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Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
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Name : |
AL RAWAG INTERNATIONAL TRADING CO |
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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 : |
2000 |
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Com. Reg. No.: |
54305, Cairo |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of printing and packaging materials, machinery and related products. |
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No. of Employees : |
20 |
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) |
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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 |
Company Name : AL RAWAG INTERNATIONAL TRADING CO
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Start Date : 2000
Registration Date : 2nd May 2007
Commercial Registration Number : 54305, Cairo
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Total Workforce : 20
Activities : Distributors of printing and packaging materials, machinery and related
products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mohamed Sayed Hassan Fayed, Managing Partner
AL RAWAG INTERNATIONAL TRADING CO
Street : 9/13 El
Oruba Street, off Algeria Street
Area : New Maadi
Town : Cairo 11435
Country : Egypt
Telephone : (20-2) 27033248
/ 27033068
Facsimile : (20-2)
27033248
Mobile : (20-100)
0229943 / 2809271
Email : info@alrawag.com
Subject operates from a medium sized suite of offices and a warehouse
that are rented and located in the Central Business Area of Cairo.
Name Position
· Mohamed Sayed
Hassan Fayed Managing
Partner
· Amro Sayed Hassan
Fayed Partner
· Sayed Hassan Fayed Partner
Date of
Establishment : Subject’s
operations date back to 2000, however it was registered on 2nd May
2007
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 54305, Cairo
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
· Mohamed Sayed
Hassan Fayed
· Amro Sayed Hassan
Fayed
· Sayed Hassan Fayed
Activities: Engaged in the import and distribution of printing and packaging
materials, machinery and related
products.
Import Countries: Italy, India and the United States of America.
International
Suppliers:
· Ester Industries Ltd India
· Arvind Rubber Web
Control India
· Uflex India
· 3M United
States of America
· Crocco Italy
· Radobla Italy
Brand Names: DELTA PLASTIK, WUXI CHEMICAL, PRO-PACK, SWRWRAPNET
AMBALAJ, SILSTAR,
MOZART and
CIOLA
Operating Trend: Steady
Subject has a workforce of 20 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
17,300,000 £E
18,750,000
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.56.01 |
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|
1 |
Rs.87.85 |
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Euro |
1 |
Rs.70.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
-- |
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.