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Report No. : |
352593 |
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Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
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Name : |
AHMED MAHMOUD IBRAHIM EL GEZLA FOR IMPORT AND EXPORT |
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Registered Office : |
79 El Mahla El Kobra School Street, Abo Shahin, El Mahla El Kobra |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
2007 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject is engaged in the import and distribution of
threads, cotton, yarns and fabrics. |
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No. of Employee : |
4 |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Egypt |
B2 |
B2 |
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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 |
Company Name : AHMED MAHMOUD IBRAHIM EL GEZLA FOR IMPORT
AND
EXPORT
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 2007
Commercial Registration Number : 12382
Invested Capital : £E 80,000
Total Workforce : 4
Activities : Distributors of threads, cotton, yarns and fabrics
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
AHMED MAHMOUD IBRAHIM EL GEZLA FOR IMPORT AND EXPORT
Street :
79 El Mahla El Kobra School Street
Area :
Abo Shahin
Town :
El Mahla El Kobra
Country :
Egypt
Mobile :
(20-100) 1406650
Email : elgezla@gmail.com
Please note that the above address is correct, “79 El Mahala
El Kobra Sohood Stabo Shalin” is incorrect.
Subject operates from a small suite of offices that are rented
and located in the Central Business Area of El Mahla El Kobra.
Name Position
· Ahmed
Mahmoud Ibrahim Mahmoud El Gezla Proprietor
& General Manager
Date
of Establishment : 2007
Legal
Form : Sole Proprietorship
Commercial
Reg. No. : 12382
Invested Capital : £E
80,000
Mr Ahmed Mahmoud Ibrahim Mahmoud El Gezla is the sole
proprietor of the business.
· Mahmoud
Ibrahim El Gezla & Partner (El Gezla for Textile)
17 El Mansoura Street, El Mahla El Kobra
Tel: (20-40) 2382628
Fax: (20-40) 2383803
Mob: 100-6850060 / 106-685060
Email:
info@elgezlatex.com
/ sales@elgezlatex.com
Activities: Engaged in the import and distribution
of threads, cotton, yarns and fabrics.
Import Countries: India
International Suppliers:
· Sitiram
India
Operating Trend: Steady
Subject has a workforce of 4 employees.
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
6,100,000 £E
6,385,000
Local sources consider subject’s financial condition to be
Fair.
The above financial figures are based on estimations by our
local sources.
·
National Bank of Egypt
Abdel Hai Khalil Street
El Mahala El Kobra
Gharbeya
Tel: (20-40) 2230565 / 2245127
Fax:
(20-40) 2234065
No complaints regarding subject’s payments have been
reported.
Local sources report that the subject’s operating history is
clear with payment obligations met in a generally timely manner. The financial
position is satisfactory and the business is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.66.75 |
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1 |
Rs.99.61 |
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Euro |
1 |
Rs.70.67 |
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Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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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.