MIRA
INFORM REPORT
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Report Date : |
05.03.2011 |
IDENTIFICATION DETAILS
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Name : |
MANSOUR FOR TRADING & DISTRIBUTION |
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Registered Office : |
El Shatr El Khames Industrial Area, New Maadi |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1993 |
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Com. Reg. No.: |
10670, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import and distribution of food products and general consumer goods. |
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$ 1,300,000 |
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Status : |
Good |
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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 : MANSOUR FOR TRADING & DISTRIBUTION
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1993
Commercial Registration Number : 10670,
Issued Capital : £E 25,000,000
Paid up Capital : £E 25,000,000
Total Workforce : 300
Activities : Import and distribution of food products and general consumer goods.
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 1,300,000
COMPANY NAME
MANSOUR FOR TRADING & DISTRIBUTION
ADDRESS
Registered & Physical Address
Location : El Shatr El
Khames Industrial Area, New Maadi
PO Box : 97
Town :
Country :
Telephone : (20-2) 27548380
/ 27548375 / 27548382 / 2758393 / 27548384
Facsimile : (20-2)
27548385 / 25192515
Email : info@mansourgroup.com
Premises
Subject operates from a large suite of offices and a warehouse that are
rented and located in the Industrial Area of Cairo.
Branch Office (s)
Location Description
·
El Ras El Soda
Tel:
(20-3) 5051600
Fax:
(20-3) 5051609
KEY PRINCIPALS
Name Position
· Yousef Lotfy
Mansour Managing
Partner
· Mohamed Younis
Lotfy Mansour Partner
· Yassin Ibrahim
Lotfy Mansour Partner
· Mayada Ekram General
Manager
· Nabawi El Helaly Finance
Manager
· Nabil Bargash Sales
Manager
· Noura Abdulazim Marketing
Manager
· Ingi Atabani Business
Development Manager
LEGAL FORM & OWNERS
Date of
Establishment : 1993
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 10670,
Issued Capital : £E 25,000,000
Paid up Capital : £E 25,000,000
Name of Shareholder (s) Percentage
· Yousef Lotfy
Mansour 30.79%
· Mohamed Younis
Lotfy Mansour 30.79%
· Yassin Ibrahim
Lotfy Mansour 30.79%
· Continental
Holding for Investment Financial 7.63%
AFFILIATED COMPANIES
Subject is a member of the Mansour Group of
Companies, which comprises the following concerns:
· Metro Market
Trading & Distribution
· Hayat for
Industrialization & Development
·
· Al Mansour
Technologies & Electronics
· Mansour
Manufacturing Company (Free Zone)
· Al Mansour Leasing
Company
· Al Mansour
International Distribution Company
OPERATIONS
Activities: Engaged in the import and distribution of quality branded consumer
goods, specialising in foodstuff and tobacco.
Subject supplies a network of 21,000 retailers; 200 Supermarkets and 1,500
Wholesalers.
In 1998, the company established a catering division focusing on Hotels,
Restaurants, Coffee shops as well as the Governmental Institution (around 350
outlets nationwide).
The company also operates a factory processing seafood and general
foodstuff products.
Import Countries:
International Suppliers:
· KEF
· Kraft Jacob
Suchard
·
Brand Names: SUNSHINE, TANG, ALHANA & MARLBORO
Operating Trend: Steady
Subject has a workforce of approximately 300 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
258,350,000 £E
262,000,000
Local sources consider subject’s financial condition to be Good.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Commercial International Bank (CIB)
Tel: (20-3) 4824643 / 4834255
Fax: (20-3) 4832240
·
Misr International Bank (MIBANK)
33,
Raml Station
Tel: (20-3)
4828174 / 4828213
Fax: (20-3) 4838216
·
American Express Bank
PO Box: 803
Tel: (20-3)
4950912
Fax: (20-3)
4950917
·
Citibank
95, 26th July Street
Azarita
Tel: (20-3) 4834363 / 4840342
Fax: (20-3) 4884363
·
Mashreq Bank
Azarita
Tel: (20-3) 4956850
Fax: (20-3) 4912900
·
BNP Paribas
Tel:
(20-3) 5859299
Fax:
(20-3) 5859270
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
Date of
transaction May
2008
Credit amount 50,000
Amount overdue 0
Payment terms 30
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency Euros
GENERAL COMMENTS
Mansour For Trading & Distribution is engaged in the import and
distribution of food products and general consumer goods.
The company is run in a professional manner and is a member of the Mansour
Group, which is a leading group in the region with diversified interests
throughout
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.