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Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
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Name : |
FIRAS SAADULLAH EL ROUH & PARTNER |
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Registered Office : |
New Industrial Area, Borg El Arab, Plot 16-17, Alexandria |
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Country : |
Egypt |
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Date of Incorporation : |
01.09.2013 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the manufacture and processing of ink for printing for cartons, plastic flexo and roto printing. |
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No of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Egypt |
B1 |
B1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 growth. Poor living conditions combined with limited job opportunities for the average Egyptian contribute to public discontent. After unrest erupted in January 2011, the Egyptian Government backtracked on economic reforms, drastically increasing 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 were among the hardest hit sectors of the Egyptian economy, pushing up unemployment levels, and economic growth remains slow amid political uncertainty, government transitions, unrest, and cycles of violence. Cairo since 2011 has drawn down foreign exchange reserves and depended on foreign assistance, particularly from Gulf countries, to finance imports and energy products and prevent further devaluation of the Egyptian pound, fearing higher inflation from a weaker currency
|
Source
: CIA |
Company Name : FIRAS SAADULLAH EL ROUH & PARTNER
Also Known As : DIAMOND INK
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1st September 2013
Issued Capital : £E 5,000,000
Paid up Capital : £E 5,000,000
Total Workforce : 8
Activities : Manufacture and processing of ink for printing for cartons, plastic flexo
and roto printing.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Firas Saadullah El Rouh, Managing Partner
COMPANY NAME: FIRAS SAADULLAH EL ROUH & PARTNER
ALSO KNOWN AS: DIAMOND INK
Location : New Industrial Area, Borg El Arab,
Plot 16-17
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4596399
Facsimile : (20-3) 4596299
Mobile : (20-10) 67666325
Email : firas@diamonds-ink.net / falrouh@hotmail.com
Subject operates
from a small suite of offices and a factory that are rented and located in the
Industrial Area of Alexandria.
Name Position
·
Firas
Saadullah El Rouh Managing
Partner
·
Dr
Manal Hamroosh Partner
·
Riyad
Ghalyounji Partner
Date of Establishment : 1st
September 2013
Legal Form :
Limited Liability
Partnership
Issued Capital : £E 5,000,000
Paid up Capital : £E 5,000,000
·
Firas
Saadullah El Rouh
·
Dr
Manal Hamroosh
·
Riyad
Ghalyounji
Activities: Engaged in the manufacture and processing of
ink for printing for cartons, plastic flexo and roto printing.
Import
Countries: Europe and India
International Suppliers:
·
ABC
Chemicals India
Subject has a
workforce of 8 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
Bank of
Alexandria
6 Salah Salem Street
Alexandria
Tel: (20-3) 4824056
No complaints
regarding subject’s payments have been reported.
In view of subject’s
infancy, extensive payment and financial are not available, therefore dealings
are recommended to be on secured terms, and a close monitoring of subject’s
business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.33 |
|
|
1 |
Rs. 99.18 |
|
Euro |
1 |
Rs. 80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
DPT |
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.