MIRA INFORM REPORT

Report No. :	354397
Report Date :	16.12.2015

IDENTIFICATION DETAILS

Name :	ODIBA TEXTILES DYEING & FINISHING

Registered Office :	3^rd Industrial Zone A1, Piece No. XIID 10^th of Ramadan City

Country :	Egypt

Date of Incorporation :	2000

Com. Reg. No.:	1375, 10^th of Ramadan City

Legal Form :	Sole Proprietorship

Line of Business :	Subject is engaged in the manufacture, processing, dyeing and finishing of textiles.

No. of Employee :	250

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 : ODIBA TEXTILES DYEING & FINISHING

Country of Origin : Egypt

Legal Form : Sole Proprietorship

Registration Date : 2000

Commercial Registration Number : 1375, 10^th of Ramadan City

Invested Capital : £E 1,000,000

Total Workforce : 250

Activities : Manufacture, processing, dyeing and finishing of textiles

Financial Condition : Undetermined

Payments : Nothing detrimental uncovered

Person Interviewed : Mutaz Nassar, Assistant General Manager

COMPANY NAME

ODIBA TEXTILES DYEING & FINISHING

ADDRESS

Registered & Physical Address

Location : 3^rd Industrial Zone A1, Piece No. XIID

Town : 10^th of Ramadan City

Country : Egypt

Telephone : (20-15) 411117

Facsimile : (20-15) 411119

Mobile : (20-122) 642222 / 1299088

Email : odiba.egypt@gmail.com

Premises

Subject operates from a large suite of offices and a factory that are rented and located in the Industrial Area of 10^th of Ramadan City.

KEY PRINCIPALS

Name Position

· Zaki Gaffar El Ghaithy Proprietor & General Manager

· Sulaiman Assal Finance Manager

· Mutaz Nassar Assistant General Manager

LEGAL FORM & OWNERS

Date of Establishment : 2000

Legal Form : Sole Proprietorship

Commercial Reg. No. : 1375, 10^th of Ramadan City

Invested Capital : £E 1,000,000

Mr Zaki Gaffar El Ghaithy is the sole proprietor of the business.

OPERATIONS

Activities: Engaged in the manufacture, processing, dyeing and finishing of textiles.

Subject has a workforce of approximately 250 employees.

FINANCIAL DATA

Companies registered in Egypt are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

BANKERS

· Commercial International Bank (CIB)

City Centre, Plot No. 8

10^th of Ramadan City

Tel: (20-15) 367294

Fax: (20-15) 367915

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.67.04
UK Pound	1	Rs.101.67
Euro	1	Rs.73.93
UAE Dh	1	Rs.18.21

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

INFORMATION DETAILS

Analysis Done by :	KAR

Report Prepared by :	ANK

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.