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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
KERSHA COMPANY |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1973 |
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Com. Reg. No.: |
159855, Cairo |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
General construction contractors |
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No. of Employees : |
120 |
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$ 800,000 |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company Name : KERSHA COMPANY
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1973
Commercial Registration Number : 159855, Cairo
Tax Card Number : 217-132-634
Issued Capital : £E 2,000,000
Paid up Capital : £E 2,000,000
Total Workforce : 120
Activities : General construction contractors
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 800,000
Person Interviewed : Hassan Ali Hassan, Managing Partner
KERSHA COMPANY
Location : 23 Abd El Khalek Tharwat Street
Town : Cairo
Country : Egypt
Telephone : (20-2) 23937002
/ 23929782
Facsimile : (20-2)
23925841
Mobile : (20-100)
4611568 / 66649542
Email : alibarbary@kershaco.com
Subject operates from a medium sized suite of offices that are rented
and located in the Central Business Area of Cairo.
Branch Office (s)
Subject has quarries located in Zafrana ,Beni Suef,
Sohag, Fayoum and Safaga.
Name Position
· Hassan Ali Hassan Managing
Partner
· Mohamed Ali Hassan Partner
· Ali Hassan Al Barbary Partner
· Abdullah Abdullatif Finance
Manager
· Jaber Sulaiman Ismail Purchasing
Manager
Date of
Establishment : 1973
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 159855, Cairo
Tax Card No. : 217-132-634
Issued Capital : £E 2,000,000
Paid up Capital : £E 2,000,000
· Hassan Ali Hassan
· Mohamed Ali Hassan
· Ali Hassan Al Barbary
Activities: Engaged as general construction contractors for road works, bridges and
asphalting.
Subject also
operates quarries and stone crushers.
Subject is
currently working on a 60 Km road work length involving, asphalting and stone
work, between Al Fayoum and Noor Gola Villages.
Operating Trend: Steady
Subject has a workforce of 120 employees.
Financial highlights provided by local sources are given below:
Currency: Egyptian Pounds (£E)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales £E
63,850,000 £E
70,000,000
Local sources consider subject’s financial condition to be Good.
The above figures were provided by Mr Hassan Ali
Hassan, Managing Partner
·
Commercial International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box: 2430
Cairo
Tel: (20-2) 25703043
Fax: (20-2) 25703172 / 25072691
No complaints regarding subject’s payments have been reported.
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.51.44 |
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|
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 |
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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 |
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<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.