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Report No. : |
321769 |
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Report Date : |
15.05.2015 |
IDENTIFICATION DETAILS
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Name : |
KASED KAREM FOR
IMPORT AND EXPORT |
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Registered Office : |
Mina Centre, Dermwas Dalga |
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Country : |
Egypt |
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Date of Incorporation : |
01.03.2014 |
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Com. Reg. No.: |
10044 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Engaged in the
import and distribution of dried foodstuffs, spices and pulses. |
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No. of Employee : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New company |
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Payment Behaviour : |
Unknown |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
EGYPT ECONOMIC OVERVIEW
Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. Egypt's economy was highly centralized during the rule of former President Gamal Abdel NASSER but opened up considerably under former Presidents Anwar EL-SADAT and Mohamed Hosni MUBARAK. Cairo from 2004 to 2008 pursued business climate reforms to attract foreign investment and facilitate growth. Poor living conditions and limited job opportunities for the average Egyptian contribute to public discontent, a major factor leading to the January 2011 revolution that ousted Mubarak. The uncertain political, security, and policy environment since 2011 caused economic growth to slow significantly, hurting tourism, manufacturing, and other sectors and pushing up unemployment. Weak growth and limited foreign exchange earnings have made public finances unsustainable, leaving authorities dependent on expensive borrowing for deficit finance and on Gulf allies to help cover the import bill.
|
Source
: CIA |
Company Name : KASED
KAREM FOR IMPORT AND EXPORT
Country of Origin : Egypt
Legal Form :
Sole Proprietorship
Registration Date : 1st
March 2014
Commercial Registration
Number : 10044
Tax Card Number : 468-901-566
Invested Capital :
£E 20,000
Total Workforce :
5
Activities :
Distributors of dried foodstuffs, spices and pulses.
Financial Condition : Undetermined
Payments :
Unknown
KASED KAREM FOR
IMPORT AND EXPORT
Location : Mina Centre, Dermwas
Town : Dalga
Country : Egypt
Mobile : (20-100) 5209849 / (20-111)
2120144
Email : kased.karem2015@gmail.com
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Dalga.
Name Position
·
Mohamed
Samir Mohamed Proprietor
& General Manager
Date of Establishment : 1st
March 2014
Legal Form :
Sole Proprietorship
Commercial
Reg. No. : 10044
Tax
Card No. : 468-901-566
Invested Capital
: £E 20,000
Mr Mohamed Samir
Mohamed is the sole proprietor of the business.
Activities: Engaged in the import and distribution of
dried foodstuffs, spices and pulses.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 5 employees.
Subject is a newly formed
business and as a result financial information is not currently available.
·
Alex
Bank
El Menia
Dalga
Tel: (20-86) 2652133
Unknown
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of
subject’s business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.84 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.88 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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 |
|
<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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.