MIRA INFORM REPORT
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Report Date : |
31.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ARAB TRADER FOR TRADING SAE |
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Registered Office : |
32 Iskander El
Makdomi Street, Torel El Gedadah, Mansoura |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
01.11.2007 |
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Com. Reg. No.: |
28343, Mansoura |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Distributors of agricultural crops |
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No. of Employees
: |
65 |
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$ 1,000,000 |
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Status : |
Good |
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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) |
|
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 : ARAB TRADER FOR TRADING SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 1st November 2007
Commercial Registration Number : 28343, Mansoura
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Total Workforce : 65
Activities : Distributors of agricultural crops.
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 1,000,000
Person Interviewed : Ahmed Abdul Hadi, General Manager
COMPANY NAMe
ARAB TRADER FOR TRADING SAE
company ADDRESS
Registered &
Physical Address
Street : 32 Iskander El Makdomi Street
Area : Torel El Gedadah
Town : Mansoura
Country : Egypt
Telephone : (20-50) 2337425
Facsimile : (20-50) 2338923
Mobile : (20-100) 6300007
Email : sales@arabtradergroup.com / customercare@arabtradergroup.com
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Industrial Area of Mansoura.
Branch Office (s)
Location Description
·
Bishbish
El Mahala El Gharabia Office
premises
Dahkleya
Tel: (20-40) 2021666 / 2026008
Fax: (20-40) 2026008
KEY PRINCIPALS
Name Position
·
Mohamed
El Saied Fahmy Chairman
·
Amr El
Saied Fahmy Managing
Director
·
Alaa
Mohamed El Saied Director
·
Adel
Mohamed El Saied Director
·
Ahmed
Abdul Hadi General
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1st
November 2007
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 28343,
Mansoura
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Name of Shareholder
(s)
·
Mohamed
El Saied Fahmy
·
Amr El
Saied Fahmy
·
Alaa
Mohamed El Saied
·
Adel Mohamed
El Saied
AFFILIATED COMPANIES
·
Mohamed
El Saied Fahmy Co
Bishbish El Mahala El Gharabia
Dahkleya
Tel: (20-40) 2021666 / 2026008
Fax: (20-40) 2026008
OPERATIONS
Activities: Engaged in the import and distribution of
agricultural crops, including beans, rice, lentils and chick peas.
Subject is also
engaged in the packaging of pulses.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of 65 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 132,800,000 £E 140,000,000
Local sources
consider subject’s financial condition to be Good.
The above figures
were provided by Mr Ahmed Abdul Hadi, General Manager
BANKERS
·
Arab
Bank Plc
El Gomhoureya Street
Mansoura
Acc No. 21907
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.49.50 |
|
UK Pound |
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.65.19 |
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 |
|
<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.