MIRA INFORM
REPORT
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Report Date : |
09.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ROTO PACK MISR COMPANY FOR PRINTING PACKAGING
MATERIAL SAE |
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Registered Office : |
Industrial
Zone A2, 8A/4A 18/4B, El-Madina Street, Cairo / Ismailia Desert Road, Sharkeya, P O Box 434, Tenth of Ramadan City |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1994 |
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Com. Reg. No.: |
52385 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacturers of polypropylene and polyethylene flexible films |
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$ 400,000 |
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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
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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 : ROTO PACK MISR COMPANY FOR PRINTING PACKAGING MATERIAL SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 1994
Commercial Registration Number : 52385
Tax Card Number : 100-258-301
Issued Capital : £E 27,000,000
Paid up Capital : £E 27,000,000
Total Workforce : 160
Activities : Manufacturers of polypropylene and polyethylene flexible films.
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 400,000
COMPANY NAME
ROTO PACK MISR COMPANY FOR PRINTING
PACKAGING MATERIAL SAE
company ADDRESS
Registered & Physical Address
Building : Industrial
Zone A2, 8A/4A 18/4B
Street :
Area : Sharkeya
PO Box : 434
Town : Tenth of Ramadan City
Country :
Telephone : (20-15) 413099 / 413110 / 413170
Facsimile : (20-15) 413108
Email : rotopack@link.net
Premises
Subject operates from
a large suite of offices and a factory that are rented and located in the
Industrial Area of Tenth of Ramadan City.
Branch Office (s)
Location Description
·
4th
Industrial Zone, Plot No. 78 Factory
premises
6th of October City
Tel: (20-2) 38334996
Fax: (20-2) 38331228
KEY PRINCIPALS
Name Position
·
Mohamed
El Hady Zaghal Chairman
·
Selim
Mohamed El Hady Zaghal Vice
Chairman
·
Mohamed
Abd El-Salam El Bakary Managing
Director
·
Hany
Jean Tanous Director
·
Fawzy Elias
Farag Director
·
Ayad El
Dogy Director
·
Amr
Nabil Shetta Director
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Gian
Paolo Massimo General
Manager
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Abd El Fattah Abd El Aziz Finance
Manager
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Farag
Abd El Naby Accountant
Manager
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Shaaban
El Sayed Production
Manager
·
Yaccoub
Fayez Engineering
Manager
·
Mohamed
Ibrahim Technical
Manager
·
Mahmoud
Attwa Human
Resources Manager
LEGAL FORM & OWNERS
Date of Establishment : 1994
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 52385
Tax Card No. :
100-258-301
Issued Capital : £E 27,000,000
Paid up Capital : £E 27,000,000
Name of Shareholder
(s) Percentage
·
Porta Egypt for Packaging Materials 99.59%
Cairo
·
Local businessmen and private investors 0.35%
·
Altea
Packaging 0.06%
Tunisia
OPERATIONS
Activities: Engaged in the manufacture of polypropylene
and polyethylene flexible films.
Production
Capacity : 450 tonnes per month
Import
Countries: Italy, Germany, France,
Brazil, India and the United Arab Emirates.
Export
Countries: Poland, Libya
and Morocco.
Operating Trend: Steady
Subject has a
workforce of 160 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 100,220,600 £E 110,008,811
Local sources
consider subject’s financial condition to be Good.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Export
Development Bank of
1st District
Centre, Group D
Sharkeya
Tenth of
Tel: (20-15) 367203
Fax: (20-15) 362638 / 362639
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.61 |
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UK Pound |
1 |
Rs.73.28 |
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Euro |
1 |
Rs.65.47 |
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.