MIRA INFORM
REPORT
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Report Date : |
15.06.2011 |
IDENTIFICATION DETAILS
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Name : |
EMBERATHOR EL OBOUR |
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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 |
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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 : 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
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
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.44.77 |
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UK Pound |
1 |
Rs.73.45 |
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Euro |
1 |
Rs.64.55 |
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.