MIRA INFORM REPORT

 

 

 

 

Report Date :           

19.10.2013

 

IDENTIFICATION DETAILS

 

Name :

PLUS UNIVERSE FOR PROJECTS & TRADING SAE

 

 

Registered Office :

4 Al Tayaran Street, Nasr City, P O Box 11246, Cairo

 

 

Country :

Egypt

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

13.10.2009

 

 

Com. Reg. No.:

41589, Cairo

 

 

Legal Form :

Egyptian Joint Stock Company

 

 

Line of Business :

Distribution of fertilizers, minerals, grains, oilseeds and petroleum

 

 

No. of Employees :

35

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SUMMARY

 

Company Name                                     : PLUS UNIVERSE FOR PROJECTS & TRADING SAE

Doing Business As                                : (MFCG) MINERAL, FERTILIZERS & COMMODITIES GROUP

Country of Origin                                    : Egypt

Legal Form                                            : Egyptian Joint Stock Company

Registration Date                                   : 13th October 2009

Commercial Registration Number            : 41589, Cairo

Tax Card Number                                   : 504-811-910

Issued Capital                                        : £E 2,000,000

Paid up Capital                                      : £E 2,000,000

Total Workforce                                     : 35

Activities                                               : Distribution of fertilizers, minerals, grains, oilseeds and petroleum

Financial Condition                                 : Fair

Payments                                             : Nothing detrimental uncovered

Operating Trend                                     : Steady

Person Interviewed                                 : Abdul Nabi Mohamed Ahmed, Finance Manager

COMPANY NAME

 

PLUS UNIVERSE FOR PROJECTS & TRADING SAE

 

 

DOING BUSINESS AS

 

(MFCG) MINERAL, FERTILIZERS & COMMODITIES GROUP

 

 

company ADDRESS

 

Registered & Physical Address

Street               : 4 Al Tayaran Street

Area                 : Nasr City

PO Box             : 11246

Town                 : Cairo

Country             : Egypt

Telephone         : (20-2) 24050808 / 24050810

Facsimile          : (20-2) 24050894

Mobile               : (20-100) 16333133

Email                : info@mfcg.co

 

Premises

Subject operates from a medium sized suite of offices and a warehouse that are rented and located in the Industrial Area of Cairo.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

 

·       Dr Ahmed Reda El Attar                                                                    Chairman

·       Abdulaziz Abul Ghaffar                                                                      Operations Manager

·       Abdul Nabi Mohamed Ahmed                                                             Finance Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 13th October 2009

 

Legal Form                  : Egyptian Joint Stock Company

 

Commercial Reg. No.  : 41589, Cairo

 

Tax Card No.               : 504-811-910

 

Issued Capital              : £E 2,000,000

 

Paid up Capital            : £E 2,000,000

 

Name of Shareholder (s)                                             

·       Dr Ahmed Reda El Attar

·       Members of Dr Ahmed Reda El Attar’s family

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of fertilizers, minerals, grains, oilseeds and petroleum.

 

Import Countries: Europe and the Far East.

 

Operating Trend: Steady

 

Subject has a workforce of 35 employees.

 

 

FINANCIAL DATA

 

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 26,400,000                           £E 30,000,000

 

Local sources consider subject’s financial condition to be Fair.

 

The above figures were provided by Mr Abdul Nabi Mohamed Ahmed, Finance Manager

 

 

BANKERS

 

·       Citibank

PO Box: 188

Cairo

Tel: (20-2) 33551877 / 33551874

Fax: (20-2) 33558056

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

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.61.28

UK Pound

1

Rs.99.03

Euro

1

Rs.83.80

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

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