MIRA INFORM REPORT
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Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
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Name : |
MEDIZEN PHARMACEUTICAL INDUSTRIES |
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Registered Office : |
New Borg El Arab City,
4th Industrial Zone, Block 2, Alexandria |
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Country : |
Egypt |
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Year of Establishment |
2004 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Manufacture and distribution of pharmaceuticals, veterinary products and cosmetics |
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$ 250,000 |
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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
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
SUMMARY
Company Name : MEDIZEN PHARMACEUTICAL INDUSTRIES
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 2004
Tax Card Number : 210-069-198
Issued Capital : £E 60,000,000
Paid up Capital : £E 60,000,000
Total Workforce : 150
Activities :
Manufacture and distribution of pharmaceuticals,
veterinary products
and cosmetics.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 250,000
COMPANY NAME
MEDIZEN PHARMACEUTICAL
INDUSTRIES
company ADDRESS
Registered &
Physical Address
Location : New Borg El Arab City, 4th
Industrial Zone, Block 2
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4597512 / 4598131
Facsimile : (20-3) 5540449
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of Alexandria.
KEY PRINCIPALS
Name Position
·
Salah Abd El Khalek Managing
Partner
·
Dr Abdallah Omar General
Manager
·
Hesham Tantawy Accounting
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2004
Legal Form :
Limited Liability
Partnership
Tax Card No. : 210-069-198
Issued Capital : £E 60,000,000
Paid up Capital : £E 60,000,000
Name of Partners
·
Salah Abd El Khalek
·
Members
of Mr Khalek’s family
OPERATIONS
Activities: Engaged in the
manufacture and distribution of pharmaceuticals, veterinary products and
cosmetics.
Import
Countries: Spain, Italy and
India
Subject has a workforce
of approximately 150 employees.
FINANCIAL DATA
Companies
registered in Egypt are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
BANKERS
·
Arab
African Bank
5 El Saraya El Kobira Square
PO Box: 60, Magles El Shaab
Cairo
Tel: (20-2) 35345094
Fax:
(20-2) 33558493
·
Union
National Bank
7 Adib Street
Alexandria
Tel: (20-3) 4878284
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.22 |
|
UK Pound |
1 |
Rs.75.63 |
|
Euro |
1 |
Rs.65.65 |
RATING EXPLANATIONS
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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 |
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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 |
|
<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.