT
company ADDRESS
Registered & Physical Address
Street : 12 El
Sayed
Area : Shokry
El Kawtly Area, Mehalla
Town : Gharbeya
Country :
Telephone : (20-40) 2230716 / 2242946 / 2246953
Facsimile : (20-40) 2238781 / 2230716
Premises
Subject operates
from a medium sized suite of offices, a factory and warehousing that are owned
and located in the Suburban Business Area of Gharbeya.
Branch Office (s)
Location Description
·
KEY PRINCIPALS
Name Position
·
Ali Ali El Hefnawi Managing
Partner
·
Salah Abd El Bary Partner
·
Abd El Gelil Sobhy Salama Purchasing
Manager
·
Mahmoud Shahin Factory
Manager
·
Mohamed
Ismail El Said Finance
Manager
·
Ahmed
El Hefnawi Import
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1995
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 6338
Issued Capital : £E 50,000
Paid up Capital : £E 50,000
Name of
Shareholder (s)
·
Ali Ali El Hefnawi
·
Salah Abd El Bary
OPERATIONS
Activities: Engaged in the
manufacture of twisting yarns and the import and distribution of cotton,
polyester and silk yarns, as well as
clothing requisites.
Import
Countries:
Brand Names: OMEGA
Operating Trend: Steady
Subject has a
workforce of 90 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/08: Year
Ending 31/12/09:
Total Sales £E 439,000,000 £E 450,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
National
Bank of
El Mansoura
El Dakahleya
Tel: (20-50) 2329971
Fax: (20-50) 2329972
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 and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.25 |
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Euro |
1 |
Rs.62.68 |
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.