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Report No. : |
347533 |
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Report Date : |
04.11.2015 |
IDENTIFICATION DETAILS
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Name : |
TERRA FOR IMPORT
& EXPORT |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2014 |
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Year of Establishment : |
2006 |
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Com. Reg. No.: |
22696643, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Import,
Distribution and Installation of Sanitary Ware, Tiles and Ceramics. |
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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) |
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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 : TERRA FOR IMPORT & EXPORT
Country of Origin : Egypt
Legal Form :
Limited Liability Partnership
Registration Date : 2006
Commercial Registration
Number : 22696643, Cairo
Tax Card Number : 259-612-057
Issued Capital : £E
100,000
Paid up Capital : £E
100,000
Total Workforce : 45
Activities :
Distributors of sanitary ware, tiles and ceramics
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Marwan
Abdullatif, Logistic Officer
TERRA FOR IMPORT
& EXPORT
Street : 5 El Nakhil Street, off El-Batal
Ahmed Abdel Aziz Street
Area : Mohandiseen, Giza
Town : Cairo
Country : Egypt
Telephone : (20-2) 33357111
Email : logistics@terra-egypt.com
Subject operates
from a medium sized suite of offices and a showroom that are rented and located
in the Central Business Area of Cairo.
Branch Offices
Location Description
·
90
Street Showroom
premises
5th Settlement
Cairo
Name Position
·
Khalid
Shoukri Managing
Partner
·
Kamal
Zaki Partner
·
Thamer
Fouzi General
Manager
·
Ayman
Mostafa Sales
Manager
·
Marwan
Abdullatif Logistic
Officer
Date of Establishment : 2006
Legal Form :
Limited Liability
Partnership
Commercial
Reg. No. : 22696643, Cairo
Tax
Card No. : 259-612-057
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
·
Khalid
Shoukri
·
Kamal
Zaki
Activities: Engaged in the import, distribution and
installation of sanitary ware, tiles and ceramics.
Import
Countries: Spain and Italy
International Suppliers:
·
Cotto Italy
·
Seazer Italy
·
Eco Ceramic Spain
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 15,875,000 £E 16,120,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Arab
Bank Plc
PO Box: 68
Cairo
Tel: (20-2) 33029069 / 33029070
Fax: (20-2) 33029068
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.65.45 |
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|
1 |
Rs.100.96 |
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Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.