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Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
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Name : |
ENKANA PRINTING INKS SAE |
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Registered Office : |
147 B Ramsis Street Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
2000 |
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Com. Reg. No.: |
4706 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacture of inks and printing inks. |
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No. of Employees : |
18 |
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : ENKANA PRINTING INKS SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 2000
Commercial Registration Number : 4706
Tax Card Number : 205-168-493
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 18
Activities : Manufacture of inks and printing inks.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
ENKANA PRINTING INKS SAE
Location : 147 B Ramsis Street
Town : Cairo
Country : Egypt
Telephone : (20-2) 25908437
/ 25904504 / 38324833
Facsimile : (20-2)
25908437 / 25904504
Mobile : (20-12)
2164159
Email : takla@internetegypt.com
Subject operates from a medium sized suite of offices that are rented
and located in the Industrial Area of Cairo.
Branch Offices
Location Description
· 4th
Industrial Zone Factory
premises
6th
October City
Tel: (20-2)
38320344
Name Position
· Emad Takla Managing
Director
· Nehal Grace Director
· Nawal Fayek Director
· Ishak Youssef Finance
Manager
· Moustafa Mansour Technical
Manager
· Hana Mourad Office
Manager
Date of
Establishment : 2000
Legal Form : Egyptian Joint
Stock Company
Commercial Reg.
No. : 4706
Tax Card No. : 205-168-493
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
· Emad Takla 50.00%
· Nader Takla 18.75%
· Karim Takla 18.75%
· Nehal Grace 6.25%
· Nawal Fayek 6.25%
Activities: Engaged in the manufacture of inks and printing inks.
Import Countries: India, Spain, Italy, Belgium and Germany.
Export Countries: Tunisia, Morocco, Turkey, Spain and the United Arab
Emirates
Brand Names: CHIMIGRAF, CROMOGENIA and SKYPERPSE
Operating Trend: Steady
Subject has a workforce of 18 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
6,674,212 £E
10,458,498
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Commercial International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box: 2430
Cairo
Tel: (20-2) 25703043
Fax: (20-2) 25703172 / 25072691
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 and
the above credit figure is within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.