MIRA INFORM
REPORT
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Report Date : |
01.03.2011 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL FOREIGN TRADING CO |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1981 |
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Com. Reg. No.: |
1311444, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of motor vehicles, heavy equipment and printing 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$ 600,000 |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 : INTERNATIONAL FOREIGN TRADING CO
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1981
Commercial Registration Number : 1311444,
Issued Capital : US$ 3,000,000
Paid up Capital : US$ 3,000,000
Total Workforce : 400
Activities : Distributors of motor vehicles, heavy equipment and printing machinery.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 600,000
COMPANY NAME
INTERNATIONAL FOREIGN TRADING CO
company ADDRESS
Registered & Physical Address
Location :
Town :
Country :
Telephone : (20-3) 4843264 / 4843265 / 4855859 /
4855853
Facsimile : (20-3) 4843264 / 4846831
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Alexandria.
Branch Office (s)
Location Description
·
·
Tel: (20-2) 23921175
Fax: (20-2) 23937191
·
El
Kanal El Mahmoudya Office
premises
Smouha
Tel: (20-3) 3877897
Fax: (20-3) 3830293
·
El Gharbeya
Tel: (20-40) 310885
Fax: (20-40) 310885
KEY PRINCIPALS
Name Position
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Mohamed
Abd El Fattah Ragab Managing
Partner
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Abd El
Fattah Mohamed Abd El Fattah Ragab Partner
·
Alaa El
Din Ragab Partner
·
Mahmoud
Amrawy Finance
Manager
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Abd El
Razik Morsy Sales
Manager
·
Mohamed
Bakry Export
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1981
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 1311444,
Issued Capital : US$ 3,000,000
Paid up Capital : US$ 3,000,000
Name of Shareholder
(s) Percentage
·
Mohamed
Abd El Fattah Ragab 33.34%
·
Abd El
Fattah Mohamed Abd El Fattah Ragab 33.33%
·
Alaa El
Din Ragab 33.33%
AFFILIATED COMPANIES
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Ragab
Export & Import
PO Box: 736
Tel : (20-3) 4841099 / 4843265
Fax : (20-3) 4846831 / 4843264
OPERATIONS
Activities: Engaged in the import and distribution of
motor vehicles, heavy equipment and printing machinery.
Import
Countries:
Agencies Held:
·
Komatsu
·
Sonal
Operating Trend: Steady
Subject has a
workforce of approximately 400 employees.
FINANCIAL DATA
Financial highlights
provided by local sources are given below:
Currency:
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales US$ 4,600,000 US$ 5,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
National
Bank of
Tel: (20-3) 4824802 / 4825715
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Commercial
International Bank (CIB)
Tel: (20-3) 4824643 / 4834255
Fax: (20-3) 4832240
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National
Bank of
Tel: (20-2) 33609724
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
Date of
transaction September
2004
Credit amount 100,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency
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.45.18 |
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1 |
Rs.72.79 |
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Euro |
1 |
Rs.62.15 |
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 |
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.