MIRA INFORM REPORT

Report Date :

13.04.2012

IDENTIFICATION DETAILS

Name :	NILE RIVER CO FOR EXPORT & IMPORT

Registered Office :	54 Michael Pakhoum Street, Dokki, Giza, Cairo

Country :	Egypt

Date of Incorporation :	07.09.2011

Com. Reg. No.:	53794, Cairo

Legal Form :	Egyptian Joint Stock Company

Line of Business :	Distributors of general foodstuffs, packaging materials, bottles, containers, carton and plastic for packaging.

No. of Employees :	12

RATING & COMMENTS

MIRA’s Rating :

RATING

STATUS

PROPOSED CREDIT LINE

New Business

Maximum Credit Limit :	US$ 20,000
Status :	New company
Payment Behaviour :	Unknown
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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SUMMARY

Company Name : NILE RIVER CO FOR EXPORT & IMPORT

Country of Origin : Egypt

Legal Form : Egyptian Joint Stock Company

Registration Date : 7^th September 2011

Commercial Registration Number : 53794, Cairo

Issued Capital : £E 250,000

Paid up Capital : £E 250,000

Total Workforce : 12

Activities : Distributors of general foodstuffs, packaging materials, bottles, containers,

carton and plastic for packaging.

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Recommended Credit Limit : US$ 20,000

Person Interviewed : Duaa Sharaqa, Sales Manager

COMPANY NAME

NILE RIVER CO FOR EXPORT & IMPORT

ADDRESS

Registered & Physical Address

Street : 54 Michael Pakhoum Street

Area : Dokki, Giza

Town : Cairo

Country : Egypt

Telephone : (20-2) 37618190

Facsimile : (20-2) 37618190

Mobile : (20-115) 4020047 / 8881200 / (20-114) 8881200

Email : nileriverco@yahoo.com

Premises

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

KEY PRINCIPALS

Name Position

· Osama Mohamed Saeed Chairman

· Ali Eddine El Sayed Managing Director

· Fatin Mohamed Director

· Duaa Sharaqa Sales Manager

LEGAL FORM & OWNERS

Date of Establishment : 7^th September 2011

Legal Form : Egyptian Joint Stock Company

Commercial Reg. No. : 53794, Cairo

Issued Capital : £E 250,000

Paid up Capital : £E 250,000

Name of Shareholder (s)

· Osama Mohamed Saeed

· Ali Eddine El Sayed

· Fatin Mohamed

OPERATIONS

Activities: Engaged in the import and distribution of general foodstuffs, including olive oil, juices, beverages as well as packaging materials, bottles, containers , carton and plastic for packaging.

Import Countries: Europe and the Far East.

Subject has a workforce of 12 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

BANKERS

· Arab African International Bank

Mokatm Branch

Cairo

Acc No. 509180

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

In view of subject’s infancy, extensive payment and financial records are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.51.44
UK Pound	1	Rs.81.96
Euro	1	Rs.67.60

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.