MIRA INFORM REPORT

Report Date :

23.06.2012

IDENTIFICATION DETAILS

Name :	AL SHAZLY FATHI RABEE IMPORT & EXPORT

Registered Office :	31 Khalid Amin Street Giza Cairo

Country :	Egypt

Financials (as on) :	31.12.2011

Year of Establishment :	1989

Com. Reg. No.:	18655, Cairo

Legal Form :	Sole Proprietorship

Line of Business :	Distributors of dried foodstuffs and spices.

No. of Employees :	6

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 : AL SHAZLY FATHI RABEE IMPORT & EXPORT

Country of Origin : Egypt

Legal Form : Sole Proprietorship

Registration Date : 1989

Commercial Registration Number : 18655, Cairo

Tax Card Number : 630-329-729

Invested Capital : £E 10,000

Total Workforce : 6

Activities : Distributors of dried foodstuffs and spices.

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Person Interviewed : Al Shazly Fathi Rabee, Proprietor & General Manager

COMPANY NAME

AL SHAZLY FATHI RABEE IMPORT & EXPORT

ADDRESS

Registered & Physical Address

Street : 31 Khalid Amin Street

Area : Giza

Town : Cairo

Country : Egypt

Telephone : (20-2) 23624362

Facsimile : (20-2) 23624362

Mobile : (20-122) 3336059

Email : shalzefathi@yahoo.com

Please note that the contact numbers above belong to “Abu Baker Soilman Import & Export”. Mr Al Shazly Fathi Rabee uses their landline as he does not have one himself.

Premises

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

KEY PRINCIPALS

Name Position

· Al Shazly Fathi Rabee Proprietor & General Manager

LEGAL FORM & OWNERS

Date of Establishment : 1989

Legal Form : Sole Proprietorship

Commercial Reg. No. : 18655, Cairo

Tax Card No. : 630-329-729

Invested Capital : £E 10,000

Mr Al Shazly Fathi Rabee is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of dried foodstuffs and spices.

Import Countries: India and the Far East.

Operating Trend: Steady

Subject has a workforce of 6 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Egyptian Pound (£E)

Year Ending 31/12/10: Year Ending 31/12/11:

Total Sales £E 6,300,000 £E 6,780,000

Local sources consider subject’s financial condition to be Fair.

The above financial figures are based on estimations by our local sources.

BANKERS

· Banque Misr

151 Mohamed Farid Street

Cairo

Tel: (20-2) 33912711 / 33912106

Fax: (20-2) 33919779

PAYMENT HISTORY

No complaints regarding subject’s payments have been reported.

GENERAL COMMENTS

During the course of this investigation nothing detrimental was uncovered regarding subject’s operating history or the manner in which payments are fulfilled. As such the business is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.56.99
UK Pound	1	Rs.88.97
Euro	1	Rs.71.57

INFORMATION DETAILS

Report Prepared by :

PRL

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%)

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