MIRA INFORM REPORT
|
Report Date : |
18.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
EL EMPRATOR CO |
|
|
|
|
Registered Office : |
Damroo Street, Mahalet
El Borg, Mehalla El Kubra |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
15.05.2004 |
|
|
|
|
Com. Reg. No.: |
28582, El Mehalla El Kubra |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Distributors of textiles and yarn |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 150,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Egypt |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUMMARY
Company Name : EL EMPRATOR CO
Also Known As : EL EMPRATOR CO TEXTILE IMPORT AND EXPORT
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 15th May 2004
Commercial Registration Number : 28582, El Mehalla El Kubra
Tax Card Number : 592-291-324
Issued Capital : £E 3,000,000
Paid up Capital : £E 3,000,000
Total Workforce : 40
Activities : Distributors of textiles and yarn.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
EL EMPRATOR CO
ALSO KNOWN AS
EL EMPRATOR CO TEXTILE IMPORT AND EXPORT
company ADDRESS
Registered &
Physical Address
Street : Damroo Street
Area : Mahalet El Borg
Town : Mehalla El Kubra
Country : Egypt
Telephone : (20-40) 2363093 / 2361560
Facsimile : (20-40) 2363065
Mobile : (20-100) 009700306 / 00029992
Email : elemprator_co@yahoo.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Suburban Business Area of Mehalla El Kubra.
KEY PRINCIPALS
Name Position
·
Hassan
Abdul Aal Hassan Abdul Aal Managing
Partner
·
Nasr
Abdul Aal Hassan Abdul Aal Partner
·
Hani
Abdul Aal Hassan Abdul Aal Partner
·
Ibrahim
Fadel Financial
Controller
LEGAL FORM & OWNERS
Date of Establishment : 15th
May 2004
Legal Form :
Limited Liability Partnership
Commercial Reg. No. : 28582,
Mehalla El Kubra
Tax Card No. : 592-291-324
Issued Capital : £E 3,000,000
Paid up Capital : £E 3,000,000
Name of
Shareholder (s)
·
Hassan
Abdul Aal Hassan Abdul Aal
·
Nasr
Abdul Aal Hassan Abdul Aal
·
Hani Abdul
Aal Hassan Abdul Aal
OPERATIONS
Activities: Engaged in the import and distribution of
textiles and yarn.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 40 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 11,420,000 £E 12,210,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
BNP
Paribas
Shokry El Qawatly Street
Mehalla El Kubra
Tel: (20-40) 2246408
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.48.89 |
|
UK Pound |
1 |
Rs.77.31 |
|
Euro |
1 |
Rs.67.79 |
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 |
|
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 |
|
---- |
NB |
New Business |
---- |
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.