MIRA INFORM REPORT

 

 

Report Date :

20.06.2012

 

IDENTIFICATION DETAILS

 

Name :

AL WATANEYA FOR CHEMICAL INDUSTRIES

 

 

Registered Office :

40 Ibn Kotaiba Street, Hey El Zohoor, Nasr City, Cairo

 

 

Country :

Egypt

 

 

Date of Incorporation :

01.06.2011

 

 

Com. Reg. No.:

4146, 10th of Ramadan

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Manufacturer of chemicals for textiles

 

 

No. of Employees :

25

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

Payment Behaviour :

Unknown

 

 

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

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUMMARY

 

Company Name                         : AL WATANEYA FOR CHEMICAL INDUSTRIES

Country of Origin                                    : Egypt

Legal Form                                            : Limited Liability Partnership

Registration Date                                   : 1st June 2011

Commercial Registration Number            : 4146, 10th of Ramadan

Tax Card Number                                   : 338-012-028

Issued Capital                                        : £E 300,000

Paid up Capital                                      : £E 300,000

Total Workforce                                     : 25

Activities                                               : Manufacture of chemicals for textiles.

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

Person Interviewed                                 : Sabr Mabrouk Sayed Ahmed, Managing Partner

 

 

 

COMPANY NAME

 

AL WATANEYA FOR CHEMICAL INDUSTRIES

 

 

company ADDRESS

 

Registered & Physical Address

Street               : 40 Ibn Kotaiba Street

Area                 : Hey El Zohoor, Nasr City

Town                 : Cairo

Country             : Egypt

Telephone         : (20-2) 22604193

Facsimile          : (20-2) 22613395

Mobile               : (20-122) 3430300 (20-100) 1950260

Email                : smabrouk@tedata.net.eg

 

Premises

Subject operates from a medium sized suite of offices that are rented and located in the Suburban Business Area of Cairo.

 

Branch Office (s)

 

     Location                                                                                          Description

·       Industrial Zone A6, Block No. 23                                                         Factory premises

10th of Ramadan City

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Sabr Mabrouk Sayed Ahmed                                                              Managing Partner

 

·       Shehab Sabr Mabrouk Sayed Ahmed                                                  Partner

 

·       Shawkat Sabr Mabrouk Sayed Ahmed                                                Partner

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1st June 2011

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.  : 4146, 10th of Ramadan

 

Tax Card No.               : 338-012-028

 

Issued Capital              : £E 300,000

 

Paid up Capital            : £E 300,000

 

Name of Shareholder (s)                                             

·       Sabr Mabrouk Sayed Ahmed                                                             

·       Shehab Sabr Mabrouk Sayed Ahmed                                     

·       Shawkat Sabr Mabrouk Sayed Ahmed

 

 

AFFILIATED COMPANIES

 

·       Al Wataneya For Trade & Chemicals

40 Ibn Kutaiba Street

Hey El Zohoor

Nasr City

Cairo

Tel: (20-2) 22604193

Fax: (20-2) 22613395

 

 

OPERATIONS

 

Activities: Engaged in the manufacture of chemicals for textiles.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 25 employees.

 

 

FINANCIAL DATA

 

Subject is a newly formed business and as a result financial information is not currently available.

 

 

BANKERS

 

·       Commercial International Bank (CIB)

Nile Tower Building

21-23 Giza Street

PO Box: 2430

Cairo

Tel: (20-2) 25703043

Fax: (20-2) 25703172 / 25072691

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

In view of subject’s infancy, extensive payment and financial are not available, therefore dealings are recommended to be on secured terms, and a close monitoring of subject’s business development is advisable.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.01

UK Pound

1

Rs.87.85

Euro

1

Rs.70.54

 

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

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

----

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.