MIRA INFORM REPORT
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Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
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Name : |
ORKILA |
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Registered Office : |
12 El
Badeia Street, El Merghany,
Heliopolis, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.02.1999 |
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Com. Reg. No.: |
149848, Alexandria |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Distributors of general merchandise |
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No. of Employees
: |
15 |
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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Maximum Credit Limit : |
US$ 300,000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Egypt |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
SUMMARY
Company Name : ORKILA
Country of Origin : Egypt
Legal Form : Limited Liability Company
Registration Date : 2nd February 1999
Commercial Registration Number : 149848, Alexandria
Issued Capital : £E 1,000,000
Paid up Capital : £E 1,000,000
Total Workforce : 15
Activities : Distributors of general merchandise.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 300,000
COMPANY NAME
ORKILA
company ADDRESS
Registered &
Physical Address
Street : 12 El
Badeia Street
Area : El Merghany, Heliopolis
Town : Cairo
Country : Egypt
Telephone : (20-2) 24145738 / 24145718 / 24145739
/ 24175746 / 24187515
Facsimile : (20-2) 24175746 / 24175745 /
24152407
Premises
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Cairo.
Branch Office (s)
Location Description
·
Amreya
Free Zone, Block 800 Office
premises
Alexandria
Tel: (20-3) 4485095 / 4484717 / 4487427
Fax: (20-3) 4485096
KEY PRINCIPALS
Name Position
·
Antoine Sacy General
Manager
·
Mohamed El Shafie Finance
Manager
·
Mahmoud
Abu Khader Commercial
Manager
·
Ahmed
Salah Accounts
Manager
·
Ossama
Gomaa Warehouse
Manager
·
Hala
Mounir Human
Resources Manager
LEGAL FORM & OWNERS
Date of Establishment : 2nd
February 1999
Legal Form :
Limited Liability Company
Commercial Reg. No. : 149848, Alexandria
Issued Capital : £E 1,000,000
Paid up Capital : £E 1,000,000
Name of Shareholder
(s) Percentage
·
Orkila
FZE 100%
Jebel Ali Free Zone
PO Box: 17190
Dubai
United Arab Emirates
AFFILIATED COMPANIES
·
Orkila
Egypt Chemical
2
Samannoud Street
eliopolis
Cairo
Tel: (20-2)
24187515
Fax: (20-2)
24152707
OPERATIONS
Activities: Engaged in the import
and distribution of general merchandise, specialising in various
chemicals including fine organic chemicals for the pharmaceutical,
agrochemical, agro-food and fragrances industries,
consumer specialities chemicals and industrial chemicals.
Import
Countries: France, Saudi
Arabia, Kuwait, China, Italy, Spain and Brazil.
Operating Trend: Steady
Subject has a
workforce of 15 employees.
FINANCIAL DATA
Financial highlights
provided by local sources are given below:
Currency: United
States Dollars (US$)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales US$ 6,144,452 US$ 6,774,964
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
National
Societe Generale Bank
240 El Corniche Street
Rushdy, Ramleh
Alexandria
Tel: (20-3) 5452352 / 5430332
Fax: (20-3) 5455715
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
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.49.53 |
|
UK Pound |
1 |
Rs.77.95 |
|
Euro |
1 |
Rs.64.66 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.