MIRA INFORM REPORT
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Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
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Name : |
COMMERCIAL INTERNATIONAL CENTRE |
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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 : |
1987 |
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Com. Reg. No.: |
15562, Cairo |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesalers and retailers of computers and computer spare parts |
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No. of Employees
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22 |
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
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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 : COMMERCIAL INTERNATIONAL CENTRE
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 1987
Commercial Registration Number : 15562, Cairo
Tax Card Number : 200-205-145
Invested Capital : £E 30,000
Total Workforce : 22
Activities : Wholesalers and retailers of computers and computer spare parts
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMMERCIAL INTERNATIONAL
CENTRE
Registered &
Physical Address
Street : 36 El
Mansour Mohamed Street
Area : Zamalek
Town : Cairo
Country : Egypt
Telephone : (20-2) 7350876
/ 7355758 / 7374657
Facsimile : (20-2) 3446366
Mobile : (20-12) 4821360
Email : clc_egypt@yahoo.com
Premises
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Cairo.
Branch Office (s)
Location Description
·
Kian Showroom Rented
showroom premises
Arkedia
Mall, 2nd Floor
Boulak Abu El Ela
Cairo
Tel: (20-2)
5742009
Fax: (20-2)
5742009
Name Position
·
Mohamed Said Mattar Proprietor
·
Karam Abd El Wahab Finance
Manager
·
Anwar Hamed Accounts
Manager
Date of Establishment : 1987
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 15562, Cairo
Tax Card No. : 200-205-145
Invested Capital
: £E 30,000
Mr Mohamed Said Mattar is the sole proprietor of the
business.
Activities: Engaged in the
wholesale and retail of computers and computer spare parts, such as monitors,
keyboards and hard disks, as well as related furniture. Subject distributes
plastic raw materials and industrial
detergents.
Import
Countries: United States of
America, Taiwan, Japan and China.
Brand Names: MICROVISION and
KIAN
Operating Trend: Steady
Subject has a
workforce of 22 employees.
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 12,700,000 £E 13,100,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
National
Bank of Egypt
24 Sherif Street
Cairo
Tel: (20-2) 33924175
Fax: (20-2) 33924143
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 business 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.50.91 |
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UK Pound |
1 |
Rs.81.27 |
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Euro |
1 |
Rs.67.99 |
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.