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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
EGYPTIAN
INTERNATIONAL MEDICAL CENTRE SAE (EIMC) |
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Registered Office : |
Pharma Plaza
Buildings, 4B Takseem Assmaa Fahmy Street, Ard El Golf, Nasr City, 8092 Cairo |
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Country : |
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Date of Incorporation : |
1991 |
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Com. Reg. No.: |
268036, Cairo |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Distributors of
pharmaceutical preparations |
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No. of Employees : |
450 |
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$ 750,000 |
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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 – 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 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : EGYPTIAN INTERNATIONAL MEDICAL
CENTRE SAE (EIMC)
Country of Origin : Egypt
Legal Form :
Egyptian Joint Stock Company
Registration Date : 1991
Commercial
Registration Number : 268036,
Cairo
Tax Card Number : 200-179-462
Issued Capital : £E
12,000,000
Paid up Capital : £E
12,000,000
Total Workforce : 450
Activities :
Distributors of pharmaceutical preparations.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit
Limit : US$ 750,000
EGYPTIAN
INTERNATIONAL MEDICAL CENTRE SAE (EIMC)
Building : Pharma Plaza Buildings
Street : 4B Takseem Assmaa Fahmy Street
Area : Ard El Golf, Nasr City
PO Box : 8092
Town : Cairo
Country : Egypt
Telephone : (20-2) 22911525 / 22911406
Facsimile : (20-2) 22911494
Mobile : (20-122) 3921161
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office
(s)
Location Description
·
10D,
Industrial Zone Office
& distribution centre
Badr City
Cairo Ismailia Road
Cairo
Tel: (20-2) 24180295 / 24140295
Fax: (20-2) 24190748 / 24180702
·
10 Dr
Shafik Younis Street Office
& distribution centre
Mansoura
Dakahleya
Tel: (20-50) 2528020
Fax: (20-50) 2528020
·
23 El
Tersa Street Office
& distribution centre
Pyramids
Giza
Cairo
Tel: (20-2) 33846430
Fax: (20-2) 33846430
·
12 El
Mahdy Street Office
& distribution centre
Sidi Bishr
Alexandria
Tel: (20-3) 5491468
Fax: (20-3) 5491468
·
20
Hashem Bakr Abu Hegi Street Office
& distribution centre
Sohag
Tel: (20-93) 2310472
Fax: (20-93) 2310472
·
17 El
Gizawy Street Office
& distribution centre
Ard El Mouled
Minia
Tel: (20-86) 2335135
Fax: (20-86) 2344218
Name Position
·
Dr Awad
Gabr Awad Khalil Chairman
·
Mohamed
El Sayed Ahmed Mohamed Managing
Director
·
Mohsen
Amr Ahmed Director
·
Youssry
Abu El Ela Director
·
Moustafa
El Salamouny Director
·
Mahmoud
Samy Director
·
Farid
Abu Dahab Finance
Manager
·
Mohamed
Hassib Sales
Manager
·
Nabil
Toma Business
Development Manager
·
Samia
El Taweil Public
Relations Manager
·
Mohamed
Shafik Purchasing
Manager
·
Wael
Mamdouh Administration
Manager
Date of Establishment : 1991
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 268036, Cairo
Tax Card No. :
200-179-462
Issued Capital : £E 12,000,000
Paid up Capital : £E 12,000,000
·
Youssry
Abu El Ela 13.0%
·
Mohamed
Hassan Osman Akef 12.5%
·
Moustafa
Ali Abd El Rahman 12.5%
·
Mohsen
Amr Ahmed Atteya 12.1%
·
Dr Awad
Gabr Awad Khalil 12.0%
·
Mohamed
El Sayed Ahmed Mohamed 11.4%
·
Moustafa
Ali Abd El Rahman El Salamouny 8.0%
·
Ahmed
Mohamed Ali Hussein El Sawah 6.8%
·
Kamal
Gabra 6.1%
·
Local
businessmen and private investors 5.6%
Activities: Engaged in the import and distribution of
pharmaceutical preparations.
Import
Countries: Germany,
Australia, South Korea and the United States of America
Subject has a
workforce of approximately 450 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.
·
Arab
Bank Plc
PO Box: 68
Cairo
Tel: (20-2) 33029069 / 33029070
Fax: (20-2) 33029068
No complaints
regarding subject’s payments have been reported.
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.51.44 |
|
|
1 |
Rs.81.96 |
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Euro |
1 |
Rs.67.60 |
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 |
|
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 |
-- |
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.