MIRA INFORM REPORT

 

 

Report Date :           

04.04.2012

 

IDENTIFICATION DETAILS

 

Name :

AL BABTAIN POWER & TELECOMMUNICATION CO SAE

 

 

Registered Office :

11 El Shahid Mahmoud Hamdy Street, Sheraton, Heliopolis, Cairo 11799

 

 

Country :

Egypt

 

 

Year of Establishment :

1998

 

 

Com. Reg. No.:

1322, 6th of October City

 

 

Legal Form :

Egyptian Joint Stock Company

 

 

Line of Business :

Manufacture and export of lighting posts and power towers

 

 

No. of Employees :

120

 

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$ 700,000

 

 

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                                     : AL BABTAIN POWER & TELECOMMUNICATION CO SAE

Country of Origin                                    : Egypt

Legal Form                                            : Egyptian Joint Stock Company

Registration Date                                   : 1998

Commercial Registration Number            : 1322, 6th of October City

Issued Capital                                        : £E 13,000,000

Paid up Capital                                      : £E 13,000,000

Total Workforce                                     : 120

Activities                                               : Manufacture and export of lighting posts and power towers

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 700,000

 

COMPANY NAME

 

AL BABTAIN POWER & TELECOMMUNICATION CO SAE

 

 

company ADDRESS

 

Registered & Physical Address

Street               : 11 El Shahid Mahmoud Hamdy Street

Area                 : Sheraton, Heliopolis

Town                 : Cairo 11799

Country             : Egypt

Telephone         : (20-2) 22687314 / 22687318

Facsimile          : (20-2) 22687321

Mobile               : (20-10) 1100052

 

Premises

Subject operates from a large suite of offices that are rented and located in the Central Business Area of Cairo.

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       4th Industrial Zone, Plot 53B                                                              Factory premises

     6th of October City

     Tel: (20-2) 38343690

     Fax: (20-2) 38343681

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Mohamed Abdallah El Babtain                                                            Managing Director

 

·       Sherif Gamal                                                                         General Manager

 

·       Khaled El Babtain                                                                             Area Manager

 

·       Adel Zayed                                                                                       Finance Manager

 

·       Mohamed Allam                                                                                Sales Manager

 

·       Gamal Helmy                                                                                    Production Manager

 

·       Mohamed Dawoud                                                                             Technical Manager

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1998

 

Legal Form                  : Egyptian Joint Stock Company

 

Commercial Reg. No.  : 1322, 6th of October City

 

Issued Capital              : £E 13,000,000

 

Paid up Capital            : £E 13,000,000

 

Name of Shareholder (s)

 

·       Al Babtain Power & Telecommunication Co (ABPT)

     Al Babtain Building

     Sulay Street

     PO Box: 88373

     Riyadh 11662

     Saudi Arabia

     Tel: (966-1) 2411222 / 2413912

     Fax: (966-1) 2413395 / 2410228

     Email: babtain@al-babtain-himb.com

 

 

AFFILIATED COMPANIES

 

Subject is a member of the Al Babtain Group of Companies, which consists of the following concerns:

 

·       Abdul Latif Saud Al Babtain & Brothers

Al Babtain Building, 1st Floor

King Abdul Aziz Street

PO Box: 494

Al Khobar

Saudi Arabia

Tel: (966-3) 8647420

Fax: (966-3) 8984342

 

·       Al Babtain Polyurethane Co Ltd

Dammam Industrial Estate

PO Box: 494

Dammam

Saudi Arabia

Tel: (966-3) 8571754 / 8572736 / 8578241

Fax: (966-3) 8983432 / 8570887

 

·       Al Babtain Contracting Co

Al Sulay Area

PO Box: 42651

Riyadh 11551

Saudi Arabia

Tel: (966-1) 2411222

Fax: (966-1) 2413395

 

·       Al Babtain Plastic Barrels Co Ltd

PO Box: 494

Dammam

Saudi Arabia

Tel: (966-3) 8983432

 

·       Saudi Urethane Chemicals Company Ltd (SUCCO)

Jubail Industrial City

     PO Box: 10394

     Jubail 31961

     Saudi Arabia

     Tel: (966-3) 3587468 / 3587196

     Fax: (966-3) 3586844

 

·       Al Babtain Leblanc

Riyadh

Saudi Arabia

     Tel: (966-1) 2415330

     Fax: (966-1) 2415309

 

·       Al Babtain Trading Co

 

·       Babtain Insulation Co Ltd

 

·       Babtain and Khudair Land Transport Co Ltd (Ascot)

 

·       Al Dar Appliances Factory

 

 

OPERATIONS

 

Activities: Engaged in the manufacture of lighting posts and power towers.

 

                 Subject is ISO 9001 accredited.

 

Production Capacity: 25,000 tonnes per annum

 

Import Countries: United Kingdom, Sweden, India, the United States of America and Japan

 

Export Countries: Algeria, Morocco and the Middle East.

 

Subject has a workforce of approximately 120 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

 

·       National Bank of Egypt

24 Sherif Street

     Cairo

     Tel: (20-2) 33924175

     Fax: (20-2) 33924143

 

 

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.56

UK Pound

1

Rs.81.05

Euro

1

Rs.67.49

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.