MIRA INFORM REPORT

Report No. :	342548
Report Date :	01.10.2015

IDENTIFICATION DETAILS

Name :	2S SABER SALAH IMPORT & EXPORT
Registered Office :	77 Ramsis Street, Cairo
Country :	Egypt
Date of Incorporation :	January 2015
Com. Reg. No.:	85160, Cairo
Legal Form :	Sole Proprietorship
Line of Business :	Subject is engaged in the import and distribution of automotive spare parts.
No. of Employees :	8

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
-	NB	New Business	-

Status :	New Business
Payment Behaviour :	Unknown
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

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SUMMARY

Company Name : 2S SABER SALAH IMPORT & EXPORT

Country of Origin : Egypt

Legal Form : Sole Proprietorship

Registration Date : January 2015

Commercial Registration Number : 85160, Cairo

Tax Card Number : 487-177-630

Invested Capital : £E 10,000

Total Workforce : 8

Activities : Distributors of automotive spare parts.

Financial Condition : Undetermined

Payments : Unknown

COMPANY NAME

2S SABER SALAH IMPORT & EXPORT

ADDRESS

Registered & Physical Address

Location : 77 Ramsis Street

Town : Cairo

Country : Egypt

Mobile : (20-111) 4193535

Email : saber_misr@yahoo.com

Premises

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

· 29 El Zafer Street Warehouse premises

Shoubra

Cairo

Tel: (20-2) 25766696

KEY PRINCIPALS

Name Position

· Saber Salah Din Saber Proprietor

· Mohamed Saber Salah Din Saber General Manager

LEGAL FORM & OWNERS

Date of Establishment : January 2015

Legal Form : Sole Proprietorship

Commercial Reg. No. : 85160, Cairo

Tax Card No. : 487-177-630

Invested Capital : £E 10,000

Mr Saber Salah Din Saber is the sole proprietor of the business.

AFFILIATED COMPANIES

· SS Company (Saber Salah Din Saber)

Ramsis Street

Cairo

CR No. 339784

OPERATIONS

Activities: Engaged in the import and distribution of automotive spare parts.

Import Countries: India and China

International Suppliers:

· Morse India

Agencies Held:

· Dooson China

· Silcone China

Subject has a workforce of 8 employees.

FINANCIAL DATA

Subject is a newly formed business and as a result financial information is not currently available.

BANKERS

· Cairo Far East Bank SAE

PO Box: 757

Cairo

Tel: (20-2) 33713554 / 33710280

Fax: (20-2) 33483818

PAYMENT HISTORY

Unknown

GENERAL COMMENTS

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.65.74
UK Pound	1	Rs.99.53
Euro	1	Rs.73.80

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	VNT

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
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
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
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.