MIRA INFORM
REPORT
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Report Date : |
31.05.2011 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL FACTORY FOR PAPER INDUSTRY |
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Registered Office : |
115 Thawra
Street, Heliopolis, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1945 |
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Com. Reg. No.: |
13197, Cairo |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacturers of carbonless paper, coated and uncoated paper, adhesive paper, computer forms, paper sheets and reels |
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 – 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 : INTERNATIONAL FACTORY FOR PAPER INDUSTRY
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Start Date : 1945
Registration Date : 1995
Commercial Registration Number : 13197, Cairo
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 110
Activities : Manufacturers of carbonless paper, coated and uncoated paper,
adhesive paper, computer forms, paper sheets and reels.
Financial Condition : Fair
Payments : Steady
Recommended Credit Limit : US$ 200,000
Person Interviewed : Amr Kamal Fatahallah Khedr, Managing Partner
COMPANY NAME
INTERNATIONAL
FACTORY FOR PAPER INDUSTRY
company ADDRESS
Registered & Physical Address
Street : 115 Thawra Street
Area : Heliopolis
Town : Cairo
Country : Egypt
Telephone : (20-2) 26909670 / 26909671 / 26909672
/ 26909673
Facsimile : (20-2) 26909674
Mobile : (20-10) 1133100
Email : kfk@khedrsons.com
Premises
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office (s)
Location Description
·
Industrial Zone A3, Plot No. 12/41 Factory
premises covering 15,000 m2
10th of
Ramadan City
Tel: (20-10) 609990
KEY PRINCIPALS
Name Position
·
Amr
Kamal Fatahallah Khedr Managing
Partner
·
Tamer Kamal
Fatahallah Khedr Partner
·
Kamal
Amr Kamal F Khedr General
Manager
·
Fatin
Wahid Administration
Executive
LEGAL FORM & OWNERS
Date of Establishment : Subject’s
operations date back to 1945, however it was registered in 1995
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 13197, Cairo
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Name of Shareholder
(s)
·
Amr
Kamal Fatahallah Khedr
·
Tamer Kamal
Fatahallah Khedr
OPERATIONS
Activities: Engaged in the manufacture of carbonless
paper, coated and uncoated paper, adhesive paper, computer forms, paper
sheets and reels.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 110 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 22,100,000 £E 23,700,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Blom
Bank
El Akkad
Mall
El Nasr
Street
Cairo
Tel: (20-2) 26906801
Fax: (20-2) 26906805
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.10 |
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UK Pound |
1 |
Rs.74.27 |
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Euro |
1 |
Rs.64.35 |
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.