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Report No. : |
354193 |
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Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ROTO STAR |
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Registered Office : |
Block No.1, Piece 3, Second Industrial Zone, New Borg El
Arab City Alexandria |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1996 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Subject engaged in the provision of printing services
specialising in rotogravure and flexographic technologies. Subject is
ISO 9001 accredited. |
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No. of Employee : |
45 |
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) |
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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 :
ROTO STAR
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 1996
Commercial Registration Number : 5552, Cairo
Issued Capital : £E 30,000,000
Paid up Capital : £E 30,000,000
Total Workforce : 45
Activities : Providers of printing services
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Riad Kalounaji, Chairman
ROTO STAR
Location :
Block No.1, Piece 3, Second Industrial Zone, New Borg El Arab City
Town :
Alexandria
Country :
Egypt
Telephone :
(20-3) 4626243 / 4590743 / 4590744
Facsimile :
(20-3) 2626054 / 4590755
Email : service@roto-star.com
Subject operates from a medium sized suite of offices that
are rented and located in the Industrial Area of Alexandria.
Name Position
· Riad
Kalounaji Chairman
· George
Kalounaji Managing
Director
· Emad
Kalounaji Director
Date
of Establishment : 1996
Legal
Form : Egyptian
Joint Stock Company
Commercial
Reg. No. : 5552,
Cairo
Issued Capital : £E
30,000,000
Paid up Capital :
£E 30,000,000
· Riad
Kalounaji
· George
Kalounaji
· Emad
Kalounaji
Activities: Engaged in the provision of printing
services specialising in rotogravure and flexographic technologies.
Subject is ISO 9001 accredited.
Import Countries: Europe and the Far East
Operating Trend: Steady
Subject has a workforce of 45 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
15,880,000 £E
16,410,000
Local sources consider subject’s financial condition to be
Fair.
The above financial figures are based on estimations by our
local sources.
·
Bank of Alexandria
6
Salah Salem Street
Alexandria
Tel:
(20-3) 4824056
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 company is deemed a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
EGP |
1 |
Rs.8.55 |
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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KIN |
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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.