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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
EL OBOUR COMPANY FOR PAPER PRODUCTION SAE |
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Registered Office : |
37 Ismail Ramsey
Street, Heliopolis, Cairo 11531 |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
2002 |
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Com. Reg. No.: |
35190 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacturers of paper rolls and cardboard |
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No. of Employees : |
200 |
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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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) |
|
Egypt |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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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 : EL OBOUR COMPANY FOR PAPER PRODUCTION SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 2002
Commercial Registration Number : 35190
Tax Card Number : 204-957-915
Issued Capital : £E 50,000,000
Paid up Capital : £E 50,000,000
Total Workforce : 200
Activities : Manufacturers of paper rolls and cardboard
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
EL OBOUR COMPANY
FOR PAPER PRODUCTION SAE
Registered &
Physical Address
Street : 37 Ismail Ramsey Street
Area : Heliopolis
Town : Cairo 11531
Country : Egypt
Telephone : (20-2) 26440085 / 26440086
Facsimile : (20-2) 26397556
Mobile : (20-10) 1695880 / 1695860 /
1695873
Email : sfosman@link.net
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
·
2nd
Industrial Zone Factory
premises
Cairo Ismailia Road
El Obour City
Tel: (20-2) 46101224
Fax: (20-2) 46101225
Name Position
·
Sherif
Farouk Ali Osman Chairman
·
Dalia
Farouk Ali Osman Director
·
Engy
Farouk Ali Osman Director
·
Nabil
Mahmoud Said Director
·
Mossad
El Kady Finance
Manager
·
Ahmed
Heikal Project
Manager
·
Soumaia
Salah El Din Export
Manager
Date of Establishment : 2002
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 35190
Tax Card No. : 204-957-915
Issued Capital : £E 50,000,000
Paid up Capital : £E 50,000,000
Name of Shareholder
(s) Percentage
·
Sherif
Farouk Ali Osman 55%
·
Dalia
Farouk Ali Osman 15%
·
Engy
Farouk Ali Osman 15%
·
Nabil
Mahmoud Said 15%
·
Super
Plast
Cairo
Activities: Engaged in the manufacture of paper rolls
and cardboard.
Import
Countries: Germany, Italy, Turkey,
China, Indonesia and the United States of America.
Export
Countries: Libya, Israel
and Syria
Operating Trend: Steady
Subject has a
workforce of approximately 200 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 37,290,000 £E 39,400,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Suez
Canal Bank
PO Box: 2620
Cairo
Tel: (20-2) 25769296
Fax: (20-2) 25322064
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.52.49 |
|
UK Pound |
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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.