MIRA
INFORM REPORT
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Report Date : |
19.01.2011 |
IDENTIFICATION DETAILS
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Name : |
TRADERS INC MISR |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Year of Establishment : |
2007 |
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Com. Reg. No.: |
61092, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of fruit and vegetables |
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$ 350,000 |
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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
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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 : TRADERS INC MISR
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 2007
Commercial Registration Number : 61092,
Tax Card Number : 286-584-875
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 100
Activities : Distributors of fruit and vegetables
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 350,000
COMPANY NAME
TRADERS INC MISR
ADDRESS
Registered & Physical Address
Street :
Area : Smouha
Town :
Country :
Telephone : (20-3) 4208096 / 4265712
Facsimile : (20-3) 4208096
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of
Branch Office
(s)
Location Description
·
Adly
Farm Street Warehouse
premises
Kafr El Dawar
Beheira
KEY PRINCIPALS
Name Position
·
Ashraf
Adly Managing
Partner
·
Ali
Baraket Partner
·
Adel Baraket Partner
·
Ehab
Baraket Partner
LEGAL FORM & OWNERS
Date of Establishment : 2007
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 61092,
Tax Card No. :
286-584-875
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Name of Shareholder (s) Percentage
·
Ashraf
Adly 38%
·
Ali
Baraket 38%
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Adel
Baraket 12%
·
Ehab
Baraket 12%
OPERATIONS
Activities: Engaged in the import and distribution of
fruit and vegetables.
Import
Countries:
Export
Countries:
Operating Trend: Steady
Subject has a
workforce of 100 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 15,320,536 £E 18,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Export
Development Bank of
95 26th July Road
Azarita
Tel: (20-3) 4869860 / 4868488
Fax: (20-3) 4829206
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
According to local
sources subject is making steady progress in the local business market and
nothing detrimental has been reported regarding the manner in which payments
are fulfilled. As such the company is considered to be a fair trade risk.
The above credit
figure is higher than transactions previously seen and a measure of caution
would be prudent given the magnitude of the transaction.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.53 |
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1 |
Rs.72.56 |
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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.