|
Report Date : |
27.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
WINDSOR FOR TRADING AND CONVERTING PAPER |
|
|
|
|
Registered Office : |
Block 1303,
Ismailia Road, 1st Industrial Zone, Obour City, Cairo |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
2005 |
|
|
|
|
Com. Reg. No.: |
13496 |
|
|
|
|
Legal Form : |
Egyptian Joint
Stock Company |
|
|
|
|
Line of Business : |
Manufacture of
printing requisites, paper and inks |
|
|
|
|
No. of Employees : |
125 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : WINDSOR FOR TRADING
AND CONVERTING PAPER
Country of Origin : Egypt
Legal Form :
Egyptian Joint Stock Company
Registration Date : 2005
Commercial
Registration Number : 13496
Tax Card Number : 432-861-139
Issued Capital : £E
10,000,000
Paid up Capital : £E
10,000,000
Total Workforce : 125
Activities :
Manufacture of printing requisites, paper and inks
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
WINDSOR FOR TRADING
AND CONVERTING PAPER
Registered &
Physical Address
Building : Block 1303
Street : Ismailia Road
Area : 1st Industrial
Zone, Obour City
Town : Cairo
Country : Egypt
Telephone : (20-2) 46100405 / 46100406 / 46100407
Facsimile : (20-2) 46100485
Mobile : (20-122) 2405308
Premises
Subject operates
from a medium sized suite of offices and a factory that are rented and located
in the Industrial Area of Cairo.
Branch Office (s)
Location Description
·
16
Gawad Hosni Street Office
premises
Cairo
Name Position
·
Ahmed
Adel Ali Allam Chairman
·
Sherif
El Moalen Director
·
Ibrahim
El Moalen Director
·
Nashaat
El Rouby Financial
Manager
·
Mohamed
Hanafy Production
Manager
Date of Establishment : 2005
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 13496
Tax
Card No. : 432-861-139
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Name of Shareholder
(s) Percentage
·
Shorouk
Modern For Printing & Packaging 40%
Cairo
·
Ahmed
Adel Ali Allam 30%
·
Ibrahim
El Moalen 30%
Activities: Engaged in the manufacture of printing
requisites, paper and inks.
Import
Countries: Netherlands,
Germany, United States of America, Taiwan and China.
Operating Trend: Steady
Subject has a
workforce of 125 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 8,478,000 £E 14,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Export
Development Bank of Egypt
108 Mohi El Din Abu El Ezz Street
Mohandessin
Cairo 11111
Tel: (20-2) 3619005 / 3385877
Fax: (20-2) 3385940 / 3385938
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.52.57 |
|
UK Pound |
1 |
Rs.85.03 |
|
Euro |
1 |
Rs.69.56 |
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 |
|
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.