MIRA INFORM REPORT
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Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ARCHIRODON CONSTRUCTIONS (OVERSEAS) CO SA |
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Registered Office : |
El Serag Mall Building, 7th Floor, Building No.
2, Ext. 4, Attia El Sawalhy
Street, Nasr City, Cairo |
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Country : |
Egypt |
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Year of Establishment : |
1980 |
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Com. Reg. No.: |
8890 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Providers of civil, mechanical and electrical contracting works |
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No. of Employees
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70 |
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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Maximum Credit Limit : |
US$ 150,000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 : ARCHIRODON CONSTRUCTIONS (OVERSEAS) CO SA
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 1980
Commercial Registration Number : 8890
Issued Capital : £E 6,800,000
Paid up Capital : £E 6,800,000
Total Workforce : 70
Activities : Providers of civil, mechanical and electrical contracting works
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
ARCHIRODON
CONSTRUCTIONS (OVERSEAS) CO SA
Registered &
Physical Address
Building : El Serag
Mall Building, 7th Floor, Building No. 2, Ext. 4
Street : Attia
El Sawalhy Street
Area : Nasr
City
Town : Cairo
Country : Egypt
Telephone : (20-2) 22701440 / 22749389
Facsimile : (20-2) 22701453
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Name Position
·
Hazem Adel Sadek Chairman
·
Jonins Dunil Saltani Director
·
Andrias Procompu Director
·
Boghous Aram Malkhesian Director
·
Anaskgors Fularins Director
·
Anax Violaris Financial
Manager
Date of Establishment : 1980
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 8890
Issued Capital : £E 6,800,000
Paid up Capital : £E 6,800,000
Name of Shareholder
(s)
·
Archirodon
Construction Overseas Ltd
Greece
Activities: Engaged in the provision of civil,
mechanical and electrical contracting works, specialising
in marine and heavy civil construction.
Import
Countries: Saudi Arabia,
United States of America and Germany.
Subject has a
workforce of 70 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.
·
Commercial
International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box: 2430
Cairo
Tel: (20-2) 225703043
Fax: (20-2) 225703172 / 225072691
·
Arab
Bank Plc
28, Talaat Harb Street
PO Box: 2006
Cairo
Tel: (20-2) 22746218
No complaints regarding
subject’s payments have been reported.
Local sources
report that the subject’s operating history is clear with payment obligations
met in a generally timely manner. The financial position is satisfactory and
the company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.35 |
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UK Pound |
1 |
Rs.78.68 |
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Euro |
1 |
Rs.65.63 |
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 |
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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.