MIRA INFORM
REPORT
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Report Date : |
25.05.2011 |
IDENTIFICATION DETAILS
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Name : |
ENKANA PRINTING INKS SAE |
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Registered Office : |
147 B Ramsis Street,
4th Industrial Zone, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2000 |
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Com. Reg. No.: |
4706 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacture of inks and printing inks |
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$ 175,000 |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Egypt |
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 |
Bottom of Form
SUMMARY
Company Name : ENKANA PRINTING INKS SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 2000
Commercial Registration Number : 4706
Tax Card Number : 205-168-493
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 18
Activities : Manufacture of inks and printing inks.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 175,000
COMPANY NAME
ENKANA PRINTING
INKS SAE
company ADDRESS
Registered & Physical Address
Street : 147 B Ramsis Street
Area : 4th Industrial Zone
Town : Cairo
Country : Egypt
Telephone : (20-2) 25908437 / 25904504 / 38324833
Facsimile : (20-2) 25908437 / 25904504
Mobile : (20-12) 2164159
Email : takla@internetegypt.com
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Cairo.
KEY PRINCIPALS
Name Position
·
Emad Takla Managing
Director
·
Nehal
Grace Director
·
Nawal
Fayek Director
·
Ishak Youssef Finance
Manager
·
Moustafa
Mansour Technical
Manager
·
Hana Mourad Office
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2000
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 4706
Tax Card No. : 205-168-493
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Name of Shareholder
(s) Percentage
·
Emad Takla 50.00%
·
Nader
Takla 18.75%
·
Karim
Takla 18.75%
·
Nehal
Grace 6.25%
·
Nawal
Fayek 6.25%
OPERATIONS
Activities: Engaged in the manufacture of inks and
printing inks.
Import
Countries: India, Spain, Italy,
Belgium and Germany.
Export
Countries: Tunisia,
Morocco, Turkey, Spain and the United Arab Emirates
Brand Names: CHIMIGRAF, CROMOGENIA and SKYPERPSE
Operating Trend: Steady
Subject has a
workforce of 18 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 4,479,348 £E 6,674,212
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Commercial
International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box: 2430
Cairo
Tel: (20-2) 25703043
Fax: (20-2) 25703172 / 25072691
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
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 |
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US Dollar |
1 |
Rs.45.25 |
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UK Pound |
1 |
Rs.72.82 |
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Euro |
1 |
Rs.63.58 |
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.