MIRA INFORM
REPORT
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Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
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Name : |
EL HELAL KNITTING FACTORY |
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Registered Office : |
El Namous Bridge,
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Country : |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
1975 |
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Com. Reg. No.: |
83809, |
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Legal Form : |
General Partnership |
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Line of Business : |
Manufacturers of clothing items |
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
|
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 HELAL KNITTING FACTORY
Also Known As : EL HELAL FACTORY
Country of Origin :
Legal Form : General Partnership
Registration Date : 1975
Commercial Registration Number : 83809,
Tax Card Number : 430-619-588
Partners Capital : £E 500,000
Total Workforce : 185
Activities : Manufacturers of clothing items.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Amira Omran, Administration Executive
COMPANY NAME
EL HELAL KNITTING FACTORY
ALSO KNOWN AS
EL HELAL FACTORY
company address
Registered & Physical Address
Location : El Namous Bridge
Street :
Area : Bakous,
Town :
Country :
Telephone : (20-3) 5028495 / 5033340
Facsimile : (20-3) 5022409
Email : elhelal_knittingfactory@yahoo.com
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of Alexandria
KEY PRINCIPALS
Name Position
·
Mohamed
Ibrahim Mohamed Abd El Fattah Managing
Partner
·
Ibrahim
Abd El Fattah Partner
·
Said
Abbass Production
Manager
·
Alaa
Abd El Moneim Administration
Manager
·
Eman
Fawzy Purchasing
Manager
·
Amira
Omran Administration
Executive
LEGAL FORM & OWNERS
Date of Establishment : 1975
Legal Form :
General Partnership
Commercial Reg. No. : 83809,
Tax Card No. : 430-619-588
Partners Capital : £E 500,000
Name of Partner (s)
·
Mohamed
Ibrahim Mohamed Abd El Fattah
·
Ibrahim
Abd El Fattah
·
Unnamed
members of the Fattah family
OPERATIONS
Activities: Engaged in the manufacture of clothing
items, including T-shirts, underwear, pyjamas and night gowns.
Import
Countries: Europe and the
International
Clients:
·
Lolly
Togs Ltd
·
Skiva
International Inc
·
Stretch-O-Rama
Inc
Export
Countries:
Brand Names: EL HELAL
Operating Trend: Steady
Subject has a
workforce of approximately 185 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 8,925,446 £E 9,696,720
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
National
Societe Generale Bank
Roushdy
Tel: (20-3) 5440296 / 5437425
Fax:
(20-3) 5455715
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
Subject’s correct
registered name is “El Helal Knitting Factory”, although it is also known under
the Arabic translation as “El Helal Factory”.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.84 |
|
|
1 |
Rs.69.32 |
|
Euro |
1 |
Rs.59.79 |
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 |
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NB |
New Business |
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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.