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Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AHMED RASHAD
FOTOH & PARTNER |
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Formerly Known As : |
AL TABARK CO |
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Registered Office : |
Automatics |
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Country : |
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Date of Incorporation : |
01.01.2004 |
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Com. Reg. No.: |
13825 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of
textiles |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
US$ 20,000 |
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Status : |
Moderate |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Egypt |
A2 |
A2 |
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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 |
Company Name : AHMED RASHAD FOTOH & PARTNER
Also Known As : AL
TABARK CO
Country of Origin : Egypt
Legal Form :
Limited Liability Partnership
Registration Date : 1st
January 2004
Commercial
Registration Number : 13825
Issued Capital : £E
100,000
Paid up Capital : £E
100,000
Total Workforce : 5
Activities :
Distributors of textiles
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit
Limit : US$ 20,000
AHMED RASHAD FOTOH
& PARTNER
ALSO
KNOWN AS: AL
TABARK CO
Location : Automatics Oven Street
Town : Kaliubeya
Country : Egypt
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Kaliubeya.
Name Position
·
Ahmed
Rashad Fotoh Managing
Partner
Date of Establishment : 1st
January 2004
Legal Form :
Limited Liability Partnership
Commercial Reg. No. : 13825
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
·
Ahmed
Rashad Fotoh
·
Members
of Mr Ahmed Rashad Fotoh’s family
Activities: Engaged in the import and distribution of textiles.
Subject has a
workforce of 5 employees.
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.
·
Banque
Audi SAE
Obour City
Kaliubeya
Tel: (20-2) 46104323
No complaints
regarding subject’s payments have been reported.
Please note that we
were unable to contact the subject directly during our investigation.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.15 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.68.34 |
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 |
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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 |
|
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 |
-- |
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.