MIRA INFORM
REPORT
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Report Date : |
11.03.2011 |
IDENTIFICATION DETAILS
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Name : |
BETA TECHNICAL & TRADING BUREAU |
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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 : |
1985 |
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Com. Reg. No.: |
262060, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of chemicals for the paint and plastic
industries |
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$ 200,000 |
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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 : BETA TECHNICAL & TRADING BUREAU
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1985
Commercial Registration Number : 262060,
Tax Card Number : 100-478-093
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Total Workforce : 30
Activities : Distributors of chemicals for the paint and plastic industries.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
BETA TECHNICAL
& TRADING BUREAU
company ADDRESS
Registered & Physical Address
Street :
Area : Merghany,
PO Box : 9031
Town :
Country :
Telephone : (20-2) 24185219 / 24179496 / 22914372
Facsimile : (20-2) 22915736
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Cairo.
Branch Office (s)
Location Description
·
Ard El Golf
Tel: (20-2) 24178867 / 24181047
KEY PRINCIPALS
Name Position
·
Fahmy
Farouk El Husseiny Managing
Partner
·
Naglaa
Mohamed Ali Partner
·
Nabil
Hassan Finance Manager
·
Mohamed
Farouk Sales
Manager
·
Ahmed
El Gedawy Marketing
Manager
·
Mohamed
Rashid Import
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1985
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 262060,
Tax Card No. : 100-478-093
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Name of Shareholder
(s)
·
Fahmy
Farouk El Husseiny
·
Naglaa
Mohamed Ali
OPERATIONS
Activities: Engaged in the import and distribution of
chemicals for the paint and plastic industries.
Subject also distributes cables and bases for bridge construction.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 30 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 23,000,000 £E 25,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Al
Watany Bank of
PO Box: 750
Tel: (20-2) 33379363
Fax: (20-2) 33772959
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.11 |
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|
1 |
Rs.72.91 |
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Euro |
1 |
Rs.62.56 |
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.