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Report No. : |
354193 |
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Report Date : |
16.12.2015 |
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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Com. Reg. No.: |
5552 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Engaged in the provision of printing services specializing in
rotogravure and flexographic technologies. |
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No. of Employees : |
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) |
|
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
Registered &
Physical Address
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
Premises
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
Name of
Shareholder (s)
Riad Kalounaji
George Kalounaji
Emad Kalounaji
Activities: Engaged in the provision of printing services specializing 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.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.93 |
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EGP |
1 |
Rs.8.54 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
AMR |
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Report Prepared
by : |
TPT |
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.