MIRA INFORM REPORT

Report No. :	351229
Report Date :	02.12.2015

IDENTIFICATION DETAILS

Name :	TOP TANN ONE

Formerly Known As :	TAREK MOHAMED THABET MEKKY & CO

Registered Office :	24 Hamed Abd El Aziem Street, Omrania Gharbia, Giza, Cairo

Country :	Egypt

Financials (as on) :	31.12.2014

Year of Establishment:	2003

Legal Form :	Sole Proprietorship

Line of Business :	Subject is engaged in the import and distribution of chemicals used in the leather industry

No. of Employee :	6

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No complaints

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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SUMMARY

Company Name : TOP TANN ONE

Also Known As : TAREK MOHAMED THABET MEKKY & CO

Country of Origin : Egypt

Legal Form : Sole Proprietorship

Registration Date : 2003

Commercial Registration

Number : 153771

Tax Card Number : 674-971-345

Invested Capital : £E 20,000

Total Workforce : 6

Activities : Distributors of chemicals used in the leather industry

Financial Condition : Fair

Payments : No Complaints

Operating Trend : Steady

COMPANY NAME

TOP TANN ONE

ALSO KNOWN AS: TAREK MOHAMED THABET MEKKY & CO

ADDRESS

Registered & Physical Address

Street : 24 Hamed Abd El Aziem Street

Area : Omrania Gharbia, Giza

Town : Cairo

Country : Egypt

Telephone : (20-2) 23643915 / 23644135

Facsimile : (20-2) 23644135

Premises

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

KEY PRINCIPALS

Name Position

· Tarek Mohamed Thabet Mekky Proprietor & General Manager

LEGAL FORM & OWNERS

Date of Establishment : 2003

Legal Form : Sole Proprietorship

Commercial Reg. No. : 153771

Tax Card No. : 674-971-345

Invested Capital : £E 20,000

Mr Tarek Mohamed Thabet Mekky is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the import and distribution of chemicals used in the leather industry.

Import Countries: Finland, Belgium, Italy, Spain, Germany and Brazil

Operating Trend: Steady

Subject has a workforce of 6 employees.

FINANCIAL DATA

Financial highlights provided by local sources are given below:

Currency: Egyptian Pound (£E)

Year Ending 31/12/13: Year Ending 31/12/14:

Total Sales £E 8,110,000 £E 8,275,000

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

The above financial figures are based on estimations by our local sources.

BANKERS

· Arab Bank Plc

PO Box: 68

Cairo

Tel: (20-2) 33029069 / 33029070

Fax: (20-2) 33029068

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 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 :	KIN

Report Prepared by :	ASH

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%)

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