MIRA INFORM
REPORT
|
Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
NOUR ELDEEN IMPORT & EXPORT AGENCIES |
|
|
|
|
Registered Office : |
Al |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
2009 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Distributors of general foodstuff products, dairy
products, fruit and vegetables |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
US$ 35,000 |
|
|
|
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUMMARY
Company Name : NOUR ELDEEN IMPORT & EXPORT AGENCIES
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 2009
Invested Capital : £E 50,000
Total Workforce : 10
Activities : Distributors of general foodstuff products, dairy products, fruit and
vegetables.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 35,000
COMPANY NAME
NOUR ELDEEN IMPORT
& EXPORT AGENCIES
company ADDRESS
Registered & Physical Address
Building : Al
Street :
Area :
Town :
Country :
Telephone : (20-40) 3353335
Facsimile : (20-40) 3342116
Email : eltojareya.co@hotmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Tanta.
KEY PRINCIPALS
Name Position
·
Nour Eldeen Saeed Nour Eldeen Proprietor
& General Manager
·
Heba Hegazi Import
Manager
·
Mohamed Mahrous Finance
Manager
·
Mohmaed Fathi Accountant
LEGAL FORM & OWNERS
Date of Establishment : 2009
Legal Form :
Sole Proprietorship
Invested Capital
: £E 50,000
Mr Nour Eldeen Saeed
Nour Eldeen is the sole
proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of general
foodstuff products, dairy products, fruit and vegetables.
Import
Countries: Europe and the
Subject has a
workforce of 10 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pound (£E)
Year
Ending 31/12/10:
Total Sales £E
4,100,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Piraeus
Bank
Tel: (20-40) 3350659
Fax: (20-40) 3350681
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
business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.50 |
|
|
1 |
Rs.73.07 |
|
Euro |
1 |
Rs.61.63 |
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 |
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.