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Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL TRADING
COMPANY (UTC) |
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|
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Formerly Known As : |
HESHAM ABD EL
FATTAH HASSAN & PARTNERS |
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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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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
323000, Cairo |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of
threads, yarns and other requisites for the textiles industry. |
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No. of Employees : |
140 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Maximum Credit Limit : |
US$ 1,000,000 |
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Status : |
Good |
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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 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Name : UNIVERSAL TRADING COMPANY (UTC)
Also Known As : HESHAM ABD EL FATTAH HASSAN &
PARTNERS
Country of Origin : Egypt
Legal Form :
Limited Liability Partnership
Registration Date : 1998
Commercial
Registration Number : 323000,
Cairo
Tax Card Number : 319-850-072
Issued Capital : £E
500,000
Paid up Capital : £E
500,000
Total Workforce : 140
Activities :
Distributors of threads, yarns and other requisites for the textiles industry.
Financial Condition : Good
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 1,000,000
UNIVERSAL TRADING
COMPANY (UTC)
ALSO
KNOWN AS: HESHAM
ABD EL FATTAH HASSAN & PARTNERS
Street : 4 Maahad El Sahary Street
Area : Ard El Golf, Heliopolis
Town : Cairo
Country : Egypt
Telephone : (20-2) 24182056 / 24182057 / 24182058
Facsimile : (20-2) 24182059
Mobile : (20-122) 3132146
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
·
Western
Extension, Plot 1/2 Warehouse
premises
Block 20009
Cairo Ismailia Road
El Obour City
Cairo
Name Position
·
Hesham
Abd El Fattah Hassan Managing
Partner
·
Adham
Hesham Abd El Fattah Hassan Partner
·
Ahmed
Hesham Abd El Fattah Hassan Partner
·
Hazem
Hesham Abd El Fattah Hassan Partner
·
Moustafa
Mahmoud El Haj Finance
Manager
·
Mona
Said Accounting
Manager
·
Saleh
Abd El Hamid Factory
Manager
·
Kamal
Moustafa Sales
Manager
·
Ahmed
Mohamed Kamel Engineering
Manager
Date of Establishment : 1998
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 323000, Cairo
Tax Card No. : 319-850-072
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
·
Hesham
Abd El Fattah Hassan
·
Adham
Hesham Abd El Fattah Hassan
·
Ahmed
Hesham Abd El Fattah Hassan
·
Hazem
Hesham Abd El Fattah Hassan
Activities: Engaged in the import and distribution of
threads, yarns and other requisites for the textiles industry.
Import
Countries: France, Italy,
Germany, Switzerland, China, South Korea and Australia.
Brand Names: FIN ELAST, LYCRA, TWD, INVISTA and FILIX
SAS
Operating Trend: Steady
Subject has a workforce
of 140 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 115,000,000 £E 190,000,000
Local sources consider
subject’s financial condition to be Good.
The above financial
figures are based on estimations by our local sources.
·
Al
Watany Bank of Egypt
PO Box: 750
Cairo
Tel: (20-2) 33379363
Fax: (20-2) 33772959
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.51.42 |
|
|
1 |
Rs.81.93 |
|
Euro |
1 |
Rs.67.67 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.