MIRA
INFORM REPORT
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Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
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Name : |
FRESENIUS MEDICAL CARE AG |
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Registered Office : |
4B, Industrial Zone, Plot No.145, Sharkeya 10th of |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2002 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacture of medical requisites specialising in kidney dialysis solutions |
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$ 250,000 |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
SUMMARY
Company Name : FRESENIUS MEDICAL CARE AG
Country of Origin :
Legal Form : Egyptian Joint Stock Company
Registration Date : 2002
Issued Capital : £E 3,500,000
Paid up Capital : £E 875,000
Total Workforce : 80
Activities : Manufacture of medical requisites specialising in kidney dialysis solutions
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 250,000
COMPANY NAME
FRESENIUS MEDICAL CARE AG
ADDRESS
Registered & Physical Address
Location : 4B,
Industrial Zone, Plot No.145, Sharkeya
Town : 10th of
Country :
Telephone : (20-15) 350850
Facsimile : (20-15) 350850
Premises
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Industrial Area of the 10th of
Branch Office (s)
Location Description
· 19 Ebad El Rahman
Mosque Street Rented
office premises
Masaken
Sheraton,
Tel:
(20-2) 22687713 / 22687712
Fax: (20-2) 22687714
KEY PRINCIPALS
Name Position
· Mohamed Omar Sayed
Hassan Shaker Managing
Director
· Nasser Abd El Maguid Fadda Finance
Manager
· Manar Moustafa Production
Manager
· Adel Khalaf Factory
Manager
· Ismail El Hamalawy Administration
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 2002
Legal Form : Egyptian Joint
Stock Company
Issued Capital : £E 3,500,000
Paid up Capital : £E 875,000
Name of Shareholder (s) Percentage
· Fresenius Medical Care AG 50%
· Egyptian Group for
Medical Industries 30%
Sharkeya
10th of
Tel: (20-15)
411166
· Egyptian Group Co
For Import And Export 20%
Masaken
Sheraton,
Tel:
(20-2) 22687712 / 22687713
Fax:
(20-2) 22687714
OPERATIONS
Activities: Engaged in the manufacture of medical requisites specialising in kidney
dialysis solutions.
Import Countries:
Export Countries:
Operating Trend: Steady
Subject has a workforce of 80 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
14,000,000 £E
17,500,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Arab African International Bank
Tel: (20-2)
24188054
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 and
the above credit figure is within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.99 |
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|
1 |
Rs.73.24 |
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Euro |
1 |
Rs.62.80 |
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.