MIRA INFORM
REPORT
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Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
EMBERATHOR EL OBOUR |
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|
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Registered Office : |
Plot No. 15, Block
No. 13037, Street No. 90, Bilbies Desert Road, 1st Industrial Zone, El Obour
City, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
16.02.2002 |
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Legal Form : |
General Partnership |
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Line of Business : |
Manufacturers of textiles and threads |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Egypt |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : EMBERATHOR EL OBOUR
Country of Origin : Egypt
Legal Form : General Partnership
Registration Date : 16th February 2002
Partners Capital : £E 1,000,000
Total Workforce : 65
Activities : Manufacturers of textiles and threads.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Ridwan Samakia, Managing Partner
COMPANY NAME
EMBERATHOR EL OBOUR
company ADDRESS
Registered & Physical Address
Location : Plot No. 15, Block No. 13037
Street : Street No. 90, Bilbies Desert
Road
Area : 1st Industrial
Zone, El Obour City
Town : Cairo
Country : Egypt
Telephone : (20-2) 46651880 / 46651881
Facsimile : (20-2) 46650322 / 22850007
Mobile : (20-12) 2109445 / (20-10)
1013440
Email : f.sammakia@alembrator.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Cairo.
KEY PRINCIPALS
Name Position
·
Ridwan Samakia Managing
Partner
·
Feras Ridwan Samakia Partner
·
Ahmed Ridwan Samakia Partner
·
Wassim Ridwan Samakia Partner
LEGAL FORM & OWNERS
Date of Establishment : 16th
February 2002
Legal Form :
General Partnership
Partners Capital : £E 1,000,000
Name of Partner (s)
·
Ridwan Samakia
·
Feras Ridwan Samakia
·
Ahmed Ridwan Samakia
·
Wassim Ridwan Samakia
AFFILIATED COMPANIES
·
Samakia Brothers (Emberathor)
Cairo
OPERATIONS
Activities: Engaged in the manufacture of textiles and
threads.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 65 employees.
FINANCIAL DATA
Financial highlights
provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales £E 12,375,000 £E 12,810,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Al
Watany Bank of Egypt
68 Omar Ben Al Khatab Street
Heliopolis
Cairo
Acc No. 0129400215000
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
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.44.46 |
|
UK Pound |
1 |
Rs.71.53 |
|
Euro |
1 |
Rs.64.63 |
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 |
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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 |
|
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 |
|
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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.