MIRA INFORM
REPORT
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Report Date : |
19.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
MISR EL AMRIA SPINNING & WEAVING SAE |
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Registered Office : |
Km 23,
Alexandria Cairo Desert Road, Petro Chemicals Road, Amreya, P O Box 456, Alexandria |
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Country : |
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Year of Establishment : |
1983 |
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Com. Reg. No.: |
107980, |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacturers of bed sheets, pillow cases, towels, bathrobes and table linen |
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$ 7,000,000 |
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Status : |
Good |
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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 : MISR EL AMRIA SPINNING & WEAVING SAE
Country of Origin :
Legal Form : Egyptian Joint Stock Company
Registration Date : 1983
Commercial Registration Number :
107980,
Authorised Capital : £E 900,000,000
Issued Capital : £E 608,137,580
Paid up Capital : £E 608,137,580
Total Workforce : 7,200
Activities :
Manufacturers of bed sheets,
pillow cases, towels, bathrobes and table
linen.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 7,000,000
COMPANY NAMe
MISR EL AMRIA
SPINNING & WEAVING SAE
company ADDRESS
Registered & Physical Address
Street : Km 23,
Area : Amreya
PO Box : 456
Town :
Country :
Telephone : (20-3) 2020126 / 2020127 / 2020128 /
2020129 / 2020130
Facsimile : (20-3) 2020390 / 2020399 / 2020108 /
2020107
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of Alexandria.
Branch Office (s)
Location Description
·
Tel: (20-2) 25129250
Fax: (20-2) 25127092
·
Tel: (20-3) 4863284
Fax: (20-3) 4868419
·
3
Malizia Street Office
premises
Abbasseya
·
·
5 El
Sawy Street Office
premises
·
214
Mounira
·
Mohandessin
·
480 El
Ramleh
·
7 El
Batrikea El Yonania Showroom
premises
Ramleh
·
Ramleh
·
Ibrahimiah
·
Sidi Bishr
·
KEY PRINCIPALS
Name Position
·
Dr Mohamed Ilhamy Abd El Moneim Chairman
·
Ibrahim Mohamed Khalil Director
·
Ibrahim Yassin Director
·
Mahmoud Soliman Director
·
Assem Ahmed Abd El Rehyem Director
·
Hamed El Gendy Director
·
Wesal Moustafa Eyssa Director
·
Ussama Abu Reeda Director
·
Mohamed Kamal Director
·
Mohamed Abass Director
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Ibrahim Khodeir Director
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Mahasen Hassan Director
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Magdy Kamel Saleh Director
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Atef Mahmoud Mossad Director
·
Mahmoud Soliman Finance
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1983
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 107980
Authorised Capital : £E
900,000,000
Issued Capital : £E 608,137,580
Paid up Capital : £E 608,137,580
Name of Shareholder
(s) Percentage
·
Banque
Misr 100%
Agami
Tel: (20-3) 4302697
OPERATIONS
Activities: Engaged in the manufacture of bed
sheets, pillow cases, towels, bathrobes and table linen.
Subject also provides embroidery and hemstitch services
The company is ISO 9001
accredited.
Import
Countries: Europe and
Export
Countries: United States of
America, Australia, United Kingdom, France, Germany, Italy, Greece, Denmark,
Netherlands, New Zealand, Russia and Africa
Brand Names: AMRIA
Subject has a
workforce of approximately 7,200 employees.
FINANCIAL DATA
Companies
registered in
BANKERS
·
Banque
Misr
Agami
Tel: (20-3) 4302697
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.53 |
|
|
1 |
Rs.72.56 |
|
Euro |
1 |
Rs.60.62 |
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.