MIRA INFORM REPORT
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Report Date : |
13.01.2012 |
IDENTIFICATION DETAILS
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Name : |
NEFERTITI IMPORT & EXPORT |
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Registered Office : |
15 Dr Ibrahim Anis
Street, El Nozha El Gedida, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.08.2002 |
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Com. Reg. No.: |
361884, Cairo |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of tobacco and rice |
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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$ 150,000 |
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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 : NEFERTITI IMPORT & EXPORT
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1st August 2002
Commercial Registration Number : 361884, Cairo
Tax Card Number : 205-865-003
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Total Workforce : 15
Activities : Distributors of tobacco and rice
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : El Sayed Abdul Muti Abdul Hameed, Managing Partner
COMPANY NAME
NEFERTITI IMPORT & EXPORT
company ADDRESS
Registered &
Physical Address
Street : 15 Dr Ibrahim Anis Street
Area : El Nozha El Gedida
Town : Cairo
Country : Egypt
Telephone : (20-2) 26249012
Facsimile : (20-2) 26249012
Mobile : (20-122) 3906139
Email : nefertiti_impex@hotmail.com / nefertititobacco@yahoo.com
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Central Business Area of Cairo.
KEY PRINCIPALS
Name Position
·
El
Sayed Abdul Muti Abdul Hameed Managing Partner
·
Osama
Ahmed El Maghawly Saleem Partner
·
Shayma
Mahmoud Administration
Executive
LEGAL FORM & OWNERS
Date of Establishment : 1st
August 2002
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 361884, Cairo
Tax Card No. :
205-865-003
Issued Capital : £E 200,000
Paid up Capital : £E 200,000
Name of
Shareholder (s)
·
El
Sayed Abdul Muti Abdul Hameed
·
Osama
Ahmed El Maghawly Saleem
OPERATIONS
Activities: Engaged in the import and distribution of tobacco
and rice.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 15 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales £E 9,410,000 £E 9,750,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
National
Bank of Egypt
Qwesna Branch
El Menoufeya
Tel: (20-48) 573034
Fax: (20-48) 573171
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.83 |
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UK Pound |
1 |
Rs.79.42 |
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Euro |
1 |
Rs.65.90 |
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.