MIRA INFORM REPORT

Report Date :

22.06.2012

IDENTIFICATION DETAILS

Name :	ELSHIMI AHMED YASEEN MOHAMED

Registered Office :	12 El Hatem Street, Smouha, Alexandria

Country :	Egypt

Year of Establishment :	2010

Com. Reg. No.:	1754, Alexandria

Legal Form :	Sole Proprietorship

Line of Business :	Distributors of spices, dried foodstuffs, cocoa and coconut powder

No. of Employees :	05

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	No Complaints
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 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Egypt

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SUMMARY

Company Name : ELSHIMI AHMED YASEEN MOHAMED

Country of Origin : Egypt

Legal Form : Sole Proprietorship

Start Date : 2010

Registration Date : 13^th November 2011

Commercial Registration Number : 1754, Alexandria

Tax Card Number : 376-229-403

Invested Capital : £E 10,000

Total Workforce : 5

Activities : Distributors of spices, dried foodstuffs, cocoa and coconut powder

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

COMPANY NAME

ELSHIMI AHMED YASEEN MOHAMED

company ADDRESS

Registered & Physical Address

Street : 12 El Hatem Street

Area : Smouha

Town : Alexandria

Country : Egypt

Telephone : (20-3) 3620242

Facsimile : (20-3) 3620242

Mobile : (20-109) 1228660

Email : mohamedelshimi2012@yahoo.com / mina.s.anwer@gmail.com

Premises

Subject operates from a small suite of offices and a showroom that are rented and located in the Central Business Area of Alexandria.

KEY PRINCIPALS

Name Position

· Elshimi Ahmed Yaseen Mohamed Proprietor & General Manager

· Mina S Anwer Commercial Manager

LEGAL FORM & OWNERS

Date of Establishment : 2010, however subject was registered on 13^th November 2011

Legal Form : Sole Proprietorship

Commercial Reg. No. : 1754, Alexandria

Tax Card No. : 376-229-403

Invested Capital : £E 10,000

Mr Elshimi Ahmed Yaseen Mohamed is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of spices, dried foodstuffs, cocoa and coconut powder.

Import Countries: India and the Far East.

Subject has a workforce of 5 employees.

FINANCIAL DATA

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.

BANKERS

· Bank of Alexandria

6 Salah Salem Street

Alexandria

Tel: (20-3) 4824056

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

Local sources report that payment obligations are met in a generally timely manner and the operating history is clear. As such the business 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.56.42
UK Pound	1	Rs.88.45
Euro	1	Rs.71.52

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.