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Report No. : |
348963 |
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Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
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Name : |
NOUR GROUP
INTERNATIONAL |
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Registered Office : |
60A Nageeb El Rihany Street Attaba Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
1978 |
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Com. Reg. No.: |
14691, Cairo |
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Legal Form : |
General
Partnership |
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Line of Business : |
Engaged in the import, wholesale and retail of auto spare parts and
related accessories. |
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No. of Employee : |
15 |
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 |
|
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 : NOUR GROUP
INTERNATIONAL
Country of Origin : Egypt
Legal Form :
General Partnership
Registration Date : 1978
Commercial
Registration Number : 14691,
Cairo
Tax Card Number : 244-501-335
Partners Capital : £E 25,000
Total Workforce :
15
Activities :
Import, wholesale and retail of auto spare parts and
related accessories.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Mohamed Farooq,
Sales Manager
NOUR GROUP
INTERNATIONAL
Street : 60A
Nageeb El Rihany Street
Area : Attaba
Town : Cairo
Country : Egypt
Telephone : (20-2) 25923433 / 25920464 / 25927337
Facsimile : (20-2) 25926569 / 25880212 /
22757170
Mobile : (20-12) 3187530 / (20-100)
8149955
Email : nourtradeco@yahoo.com
/ nourgroup10@yahoo.com
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Cairo.
Branch Office
(s)
Location Description
·
22
Fouad Badawani Rented
store & warehouse
Nasr City
Cairo
Name Position
·
Mohamed Nour Eddine Ali Ahmed Managing
Partner
·
Abdulrahim Nour Eddine Ali Ahmed Partner
·
Ibrahim Abdul Wahab Assistant
General Manager
·
Mohamed Farooq Sales
Manager
Date of Establishment : 1978
Legal Form :
General Partnership
Commercial Reg. No. : 14691, Cairo
Tax Card No. : 244-501-335
Partners Capital
: £E 25,000
Name of Partners
·
Mohamed Nour Eddine Ali Ahmed
·
Abdulrahim Nour Eddine Ali Ahmed
·
Nourex
Co
55 Naguib El Rihani Street
Cairo
Tel: (20-2) 25920464
Fax: (20-2) 25880212
·
Alfa
Nour Co
57 Naguib El Rihani Street
Cairo
Tel: (20-2) 25927337
Fax: (20-2) 22757170
Activities: Engaged in the import,
wholesale and retail of auto spare parts and related accessories.
Import
Countries: India, Brazil,
Turkey and Taiwan
International
Suppliers:
·
TVS India
·
Frenza Brazil
·
ARKILA Turkey
·
Alpha Nour Turkey
·
Green Life Taiwan
Operating Trend: Steady
Subject has a
workforce of 15 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 9,050,000 £E 9,180,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Misr
International Bank (MIBANK)
14 Alfy Street
PO Box: 631
Cairo
Tel: (20-2) 35931002
Fax: (20-2) 35912306
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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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 |
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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 |
-- |
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.