MIRA INFORM
REPORT
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Report Date : |
10.03.2011 |
IDENTIFICATION DETAILS
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Name : |
SAHARA PRINTING COMPANY SAE |
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Registered Office : |
Free
Zone, Street No. 9, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1995 |
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Com. Reg. No.: |
289091, |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Printing and export of school books, magazines,
brochures, catalogues, calendars, cards and corporate products |
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$ 300,000 |
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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
|
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 : SAHARA PRINTING COMPANY SAE
Country of Origin :
Legal Form : Egyptian Joint Stock Company
Registration Date : 1995
Commercial Registration Number : 289091,
Tax Card Number : 204-936-926
Issued Capital : £E 11,540,000
Paid up Capital : £E 11,540,000
Total Workforce : 230
Activities :
Printing and export of school books, magazines,
brochures, catalogues,
calendars, cards and corporate products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 300,000
COMPANY NAME
SAHARA PRINTING
COMPANY SAE
company ADDRESS
Registered & Physical Address
Location : Free
Zone, Street No. 9
Area :
Town :
Country :
Telephone : (20-2) 22749811
/ 22744056 / 22740671
/ 22743246
Facsimile : (20-2) 22741907
Email : info@saharaprinting.com / sami.saad@saharaprinting.com
Premises
Subject operates
from a suite of offices, a printing press and warehousing covering an area of
10,000 square metres that are owned and located in the Industrial Area of
Cairo.
KEY PRINCIPALS
Name Position
·
Nadim Edward Elias Managing
Director
·
Dr Adel Boutros Director
·
Sami Albert Thabet Director
·
Dr Taha
Khaled Director
·
Ossama Halim Accounts
Manager
·
Mohamed Shahbour Public
Relations Manager
·
Safwat
Moawad Finance
Manager
·
Dahlia
Sobhy Marketing
Manager
·
Mary Wazir Office
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1995
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 289091,
Tax Card No. :
204-936-926
Issued Capital : £E 11,540,000
Paid up Capital : £E 11,540,000
Name of Shareholder
(s)
·
Nadim Edward Elias
·
Dr Adel Boutros
·
Sami Albert Thabet
·
Local
businessmen and private investors
OPERATIONS
Activities: Engaged in the printing
and export of school books, magazines, brochures, catalogues, calendars,
cards and corporate products.
Import
Countries:
Export
Countries: The company exports more than 50
percent of its production, with primary markets including the
Operating Trend: Steady
Subject has a
workforce of approximately 230 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$ 8,703,000 US$ 10,811,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Banque
du Caire SAE
22 Adly Street
PO Box: 1495
Tel: (20-2) 33904554
Fax: (20-2) 33908992
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 company is deemed a fair trade risk and
the above credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.02 |
|
|
1 |
Rs.72.70 |
|
Euro |
1 |
Rs.62.54 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
<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.