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Report No. : |
350142 |
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Report Date : |
14.11.2015 |
IDENTIFICATION DETAILS
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Name : |
EL DAR EL BEIDA FOR CARTON PRODUCTION CO |
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Registered Office : |
7 El Set El Masreya Street, El Gomrok, El Manshia, Alexandria |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1995 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Subject is engaged in the manufacture of cardboard and corrugated
paper. |
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No. of Employees : |
220 |
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 : EL DAR EL BEIDA FOR CARTON PRODUCTION CO
Also Known As : DAR EL BEIDA FOR CARDBOARD INDUSTRY
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Registration Date : 1995
Commercial Registration Number : 135089, Alexandria
Tax Card Number : 329-594-478
Invested Capital : £E 100,000
Total Workforce : 220
Activities : Manufacturers of cardboard and corrugated paper.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mohamed Hassan Abd El Hamid Radwan, Assistant General Manager
EL DAR EL BEIDA FOR CARTON PRODUCTION CO
ALSO KNOWN AS: DAR EL BEIDA FOR
CARDBOARD INDUSTRY
Street : 7 El Set El
Masreya Street
Area : El Gomrok,
El Manshia
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4893702
Facsimile : (20-3) 4809864
Mobile : (20-122)
2183415 / (20-106) 6000400
Email : mohamedradwan7@yahoo.com
Subject operates from a large suite of offices that are rented and
located in the Central Business Area of Alexandria.
Branch Office (s)
Location Description
· Borg El Arab
Industrial City Factory
premises
3rd Industrial Zone,
Plot 2/6, Block No. 15
Alexandria
Tel: (20-3)
4592778
Fax: (20-3)
4592778
Name Position
· Hassan Abd El
Hamid Radwan Proprietor
& General Manager
· Mohamed Hassan Abd
El Hamid Radwan Assistant
General Manager
· Khaled Ali Mohamed Finance
Manager
· Azab Mahmoud Azab Factory
Manager
Date of
Establishment : 1995
Legal Form : Sole
Proprietorship
Commercial Reg.
No. : 135089, Alexandria
Tax Card No. : 329-594-478
Invested Capital : £E 100,000
Mr Hassan Abd El Hamid Radwan is the sole proprietor of the business.
· Printing House Co
Borg El Arab, 3rd
Industrial Zone
Block No 15, Plot
No 3
Alexandria
Activities: Engaged in the manufacture of cardboard and corrugated paper.
Import Countries: Austria
International
Suppliers:
· Roxel Austria
· Mayer Milinhof Austria
· Heinzal Austria
Operating Trend: Steady
Subject has a workforce of approximately 220 employees.
Financial highlights provided by local sources are given below:
Currency: Egyptian Pound (£E)
Year
Ending 31/12/13: Year Ending
31/12/14:
Total Sales £E
17,100,000 £E
18,335,000
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
19 Salah Salem Street
El Gomrok, El Manshia
Alexandria
Tel: (20-3) 4827995
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 business is considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
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UK Pound |
1 |
Rs.100.55 |
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Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
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Analysis Done by
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HEE |
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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 |
-- |
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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.