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Report Date : |
15.04.2013 |
IDENTIFICATION DETAILS
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Name : |
PHARMA CARE INTERNATIONAL |
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Formerly Known As : |
DR ABD EL AZIZ OSAMA & CO |
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Registered Office : |
99 Tharwa Street Heliopolis Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2012 |
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Year of Incorporation : |
2000 |
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Com. Reg. No.: |
329110 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Distributors of veterinary preparations, animal feed, vitamins and disinfectants. |
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No. of Employees : |
16 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Egypt |
A2 |
A2 |
|
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 |
EGYPT - ECONOMIC OVERVIEW
Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. Egypt's economy was highly centralized during the rule of former President Gamal Abdel NASSER but opened up considerably under former Presidents Anwar EL-SADAT and Mohamed Hosni MUBARAK. Cairo from 2004 to 2008 aggressively pursued economic reforms to attract foreign investment and facilitate GDP growth. Despite the relatively high levels of economic growth in recent years, living conditions for the average Egyptian remained poor and contributed to public discontent. After unrest erupted in January 2011, the Egyptian Government drastically increased social spending to address public dissatisfaction, but political uncertainty at the same time caused economic growth to slow significantly, reducing the government's revenues. Tourism, manufacturing, and construction are among the hardest hit sectors of the Egyptian economy, and economic growth is likely to remain slow at least through 2012. The government is utilizing foreign exchange reserves to support the Egyptian pound and Egypt may seek a loan from the International Monetary Fund.
Source
: CIA
Company Name : PHARMA CARE INTERNATIONAL
Also Known As : DR ABD EL AZIZ OSAMA & CO
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 2000
Commercial Registration Number : 329110
Tax Card Number : 759-670-202
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Total Workforce : 16
Activities : Distributors of veterinary preparations, animal feed, vitamins and
disinfectants.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
PHARMA CARE INTERNATIONAL
ALSO KNOWN AS: DR ABD EL AZIZ
OSAMA & CO
Street : 99 Tharwa
Street
Area : Heliopolis
Town : Cairo
Country : Egypt
Telephone : (20-2) 22907589
Facsimile : (20-2)
22470490
Subject operates from a small suite of offices that are rented and
located in the Central Business Area of Cairo.
Branch Office (s)
Location Description
· 16 Yassin Ragheb
Street Office
premises
Nasr City
Cairo
· 15 Street Office
premises
145 Masged El
Wataneya
El Salam City
Cairo
Name Position
· Dr Amgad El Kady Managing
Director
· Dr Abd El Aziz
Hafez Director
· Saber Gohar Sales
Manager
Date of
Establishment : 2000
Legal Form : Egyptian Joint
Stock Company
Commercial Reg.
No. : 329110
Tax Card No. : 759-670-202
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
· Dr Amgad El Kady 60.7%
· Dr Abd El Aziz Hafez 33.3%
· Dosa Nafea 6.0%
Activities: Engaged in the import and distribution of veterinary preparations,
animal feed, vitamins and disinfectants.
Import Countries: France, Spain, United Kingdom, China, Japan, South
Africa and the United States of America.
Operating Trend: Steady
Subject has a workforce of 16 employees.
Financial highlights provided by local sources are given below:
Currency: Egyptian Pounds (£E)
Year
Ending 31/12/11: Year
Ending 31/12/12:
Total Sales £E
3,895,250 £E
3,956,368
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.54.44 |
|
|
1 |
Rs.83.77 |
|
Euro |
1 |
Rs.71.33 |
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 |
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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 |
|
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 |
-- |
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.