MIRA INFORM REPORT
|
Report Date : |
25.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
ISO MARBLE FOR MARBLE AND GRANITE |
|
|
|
|
Registered Office : |
17B, Industrial
Zone, 31 Shak El Thoaban, Maadi, Cairo |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1993 |
|
|
|
|
Com. Reg. No.: |
26292, Cairo |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Cutting and polishing of marble and granite slates and blocks |
|
|
|
|
No. of Employees
: |
200 |
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$ 500,000 |
|
|
|
|
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 30th, 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 |
Company Name : ISO MARBLE FOR MARBLE AND GRANITE
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 1993
Commercial Registration Number : 26292, Cairo
Tax Card No. : 258-614-390
Invested Capital : £E 200,000
Total Workforce : 200
Activities : Cutting and polishing of marble and granite slates and blocks.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 500,000
ISO MARBLE FOR MARBLE AND GRANITE
Registered &
Physical Address
Location : 17B, Industrial Zone
Street : 31 Shak El
Thoaban
Area : Maadi
Town : Cairo
Country : Egypt
Telephone : (20-2) 27541528 / 27541534 / 27541516
/ 27541522 / 27541031 / 29700534 / 25193281
Facsimile : (20-2) 27541528 / 25193281
Email : info@isomarble.com
Premises
Subject operates
from a large suite of offices and a factory that are rented and located in the
Industrial Area of Cairo.
Branch Office(s)
Location Description
·
Villa
No. 5 Rented
office premises
263 Street
New Maadi
Cairo
Tel: (20-2) 25175552 / 25164801
Fax: (20-2) 25175554
Name Position
·
Ayman
Mohamed Moustafa Hamdoun Proprietor
& General Manager
·
Maged
Mohamed Tawfik General
Manager
·
Islam
Mokhar Finance
Manager
·
Ekram
Hamdoun Sales
Manager
·
Abdallah
Hamdoun Production
Manager
·
Atef
Abd El Fatah Export
Manager
·
Mohamed
Bahaa Marketing
Manager
·
Ensegam
El Redy Human
Resources Manager
·
Mohamed
Youssef Public
Relations Manager
·
El
Sayed Tohamy Legal
Affairs Manager
Date of Establishment : 1993
Legal Form :
Sole Proprietorship
Commercial
Reg. No. : 26292, Cairo
Tax
Card No. : 258-614-390
Invested Capital
: £E 200,000
Mr Ayman Mohamed
Moustafa Hamdoun is the sole proprietor of the business.
Activities: Engaged in the cutting and polishing of
marble and granite slates and blocks.
Production
Capacity: 50,000 square
metres per month.
Import Countries: Italy, Spain, Brazil, China and India
Export
Countries: Japan, India,
Indonesia, Brazil, Argentina, South Korea, Germany, France, United States of
America, Italy, Azerbaijan,
Libya, Saudi Arabia, North America, Asia, Africa
Operating Trend: Steady
Subject has a
workforce of approximately 200 employees.
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 48,028,000 £E 52,412,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Societe
Arabe Internationale de Banque
PO Box: 124
Cairo
Tel: (20-2) 3499464 / 3603489
Fax: (20-2) 3603497 / 3603487
·
Alexandria
Commercial and Maritime Bank
85 El Horreya Avenue
Alexandria
Tel: (20-3) 3927307
Fax: (20-3) 4972397
No complaints
regarding subject’s payments have been reported.
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.49.07 |
|
UK Pound |
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.