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Report No. : |
343458 |
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Report Date : |
07.10.2015 |
IDENTIFICATION DETAILS
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Name : |
TECHNICAL SUPPLY
CENTER |
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Registered Office : |
6 Zakaria Abdelaziz Street Mohandessin, Giza Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
1990 |
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Com. Reg. No.: |
132787, Cairo |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Engaged in the import
and distribution of stationery products, office machinery and related
accessories. |
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No. of Employee : |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Name : TECHNICAL
SUPPLY CENTER
Country of Origin : Egypt
Legal Form :
Sole Proprietorship
Registration Date : 1990
Commercial
Registration Number : 132787,
Cairo
Tax Card Number : 438-201-256
Invested Capital : £E 100,000
Total Workforce : 12
Activities :
Distributors of stationery products, office machinery and related
accessories.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Sayed Makawi,
Finance Manager
TECHNICAL SUPPLY
CENTER
Street : 6 Zakaria Abdelaziz Street
Area : Mohandessin, Giza
Town : Cairo
Country : Egypt
Telephone : (20-2) 33382045 / 33382046 / 33382047
/ 33382048
Facsimile : (20-2) 37603173
Mobile : (20-100) 2127200
Email : iyoussef@egyptonline.com / info@imcegypt.com
Please note that
the correct street number is 6 and not 19.
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Cairo.
Name Position
·
Mohamed
Sharif Eldine Youssef Proprietor
& General Manager
·
Hussain
Mohamed Sharf Assistant
General Manager
·
Sayed
Makawi Finance
Manager
Date of Establishment : 1990
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 132787,
Cairo
Tax
Card No. : 438-201-256
Invested Capital
: £E 100,000
Mr Mohamed Sharif
Eldine Youssef is the sole proprietor of the business.
·
International
Marketing Centre
3 Zakaria Abdelaziz Street
Mohandessin, Giza
Cairo
Tel: (20-2) 33382048
Fax: (20-2) 37603173
Activities: Engaged in the import and distribution of stationery
products, office machinery and related accessories.
Import
Countries: Spain, Germany
and Austria.
International
Suppliers:
·
Fabi Spain
·
Nova Germany
·
Bhale Germany
·
Rinar Germany
·
Trodat Austria
Operating Trend: Steady
Subject has a workforce
of 12 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 9,365,000 £E 10,000,000
Local sources
consider subject’s financial condition to be Fair.
The above figures
were provided by Mr Sayed Makawi, Finance Manager
·
National
Bank of Egypt
24 Sherif Street
Cairo
Tel: (20-2) 33924175
Fax:
(20-2) 33924143
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.65.39 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.73.19 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.