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Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
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Name : |
EUROPEAN AGENCY FOR IMPORT & EXPORT |
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Registered Office : |
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Country : |
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Year of Establishment : |
1995 |
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Com. Reg. No.: |
16144, Giza |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of household appliances and electrical accessories |
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No. of Employees : |
12 |
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 |
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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 : EUROPEAN AGENCY FOR IMPORT & EXPORT
Country of Origin :
Legal Form : Sole Proprietorship
Registration Date : 1995
Commercial Registration Number : 16144, Giza
Invested Capital : £E 100,000
Total Workforce : 12
Activities : Distributors of household appliances and electrical accessories
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
EUROPEAN AGENCY FOR
IMPORT & EXPORT
Registered & Physical
Address
Street : 446 El Ahram Street
Area : El Haram, Giza
Town : Cairo
Country : Egypt
Telephone : (20-2) 37762161
Facsimile : (20-2) 37762161
Mobile : (20-100) 1793130
Email : europe_shera@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.
Name Position
·
Majdi
Mohamed Shera Proprietor
& General Manager
Date of Establishment : 1995
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 16144, Giza
Invested Capital
: £E 100,000
Mr Majdi Mohamed Shera is the sole proprietor of the business.
Activities: Engaged in the import and distribution of
household appliances and electrical accessories.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 12 employees.
Companies
registered in Egypt are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
·
BLOM Bank Egypt
54 Lebanon Street
Mohandessin
Cairo
Tel: (20-2) 33039825
Fax: (20-2) 33039804
No complaints regarding
subject’s payments have been reported.
Please note that we
were unable to contact the subject directly during our investigation.
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.55.85 |
|
UK Pound |
1 |
Rs.86.88 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.