MIRA INFORM
REPORT
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Report Date : |
08.06.2011 |
IDENTIFICATION DETAILS
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Name : |
EL AZIZ IMPORT & EXPORT |
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Registered Office : |
El Nokwkshi Street, Hossenia, Mansoura |
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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.: |
80900 |
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Legal Form : |
General Partnership |
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Line of Business : |
Distributors of agricultural equipment and machinery |
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 : EL AZIZ IMPORT & EXPORT
Country of Origin : Egypt
Legal Form : General Partnership
Registration Date : 1997
Commercial Registration Number : 80900
Partners Capital : £E 30,000
Total Workforce : 11
Activities : Distributors of agricultural equipment and machinery.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
EL AZIZ IMPORT
& EXPORT
company ADDRESS
Registered & Physical Address
Street : El Nokwkshi Street
Area : Hossenia
Town : Mansoura
Country : Egypt
Telephone : (20-50) 2210309
Facsimile : (20-50) 2523603
Mobile : (20-10) 5777433
Email : ashrafaziz_29@yahoo.com
/ ashrafaziz_555@hotmail.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Mansoura.
Branch
Offices
Location Description
·
32 Gammat El Duwal El Arabiya Street Sales
Office
Sour El Mehta
Mansoura
Tel: (20-50)
2245179
KEY PRINCIPALS
Name Position
·
Ashraf
Aziz Saad Saleeb Managing
Partner
·
George
Aziz Saad Saleeb Partner
LEGAL FORM & OWNERS
Date of Establishment : 1997
Legal Form :
General Partnership
Commercial Reg. No. : 80900
Partners Capital : £E 30,000
Name of Partner (s)
·
Ashraf
Aziz Saad Saleeb
·
George
Aziz Saad Saleeb
OPERATIONS
Activities: Engaged in the import and distribution of
agricultural equipment and machinery.
Import
Countries: India and East
Asia.
International
Suppliers:
·
Economic
Traders Gujarat Private Ltd India
·
Alfa India
·
Styra India
Operating Trend: Steady
Subject has a
workforce of 11 employees.
INANCIAL 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 1,300,000 £E 1,550,000
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
PO Box: 750
Cairo
Tel: (20-2) 33379363
Fax: (20-2) 33772959
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.74 |
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UK Pound |
1 |
Rs.73.25 |
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Euro |
1 |
Rs.65.48 |
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.