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Report Date : |
22.05.2012 |
IDENTIFICATION DETAILS
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Name : |
EGYPTIAN FOR PRINTING CO |
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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 : |
2003 |
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Com. Reg. No.: |
19483, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Printing and dyeing of clothing |
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No. of Employees : |
150 |
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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 : EGYPTIAN FOR PRINTING CO
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 2003
Commercial Registration Number : 19483, Cairo
Tax Card Number : 200-493-663
Issued Capital : £E 4,000,000
Paid up Capital : £E 4,000,000
Total Workforce : 150
Activities : Printing and dyeing of clothing
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mohamed Mamoun, General Manager
EGYPTIAN FOR
PRINTING CO
Registered & Physical
Address
Street : El Karnak Street, Road 135
Area : Ibrahim Bake, Shoubra El
Kheima
Town : Cairo
Country : Egypt
Telephone : (20-2) 46047035 / 46041796
Facsimile : (20-2) 46130999
Mobile : (20-100) 0050841
Email : egyptianprint@egyptianprint.com
Premises
Subject operates
from a large suite of offices and a factory that are rented and located in the
Industrial Area of Cairo.
Name Position
·
Ahmed
Mahmoud Ali Managing
Partner
·
Amr
Mahmoud Ali Partner
·
Mohamed
Mamoun General
Manager
·
Fathi
Zain Finance
Manager
Date of Establishment : 2003
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 19483, Cairo
Tax Card No. : 200-493-663
Issued Capital : £E 4,000,000
Paid up Capital : £E 4,000,000
Name of Partner
(s)
·
Ahmed
Mahmoud Ali
·
Amr
Mahmoud Ali
·
Al
Ahram Industrial Development
Cairo
·
United
Weaver
Cairo
Activities: Engaged in the printing and dyeing of
clothing.
Import
Countries: Europe and the
Far East.
Operating Trend: Steady
Subject has a
workforce of approximately 150 employees.
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales £E 18,800,000 £E 19,570,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Commercial
International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box: 2430
Cairo
Tel: (20-2) 25703043
Fax: (20-2) 25703172 / 25072691
No complaints
regarding subject’s payments have been reported.
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 company
is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.68 |
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UK Pound |
1 |
Rs.86.52 |
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Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.