MIRA INFORM
REPORT
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Report Date : |
28.06.2011 |
IDENTIFICATION DETAILS
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Name : |
HASSAN EL SAYED MAHMOUD |
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Registered Office : |
6 October Street,Nabrawa,
Mansoura |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.01.2007 |
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Com. Reg. No.: |
71112, Mansoura |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of ceramics, marble, granite, sanitary ware products and related fittings |
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$ 100,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 : HASSAN EL SAYED MAHMOUD
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 1st January 2007
Commercial Registration Number : 71112, Mansoura
Invested Capital : £E 50,000
Total Workforce : 5
Activities : Distributors of ceramics, marble, granite, sanitary ware products and
` related fittings.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 100,000
Person Interviewed : Hazem Hassan El Sayed Mahmoud Ramadan, Assistant General Manager
COMPANY NAME
HASSAN EL SAYED
MAHMOUD
company ADDRESS
Registered & Physical Address
Street : 6 October Street
Area : Nabrawa
Town : Mansoura
Country : Egypt
Telephone : (20-50) 2251269
Facsimile : (20-50) 2251269
Mobile : (20-12) 2669208 / 7708988 /
(20-10) 1094753
Premises
Subject operates
from a small suite of offices, a showroom and a warehouse that are rented and
located in the Central Business Area of Mansoura.
KEY PRINCIPALS
Name Position
·
Hassan
El Sayed Mahmoud Ramadan Proprietor
& General Manager
·
Hazem Hassan El Sayed Mahmoud Ramadan Assistant General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1st
January 2007
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 71112,
Mansoura
Invested Capital
: £E 50,000
Mr Hassan El Sayed Mahmoud Ramadan is the sole proprietor of the business.
OPERATIONS
Activities: Engaged in the import and distribution of
ceramics, marble, granite, sanitary ware products and related fittings.
Import
Countries: Europe and the
Far East.
International
Suppliers:
·
Raj & Company
15-16 Galaxy Commercial Center, First Floor,
Jawahar Road
Rajkot - 360 001 (Gujarat)
India
Tel: (91-281) 2224484 / 2238318
Subject has a
workforce of 5 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pound (£E)
Year Ending 31/12/09: Year Ending 31/12/10:
Total Sales £E 6,375,000 £E 6,900,000
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
3 El Falafi Street
Mansoura
Tel:
(20-50) 2239208
Fax:
(20-50) 2239215
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 business 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.45.10 |
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UK Pound |
1 |
Rs.71.88 |
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Euro |
1 |
Rs.63.75 |
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.