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Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
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Name : |
MASH FOR PHARMACEUTICAL INDUSTRIES SAE |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1990 |
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Com. Reg. No.: |
2940, Cairo |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacturers of medical preparations, cosmetics, skin care products, shampoo and shaving creams |
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No. of Employees : |
350 |
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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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company Name : MASH FOR PHARMACEUTICAL INDUSTRIES SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 1990
Commercial Registration Number : 2940, Cairo
Tax Card Number : 205-125-875
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 350
Activities : Manufacturers of medical preparations, cosmetics, skin care products,
shampoo and shaving creams.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
MASH FOR
PHARMACEUTICAL INDUSTRIES SAE
Registered &
Physical Address
Street : 9 Abou El Kassem El Mahdy
Street
Area : 7th District, Nasr
City
Town : Cairo
Country : Egypt
Telephone : (20-2) 24040468 / 24044033
Facsimile : (20-2) 24040465
Email : sale@mashpharma.com / egypt@mashpharma.com
Premises
Subject operates
from a large sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office (s)
Location Description
·
3rd
Industrial Zone, Plot No. 54/2 Factory
premises
Cairo Ismailia Road
Badr City
Cairo
Tel: (20-2) 28641775
Fax: (20-2) 28641775
Name Position
·
Mahmoud El Hendawy Chairman
·
Dr Sayed El Hendawy Managing
Director
·
Ali El Hendawy Factory
Manager
·
Mohamed
El Mallah Financial
Manager
·
Mohamed
Ismail Accounts
Manager
Date of Establishment : 1990
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg.
No. : 2940, Cairo
Tax
Card No. : 205-125-875
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Name of Shareholder
(s) Percentage
·
Hany
Shaalan 25.0%
·
Ayman
Badr 25.0%
·
Mahmoud El Hendawy 22.5%
·
Dr Sayed El Hendawy 22.5%
·
Ali El Hendawy 5.0%
Activities: Engaged in the manufacture of medical
preparations, cosmetics, skin care products, shampoo and shaving creams.
Import
Countries: China, France
& India.
Export Countries: Kuwait, Sudan, Saudi Arabia and Yemen.
Brand Names: MASH
Operating Trend: Steady
Subject has a
workforce of approximately 350 employees.
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 27,410,000 £E 32,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Banque
Misr
151 Mohamed Farid Street
Cairo
Tel: (20-2) 33912711 / 33912106
Fax: (20-2) 33919779
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.55 |
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UK Pound |
1 |
Rs.85.48 |
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Euro |
1 |
Rs.68.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.