MIRA INFORM REPORT

Report Date :

04.01.2011

IDENTIFICATION DETAILS

Name :	ESMAIL TAHER HARRAZ

Registered Office :	13 Ahmed Maher Street, Bab El Khalq, Cairo

Country :	Egypt

Financials (as on) :	31.12.2010

Year of Establishment :	1965

Com. Reg. No.:	181898, Cairo

Legal Form :	Sole Proprietorship

Line of Business :	Wholesalers and retailers of herbs, spices and seeds

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	US$ 150,000
Status :	Satisfactory
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)

Egypt

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SUMMARY

Company Name : ESMAIL TAHER HARRAZ

Country of Origin : Egypt

Legal Form : Sole Proprietorship

Registration Date : 1965

Commercial Registration Number : 181898, Cairo

Invested Capital : £E 20,000

Total Workforce : 8

Activities : Wholesalers and retailers of herbs, spices and seeds.

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Recommended Credit Limit : US$ 150,000

Person Interviewed : Mohamed Esmail Taher Harraz, Assistant General Manager

COMPANY NAME

ESMAIL TAHER HARRAZ

company address

Registered & Physical Address

Street : 13 Ahmed Maher Street

Area : Bab El Khalq

Town : Cairo

Country : Egypt

Telephone : (20-2) 25109020 / 25110458

Facsimile : (20-2) 25103580

Mobile : (20-12) 2139495

Premises

Subject operates from a small suite of offices and a showroom that are rented and located in the Central Business Area of Cairo.

KEY PRINCIPALS

Name Position

· Esmail Taher Harraz Proprietor & General Manager

· Mohamed Esmail Taher Harraz Assistant General Manager

LEGAL FORM & OWNERS

Date of Establishment : 1965

Legal Form : Sole Proprietorship

Commercial Reg. No. : 181898, Cairo

Invested Capital : £E 20,000

Mr. Esmail Taher Harraz is the sole proprietor of the business.

OPERATIONS

Activities : Engaged in the wholesale and retail of herbs, spices and seeds.

Import Countries : Europe and GCC countries.

Subject has a workforce of 8 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 7,900,000 £E 8,000,000

Local sources consider subject’s financial condition to be Fair.

The above financial figures are based on estimations by our local sources.

BANKERS

· Banque Misr

151 Mohamed Farid Street

Cairo

Tel: (20-2) 33912711 / 33912106

Fax: (20-2) 33919779

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.44.67
UK Pound	1	Rs.69.45
Euro	1	Rs.59.37

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
----	NB	New Business	----

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.