MIRA INFORM REPORT

 

 

Report Date :

22.02.2012

 

IDENTIFICATION DETAILS

 

Name :

ENERGYA METALS COMPANY

 

 

Registered Office :

3rd Industrial Zone, Zone A6, Plot 116/2 Sharkeya 10th Ramadan City

 

 

Country :

Egypt

 

 

Year of Establishment :

2007

 

 

Com. Reg. No.:

18176

 

 

Legal Form :

Egyptian Joint Stock Company

 

 

Line of Business :

Manufacturers of copper rods

 

 

No. of Employees :

130

 

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

 

Maximum Credit Limit :

US$ 150,000

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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                                     : ENERGYA METALS COMPANY

Country of Origin                                    : Egypt

Legal Form                                            : Egyptian Joint Stock Company

Registration Date                                   : 2007

Commercial Registration Number            : 18176

Issued Capital                                        : £E 100,000,000

Paid up Capital                                      : £E 100,000,000

Total Workforce                                     : 130

Activities                                               : Manufacturers of copper rods

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Recommended Credit Limit                     : US$ 150,000

 

COMPANY NAME

 

ENERGYA METALS COMPANY

 

 

ADDRESS

 

Registered & Physical Address

 

Location            : 3rd Industrial Zone, Zone A6, Plot 116/2

Area                 : Sharkeya

 

Town                 : 10th Ramadan City

Country             : Egypt

 

Telephone         : (20-15) 413296

Facsimile          : (20-15) 413295

 

Premises

 

Subject operates from a large suite of offices and a factory that are rented and located in the Industrial Area of 10th Ramadan City.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Hesham El Sewedy                                                                           Chairman

 

·       Ansar Ali                                                                                          Factory Manager

 

·       Ashraf Abd El Aaal                                                                            Financial Manager

 

·       Engy Hassan                                                                                    Office Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 2007

 

Legal Form                  : Egyptian Joint Stock Company

 

Commercial Reg. No.  : 18176

 

Issued Capital              : £E 100,000,000

 

Paid up Capital            : £E 100,000,000

 

Name of Shareholder (s)                                            Percentage

 

·       Hesham El Sewedy                                                               98%

 

·       Howida Gamel Sadek El Sewedy                                              1%

 

·       Unnamed member of the El Sewedy family                                1%

 

 

OPERATIONS

 

Activities: Engaged in the manufacture of copper rods.

 

Import Countries: Italy, India, Saudi Arabia, Switzerland and Spain.

 

Export Countries: Saudi Arabia, United Arab Emirates, Iraq, Jordan, Sudan, Morocco, Romania, Turkey, India and Panama

 

Subject has a workforce of 130 employees.

 

 

FINANCIAL DATA

 

Companies registered in Egypt are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       Suez Canal Bank

14 Wadi El Nile Street

Nahda Square

Maadi

PO Box: 249

Cairo

Tel: (20-2) 33582681

Fax: (20-2) 33582274

 

 

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.49.08

UK Pound

1

Rs.77.80

Euro

1

Rs.65.17

 

 

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.