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Report No. : |
352909 |
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Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
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Name : |
AHMED MOHAMED ABD EL GHANY SALEM & PARTNER |
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Registered Office : |
Al Nahda Street, Al Afrangy District, El Sharq, Port Said |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
18.05.1961 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Subject is engaged in the import and distribution of textiles and
fabrics for ladies clothing. |
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No. of Employee : |
8 |
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 MOHAMED ABD EL GHANY SALEM &
PARTNER
Also Known As : ABD EL GHANY SALEM & SONS (SALEM SHOP)
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 18th May 1961
Commercial Registration Number : 14999
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Total Workforce : 8
Activities : Distributors of textiles and fabrics for ladies clothing
Financial Condition : Fair
Payments :
No
complaints
Operating Trend : Steady
AHMED MOHAMED ABD EL GHANY SALEM & PARTNER
ALSO KNOWN AS: ABD EL GHANY SALEM
& SONS (SALEM SHOP)
Street : Al Nahda
Street
Area : Al Afrangy
District, El Sharq
Town : Port Said
Country : Egypt
Telephone : (20-66) 224372
/ 238479
Facsimile : (20-66) 235371
Email : salem_shop@hotmail.com
Please note that the above address is correct, the subject had no
knowledge of the address “Free Zone, Intransit Cif Cairo Airport Intrasit to
Port Said”.
Subject operates from a small suite of offices and a showroom that are
rented and located in the Central Business Area of Port Said.
Name Position
· Ahmed Mohamed Abd El
Ghany Salem Managing
Partner
· Ali Ahmed Mohamed
Abd El Ghany Salem Partner
· Abdo Ahmed Mohamed
Abd El Ghany Salem Partner
Date of
Establishment : 18th
May 1961
Legal Form : Limited Liability
Partnership
Commercial Reg. No. : 14999
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
· Ahmed Mohamed Abd
El Ghany Salem
· Ali Ahmed Mohamed
Abd El Ghany Salem
· Abdo Ahmed Mohamed
Abd El Ghany Salem
· Ahmed Mohamed Abd El
Ghany Salem
Orabi Street
Port Said
CR No. 21028
Activities: Engaged in the import and distribution of textiles and fabrics for
ladies clothing.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 8 employees.
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
7,100,000 £E
7,280,000
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
52 El Gomhouria
Street
Port Said
Tel: (20-66)
224816 / 226637
Fax: (20-66)
327008
No complaints regarding subject’s payments have been reported.
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.66.84 |
|
|
1 |
Rs.101.04 |
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Euro |
1 |
Rs.73.05 |
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EGP |
1 |
Rs.8.50 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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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 |
-- |
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.