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Report Date : |
27.07.2012 |
IDENTIFICATION DETAILS
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Name : |
LIVING IN INTERIORS |
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Registered Office : |
44 El
Hassan Street, off El Marwa Street, Dokki, Giza, Cairo |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1992 |
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Com. Reg. No.: |
79838 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Interior design contracting
services as well as suppliers of decorative items |
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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
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Egypt |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : LIVING IN INTERIORS
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1992
Commercial Registration Number : 79838
Issued Capital : £E 25,000,000
Paid up Capital : £E 25,000,000
Total Workforce : 350
Activities :
Interior design contracting services as well as
suppliers of decorative
items
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
LIVING IN INTERIORS
Registered &
Physical Address
Street : 44 El
Hassan Street, off El Marwa Street
Area : Dokki,
Giza
Town : Cairo
Country : Egypt
Telephone : (20-2) 33353523
/ 37484992 / 33388316 / 33386357
Facsimile : (20-2) 33353802
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office (s)
Location Description
·
Abu Rawash Industrial Area Rented
showroom premises
Pyramids,
Giza
Cairo
Tel: (20-2)
35390884 / 35390883
Fax: (20-2)
35390882
Name Position
·
Ashraf Ashraf Saad El Tanani Managing
Partner
·
Alia El Tanani Partner
·
Ahmed Farid Finance Manager
·
Hazem Mohsen Purchasing
Manager
·
Khaled
Ghanem Project
Manager
·
Rania
Sobhy Marketing Manager
·
Reem
Hassan Import
Manager
Date of Establishment: 1992
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 79838
Tax Card No. : 100-412-289
Issued Capital : £E 25,000,000
Paid up Capital : £E 25,000,000
Name of
Shareholder (s)
·
Ashraf Ashraf Saad El Tanani
·
Alia El Tanani
Activities: Engaged in the
import, distribution and retail of deluxe residential and office furniture
decorations,
accessories,
carpets and antiques. Subject also provides interior design contracting
services.
Import
Countries: Spain, France,
Italy, India, China and the United States of America.
Brand Names: BAKER, STEELCASE,
RALPH LAUREN and ARMANI CASA
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 22,414,284 £E 37,058,483
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Misr
International Bank (MIBANK)
14 Alfy Street
PO Box: 631
Cairo
Tel: (20-2) 35931002
Fax: (20-2) 35912306
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.95 |
|
UK Pound |
1 |
Rs.86.56 |
|
Euro |
1 |
Rs.67.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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 |
|
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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.