MIRA INFORM REPORT

 

 

Report No. :

352592

Report Date :

04.12.2015

 

IDENTIFICATION DETAILS

 

Name :

AMR HAMIDO SOKAR CO

 

 

Registered Office :

Samaha Land, Samnoud City, Gharbeya

 

 

Country :

Egypt

 

 

Year of Establishment :

1990

 

 

Com. Reg. No.:

1052

 

 

Legal Form :

Limited Liability Partnership

 

 

Line of Business :

Subject is engaged in the spinning of cotton, polyester and knitted fabrics.

 

 

No. of Employee :

45

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

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

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                                    : AMR HAMIDO SOKAR CO

Country of Origin                                   : Egypt

Legal Form                                           : Limited Liability Partnership

Registration Date                                  : 1990

Commercial Registration Number           : 1052

Issued Capital                                       : £E 200,000

Paid up Capital                                     : £E 200,000

Total Workforce                                     : 45

Activities                                               : Spinning of cotton, polyester and knitted fabrics.

Financial Condition                                : Fair

Payments                                             : No Complaints

Operating Trend                                    : Steady

 

 

COMPANY NAME

 

AMR HAMIDO SOKAR CO

 

 

ADDRESS

 

Registered & Physical Address

 

Location           : Samaha Land, Samnoud City

Town                : Gharbeya

Country             : Egypt

 

Telephone         : (20-40) 2961514

Facsimile          : (20-40) 2961514

Mobile              : (20-100) 5399927 / 1903908

Email                : amrosokar@hotmail.com

 

Premises

 

Subject operates from a medium sized suite of offices that are rented and located in the Central Business Area of Gharbeya.

 

Branch Office (s)

 

     Location                                                                                          Description

 

·       Entrance El Mehla-El Mansoura Road                                                Factory premises

Behbeh El Hejara Village

 

 

KEY PRINCIPALS

 

     Name                                                                                               Position

 

·       Amr Hamido Abdul Ghani Sokar                                                        Managing Partner

 

·       Hamido Abdul Ghani Sokar                                                               Partner

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 1990

 

Legal Form                  : Limited Liability Partnership

 

Commercial Reg. No.   : 1052

 

Issued Capital              : £E 200,000

 

Paid up Capital            : £E 200,000

 

Name of Shareholder (s)

 

·       Amr Hamido Abdul Ghani Sokar

 

·       Hamido Abdul Ghani Sokar

 

 

AFFILIATED COMPANIES

 

·       Hamido Abdul Ghani Sokar Est

     Samaha Land, Samnoud City

     Gharbeya

     CR No. 29927

 

·       Hamido Abdul Ghani Sokar for Textile

Samaha Land, Samnoud City

Gharbeya

CR No. 38541

 

 

OPERATIONS

 

Activities: Engaged in the spinning of cotton, polyester and knitted fabrics.

 

Import Countries: Europe and the Far East.

 

Operating Trend: Steady

 

Subject has a workforce of 45 employees.

 

 

FINANCIAL DATA

 

Financial highlights provided by local sources are given below:

 

Currency: Egyptian Pounds (£E)

 

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

 

Total Sales                                £E 10,880,000                           £E 11,000,000

 

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

 

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

 

 

BANKERS

 

·       National Bank of Egypt

Abdel Hay Khalil Street

Gharbeya

Tel: (20-40) 2230565

 

 

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.66.75

UK Pound

1

Rs.99.61

Euro

1

Rs.70.67

EGP

1

Rs. 8.53

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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.