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Report No. : |
344151 |
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Report Date : |
14.10.2015 |
IDENTIFICATION DETAILS
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Name : |
EMA CHEMICALS FOR IMPORT AND EXPORTS AND CHEMICALS INDUSTRIES |
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Registered Office : |
Industrial Zone C1, Piece XIIB 10th of Ramadan City |
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Country : |
Egypt |
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Date of Incorporation : |
16.04.2003 |
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Com. Reg. No.: |
6897, 10th Of Ramadan |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Subject is engaged in
the manufacture of chemicals for textiles and surface treatments. |
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No. of Employee : |
20 |
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 : EMA CHEMICALS
FOR IMPORT AND EXPORTS AND CHEMICALS
INDUSTRIES
Country of Origin : Egypt
Legal Form :
Sole Proprietorship
Registration Date : 16th
April 2003
Commercial
Registration Number : 6897, 10th
Of Ramadan
Invested Capital : £E 25,000
Total Workforce : 20
Activities :
Manufacture of chemicals for textiles and surface treatments
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Emad Ibrahim
Ameen, Proprietor
EMA CHEMICALS FOR
IMPORT AND EXPORTS AND CHEMICALS INDUSTRIES
Location : Industrial Zone C1, Piece XIIB
Town : 10th of Ramadan City
Country : Egypt
Telephone : (20-15) 356027
Facsimile : (20-15) 356037
Mobile : (20-100) 1616160 /
(20-128) 3390900
Email : emad@emaegypt.com
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of the 10th of Ramadan City.
Name Position
·
Emad Ibrahim Ameen Proprietor
& General Manager
·
Sayed El Halawani Assistant
General Manager
Date of Establishment : 16th
April 2003
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 6897, 10th
Of Ramadan
Invested Capital
: £E 25,000
Mr Emad Ibrahim
Ameen is the sole proprietor of
the business.
Activities: Engaged in the manufacture of chemicals for
textiles and surface treatments.
Import
Countries: Finland,
Netherlands and the United States of America.
International
Suppliers:
·
Genencor International Finland
·
Bennex International United
States of America
·
Elements Chemicals Netherlands
Operating Trend: Steady
Subject has a
workforce of 20 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 70,280,000 £E 75,000,000
Local sources consider
subject’s financial condition to be Fair.
The above figures
were provided by Mr Emad Ibrahim Ameen, Proprietor
·
Housing
& Development Bank
1st District, El Sharkeya
10th of Ramadan City
Tel: (20-15) 364358
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.65.02 |
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|
1 |
Rs.99.89 |
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Euro |
1 |
Rs.73.92 |
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.