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Report Date : |
28.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
EGYPHAR |
|
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Registered Office : |
5B, |
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Country : |
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Date of Incorporation : |
1997 |
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Com. Reg. No.: |
5, Giza |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Marketing of pharmaceutical
products and antibiotics. |
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No. of Employees : |
40 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 500,000 |
|
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 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Egypt |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : EGYPHAR
Country of Origin :
Legal Form :
Limited Liability Partnership
Registration Date : 1997
Commercial
Registration Number : 5, Giza
Tax Card Number : 200-147-668
Issued Capital : £E
1,500,000
Paid up Capital : £E
1,500,000
Total Workforce : 40
Activities :
Marketing of pharmaceutical products and antibiotics.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit
Limit : US$ 500,000
EGYPHAR
Street : 5B, Asmaa Fahmi Street
Area : Ard El Golf, Heliopolis
Town : Cairo
Country : Egypt
Telephone : (20-2) 24150187 / 24157677
Facsimile : (20-2) 24150187 / 24157677
Email : egypharm@touch.com
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office
(s)
Location Description
·
75 Koliat El Adab El Gadid Sales
office & distribution centre
Mansoura
Dakahleya
Tel: (20-50) 2238331
·
Industrial
Zone, Plot No. 9 Owned
factory premises
Block 13026
Obour City
Cairo Ismailia Road
Cairo
Tel: (20-2) 46103694 / 46103695
Fax: (20-2) 46103694
·
Gamal Abd El Nasser Street Sales
office & distribution centre
Borg El Obour
Sidi
Beshr
Alexandria
Tel:
(20-3) 5547567
·
9 El Sakhaa Sales
office & distribution centre
Tanta
Tel: (20-40) 3344403
Name Position
·
Dr Mohamed
Roushdy Abd El Rahman Mohamed El Anwar Managing
Partner
·
Dr
Hatim Mohamed Nabhan Partner
·
Dr
Magdi Youssef Eid Youssef Al Nemer Partner
·
Yasser
Abdulaziz Finance
Manager
Date of Establishment : 1997
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 5, Giza
Tax Card No. : 200-147-668
Issued Capital : £E 1,500,000
Paid up Capital : £E 1,500,000
·
Dr
Mohamed Roushdy Abd El Rahman Mohamed El Anwar
·
Dr
Hatim Mohamed Nabhan
·
Dr
Magdi Youssef Eid Youssef Al Nemer
Activities: Engaged in the manufacture and marketing of
pharmaceutical products and antibiotics.
Import
Countries: Europe and the
United States of America
Brand Names: EGYPHAR
Subject has a
workforce of 40 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.
·
Egyptian
Saudi Finance Bank
Akkad Center
Nasr City
Cairo
Tel: (20-2) 27946208
Fax: (20-2) 27942911
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 company 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.50.90 |
|
|
1 |
Rs.81.27 |
|
Euro |
1 |
Rs.67.98 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.