MIRA INFORM REPORT

 

 

Report No. :

351231

Report Date :

02.12.2015

 

IDENTIFICATION DETAILS

 

Name :

FAHMY MUSTAFA IBRAHIM YOUNIS

 

 

Registered Office :

58 Wabor El Nour Street, Samnound City, Gharbia

 

 

Country :

Egypt

 

 

Year of Establishment :

1998

 

 

Com. Reg. No.:

24231, Gharbia

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Import and distribution of textile products and machinery.

 

 

No. of Employees :

1

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Egypt

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SUMMARY

 

Company Name                                    : FAHMY MUSTAFA IBRAHIM YOUNIS

Country of Origin                                   : Egypt

Legal Form                                           : Sole Proprietorship

Registration Date                                  : 1998

Commercial Registration Number           : 24231, Gharbia

Invested Capital                                    : £E 10,000

Total Workforce                                     : 1

Activities                                               : Distributors of textile products and machinery

Financial Condition                                : Undetermined

Payments                                             : Unknown

 

COMPANY NAME

 

FAHMY MUSTAFA IBRAHIM YOUNIS

 

 

ADDRESS

 

Registered & Physical Address

 

Street               : 58 Wabor El Nour Street

Area                 : Samnound City

 

Town                : Gharbia

Country             : Egypt

 

Premises

 

Subject operates from a small suite of offices that are rented and located in the Central Business Area of Gharbia.

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Fahmy Mustafa Ibrahim Younis                                                         Proprietor & General Manager

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1998

 

Legal Form                  : Sole Proprietorship

 

Commercial Reg. No.   : 24231, Gharbia

 

Invested Capital           : £E 10,000

 

Mr Fahmy Mustafa Ibrahim Younis is the sole proprietor of the business.

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of textile products and machinery.

 

Import Countries: Europe and the Far East

 

Subject has a workforce of 1 employee.

 

 

FINANCIAL DATA

 

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.

 

 

BANKERS

 

·       Bank of Alexandria

6 Salah Salem Street

Alexandria

Tel: (20-3) 4824056

 

 

PAYMENT HISTORY

 

Unknown

 

 

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 business is considered to be a fair trade risk.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.52

UK Pound

1

Rs.100.44

Euro

1

Rs.70.44

EGP

1

Rs.8.50

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIT

 

               


 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.