MIRA INFORM REPORT

 

 

Report Date :

16.08.2012

 

IDENTIFICATION DETAILS

 

Name :

ALMAZA HASSAN ABDEL RAHMAN

 

 

Formerly Known As :

ABO KAMER FOR TRADE & DYEING

 

 

Registered Office :

Ezbat Abo Draa Street, El Mehalla El Kubra, Tanta

 

 

Country :

Egypt

 

 

Financials (as on) :

31.12.2011

 

 

Year of Establishment :

1983

 

 

Com. Reg. No.:

10083, Tanta

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Dyeing of threads for textile as well as importing related chemicals

 

 

No. of Employees :

30

 

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 :

No Complaints

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

 

SUMMARY

 

Company Name                                     : ALMAZA HASSAN ABDEL RAHMAN

Also Known As                                      : ABO KAMER FOR TRADE & DYEING

Country of Origin                                    : Egypt

Legal Form                                            : General Partnership

Registration Date                                   : 1983

Commercial Registration Number            : 10083, Tanta

Partners Capital                                     : £E 50,000

Total Workforce                                     : 30

Activities                                               : Dyeing of threads for textile as well as importing related chemicals

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Person Interviewed                                 : Mostafa Al Saeed, Commercial Manager

 

 

COMPANY NAME

 

ALMAZA HASSAN ABDEL RAHMAN

 

 

ALSO KNOWN AS

 

ABO KAMER FOR TRADE & DYEING

 

 

COMPANY ADDRESS

 

Registered & Physical Address

 

Street               : Ezbat Abo Draa Street

Area                 : El Mehalla El Kubra

Town                 : Tanta

Country             : Egypt

Telephone         : (20-40) 2402492

Facsimile          : (20-40) 2404359

Mobile               : (20-12) 3950531

Email                : abokamer2001@yahoo.com

 

Premises

 

Subject operates from a small suite of offices and a workshop that are rented and located in the Suburban Business Area of Tanta.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Ahmed Abdul Aati Abo Kamer                                                            Managing Partner

 

·       Ms Almaza Hassan Abdel Rahman                                                     Partner

 

·       Mostafa Al Saeed                                                                              Commercial Manager

 

·       Sayed Gamal                                                                                    Financial Controller

 

·       Ms Noor Abdullah                                                                              Administrative Officer

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1983

 

Legal Form                  : General Partnership

 

Commercial Reg. No.  : 10083, Tanta

 

Partners Capital           : £E 50,000

 

Name of Partner (s)

 

·       Ahmed Abdul Aati Abo Kamer

 

·       Ms Almaza Hassan Abdel Rahman

 

 

AFFILIATED COMPANIES

 

·       Ahmed Abdul Aati Abo Kamer Est

Ezbat Abo Draa Street

El Mehla El Kubura

Tanta

Tel: (20-40) 2402492

CR No. 88016

 

 

OPERATIONS

 

Activities: Engaged in the dyeing of threads for textile as well as importing related chemicals.

 

Import Countries: Europe and GCC countries

 

Operating Trend: Steady

 

Subject has a workforce of 30 employees.

 

 

 

 

 

 

 

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Egyptian Pound (£E)

 

                                                Year Ending 31/12/10:                Year Ending 31/12/11:

 

Total Sales                                £E 8,500,000                             £E 9,200,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above financial figures are based on estimations by our local sources.

 

 

BANKERS

 

·       Faisal Islamic Bank of Egypt

       1113 Corniche El Nil Street

Cairo

Tel: (20-2) 22753165

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

Date of transaction                              October 2007

Credit amount                                        100,000

Amount overdue                         0

Payment terms                                      60 days

Payment Method                                   Letters of Credit

Paying record                                        No Complaints

Currency                                               US Dollars

 

 

GENERAL COMMENTS

 

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the business is deemed a fair trade risk.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.64

UK Pound

1

Rs.87.31

Euro

1

Rs.68.81

 

INFORMATION DETAILS

 

Report Prepared by :

NLM

 

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.