MIRA
INFORM REPORT
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Report Date : |
11.02.2012 |
IDENTIFICATION DETAILS
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Name : |
ROYAL
INTERNATIONAL |
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Registered Office : |
Alam El Din
Tower, 23rd July Street, El Maamoun, 510, Port Said |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
28510 |
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Legal Form : |
Limited Liability
Partnership |
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Line of Business : |
Manufacture of soap,
cosmetics, shampoo and household detergents |
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No. of Employees : |
250 |
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$ 200,000 |
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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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Egypt |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 : ROYAL INTERNATIONAL
Country of Origin : Egypt
Legal Form :
Limited Liability Partnership
Registration Date : 1992
Commercial
Registration Number : 28510
Tax Card Number : 204-907-683
Issued Capital : £E
3,000,000
Paid up Capital : £E
3,000,000
Total Workforce : 250
Activities :
Manufacturer of soap, cosmetics, shampoo and household detergents.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 200,000
COMPANY NAME
ROYAL INTERNATIONAL
ADDRESS
Registered & Physical Address
Building : Alam El Din Tower
Street : 23rd July Street
Area : El Maamoun
PO Box : 510
Town : Port Said
Country : Egypt
Telephone : (20-66) 3320661 / 3320662 / 3320663
Facsimile : (20-66) 3322116
Mobile : (20-122) 2192787
Premises
Subject operates
from a large suite of offices that are owned and located in the Central
Business Area of Port Said.
Branch Office
(s)
Location Description
·
29
Abbass, El Akkad & Moustafa Hamam Street Office
premises
Nasr City
Cairo
Tel: (20-2) 22404002
Fax: (20-2) 22402566
·
Public
Free Zone, Investment Complex Factory
Premises
Port Said
Tel: (20-66) 3738001 / 3724002
Fax: (20-66) 3740531
KEY PRINCIPALS
Name Position
·
Dr Abd
El Moneim Alam El Din Managing
Partner
·
Mahmoud
Mohamed Alam El Din Partner
·
Rashed
Abd El Qadar Financial
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1992
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 28510
Tax
Card No. : 204-907-683
Issued Capital : £E 3,000,000
Paid up Capital : £E 3,000,000
Name of Partner (s)
·
Dr Abd
El Moneim Alam El Din
·
Mahmoud
Mohamed Alam El Din
·
Ahmed
Mohamed Alam El Din
·
Atef
Mohamed Alam El Din
·
Gamal
Mohamed Alam El Din
·
Hamdy
Mohamed Alam El Din
OPERATIONS
Activities: Engaged in the manufacture of soap,
cosmetics, shampoo and household detergents.
Import
Countries: Italy
Export
Countries: Libya, Sudan, Nigeria,
Romania and Jordan.
Brand Names: HONEY, TODAY, AIWA, DORIS, ROYAL FAX, ROYAL
STAR, PROJIV, FAPI and PREFAX
Operating Trend: Steady
Subject has a
workforce of approximately 250 employees.
FINANCIAL DATA
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 17,400,000 £E 18,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Commercial
International Bank (CIB)
El Gomhouria Street
Port Said Free Zone
Port Said
Tel: (20-66) 336801
Fax: (20-66) 325956
Acc No. 02-5030907
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
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.49.64 |
|
|
1 |
Rs.78.35 |
|
Euro |
1 |
Rs.65.79 |
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 |
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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 |
|
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 |
-- |
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.