MIRA INFORM
REPORT
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Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
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Name : |
EL AMERYA CO FOR INTERNATIONAL TRADING |
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Registered Office : |
27 Talaat Harb
Street, El Raml, Amerya Free Zone, Attrain, Alexandria |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1997 |
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Com. Reg. No.: |
4006 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import, storage
and distribution of paints and
related raw materials |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 100,000 |
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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) |
|
Egypt |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 : EL AMERYA CO FOR INTERNATIONAL TRADING
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1997
Commercial Registration Number : 4006
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Total Workforce : 12
Activities : Import, storage and distribution of paints and related raw materials
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 100,000
COMPANY NAME
EL AMERYA CO FOR
INTERNATIONAL TRADING
compANY ADDRESS
Registered & Physical Address
Street : 27 Talaat Harb Street
Area : El Raml, Amerya Free Zone,
Attrain
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4868935 / 4868936 / 4701140
Facsimile : (20-3) 4868925
Email : elamerya_i_t@link.net
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Suburban Business Area of Alexandria.
KEY PRINCIPALS
Name Position
·
Dalia
Abdul Moniem Khalifa Managing
Partner
·
Dr
Abdul Moniem Khalifa Partner
·
Mohamed
Monsy General
Manager
·
Amira
Mansour Administration
Executive
LEGAL FORM & OWNERS
Date of Establishment : 1997
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 4006
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Name of Shareholder
(s)
·
Dalia
Abdul Moniem Khalifa
·
Dr
Abdul Moniem Khalifa
AFFILIATED COMPANIES
·
KBK For
Ink
Alexandria
·
Protall
For Paints
Alexandria
OPERATIONS
Activities: Engaged in the import, storage and
distribution of paints and related raw materials.
Import
Countries: Europe and the
Far East
Operating Trend: Steady
Subject has a
workforce of 12 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 8,500,000 £E 9,100,000
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 Abu Dhabi
28 Salah Salem Street
Alexandria
Tel: (20-3) 4829175
Fax: (20-3) 4847114
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
Date of
transaction September
2006
Credit amount 100,000
Amount overdue 0
Payment terms 60
days
Payment Method Letters
of Credit
Paying record No
Complaints
Currency US
Dollars
GENERAL COMMENTS
Established in
1997, subject is involved in the import, storage and distribution of paints and
related raw materials.
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 business is
considered to be a fair trade risk and the above credit figure is deemed to be
within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
|
1 |
Rs.73.89 |
|
Euro |
1 |
Rs.65.57 |
RATING EXPLANATIONS
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
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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.