MIRA INFORM
REPORT
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Report Date : |
28.07.2011 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL CO FOR PRESS SUPPLIES |
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Registered Office : |
73 El Horreya Road, Eastern Gate, Alexandria |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1997 |
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Com. Reg. No.: |
145605, Alexandria |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacture of printing inks |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Egypt |
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 |
Bottom of Form
SUMMARY
Company Name : INTERNATIONAL CO FOR PRESS SUPPLIES
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1997
Commercial Registration Number : 145605, Alexandria
Issued Capital : £E 4,718,000
Paid up Capital : £E 4,718,000
Total Workforce : 52
Activities : Manufacture of printing inks.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
INTERNATIONAL CO
FOR PRESS SUPPLIES
company ADDRESS
Registered
& Physical Address
Location : 73 El Horreya Road, Eastern Gate
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4955711 / 4944586
Facsimile : (20-3) 4941766
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Alexandria.
Branch Office (s)
Location Description
·
3rd
Industrial Zone, Block 16, Plot 8 Owned
factory premises
Borg El Arab El Gedida
Alexandria
Tel: (20-3) 4592423 /
4590930
Fax: (20-3) 4590931
KEY PRINCIPALS
Name Position
·
Mohamed Adel Abd El Rahman Ghoneim Managing
Partner
·
Amr
Mohamed Adel Abd El Rahman Ghoneim Partner
·
Aza
Mohamed Adel Abd El Rahman Ghoneim Partner
·
Wafaa
Abd El Salam Partner
·
Ahmed Ramy Finance
Manager
·
Sayed El Hammamsy Sales
Manager
·
Ahmed Abu Salama Administration
Manager
·
Amany Tharwat Purchasing
Manager
·
Tarek Abu Zahra Maintenance
Manager
·
Dr
Mahmoud El Shenawy Production
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1997
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 145605, Alexandria
Issued Capital : £E 4,718,000
Paid up Capital : £E 4,718,000
Name of Shareholder
(s) Percentage
·
Mohamed Adel Abd El Rahman Ghoneim 51%
·
Amr
Mohamed Adel Abd El Rahman Ghoneim 25%
·
Aza
Mohamed Adel Abd El Rahman Ghoneim 15%
·
Wafaa
Abd El Salam 9%
OPERATIONS
Activities: Engaged in the manufacture of printing inks
as well as the distribution of press supplies such as chemicals and dyes.
Production
Capacity: 70 tons per year
Import
Countries: Germany, Italy,
Finland, Greece and India.
International
Suppliers:
·
Sapici SpA Italy
Brand Names: ATC
Operating Trend: Steady
Subject has a
workforce of 52 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 12,000,000 £E 13,500,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Al
Watany Bank of Egypt
601 Horreya Road
Alexandria
Tel: (20-3) 5745621
Fax: (20-3) 5703282
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
The above credit
figure is higher than transactions previously seen and a measure of caution
would be prudent.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.95 |
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UK Pound |
1 |
Rs.72.12 |
|
Euro |
1 |
Rs.63.67 |
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.