MIRA INFORM
REPORT
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Report Date : |
29.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
BADAWY FOUNDATION FOR IMPORT AND EXPORT s |
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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 : |
1992 |
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Com. Reg. No.: |
113280, Mansoura |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import and distribution of agricultural machinery, pumps and diesel engines and related spare parts |
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
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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 : BADAWY FOUNDATION FOR IMPORT AND EXPORT
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1992
Commercial Registration Number : 113280, Mansoura
Invested Capital : £E 100,000
Total Workforce : 12
Activities :
Import and distribution of agricultural machinery, pumps
and diesel
engines and related spare parts
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Ibrahim Abdo Badawy, Proprietor
COMPANY NAME
BADAWY FOUNDATION
FOR IMPORT AND EXPORT
compANY ADDRESS
Registered & Physical Address
Street :
Area : El Hosania, Dakhaliya
Town : Mansoura
Country :
Telephone : (20-50) 2218230
Facsimile : (20-50) 2217433
Email : biebadawy@yahoo.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Suburban Business Area of Mansoura.
KEY PRINCIPALS
Name Position
·
Ibrahim
Abdo Badawy Proprietor
& General Manager
·
Hamam Abdo Badawy Assistant
General Manager
·
Omar Abdo Badawy Commercial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1992
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 113280, Mansoura
Invested Capital
: £E 100,000
Mr Ibrahim Abdo
Badawy is the sole proprietor of the business.
AFFILIATED COMPANIES
·
Badawy
For Trading & Engineering
7,
El Hosania
Mansoura
Tel: (20-50) 2218230
Fax: (20-50) 2217433
OPERATIONS
Activities: Engaged in the import and distribution of
agricultural machinery, pumps and diesel engines
and related spare parts.
Import
Countries:
International
Suppliers:
·
Super Jambo Badawy
·
DEC
·
Kirloskar
Diesel Engines Pvt Ltd
·
Lister
Peter
·
Deutz
Operating Trend: Steady
Subject has a
workforce of 12 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pound (£E)
Year
Ending 31/12/08: Year
Ending 31/12/09:
Total Sales £E 8,900,000 £E 9,500,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
BNP
Paribas Bank
Mansoura
Tel: (20-50) 2372903
Fax:
(20-50) 2372906
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
Date of
transaction November
2007
Credit amount 100,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.74 |
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1 |
Rs.72.73 |
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Euro |
1 |
Rs.62.73 |
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 |
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.