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Report No. : |
344333 |
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Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
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Name : |
UNITED COMPANY
FOR PAPER AND BOARD SAE (UNIBOARD) |
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Registered Office : |
8 Seboya El Masry Nasr City Cairo |
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Country : |
Egypt |
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Date of Incorporation : |
05.03.2009 |
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Com. Reg. No.: |
37481 |
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Legal Form : |
Egyptian Joint
Stock Company |
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Line of Business : |
Subject is engaged in
the manufacture of paper, cardboard, carton and related packaging solutions. |
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No. of Employee : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name : UNITED COMPANY
FOR PAPER AND BOARD SAE (UNIBOARD)
Also Known As : AL
MOUTAHEDA PAPER & BOARD INDUSTRIES
Country of Origin : Egypt
Legal Form :
Egyptian Joint Stock Company
Registration Date : 5th
March 2009
Commercial
Registration Number : 37481
Tax Card Number : 310-784-808
Authorised Capital : £E
200,000,000
Issued Capital : £E
120,250,000
Paid up Capital : £E
120,250,000
Total Workforce : 30
Activities :
Manufacturers of paper, cardboard, carton and related packaging solutions.
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
UNITED COMPANY FOR
PAPER AND BOARD SAE (UNIBOARD)
AL MOUTAHEDA PAPER
& BOARD INDUSTRIES
Street : 8 Seboya El Masry
Area : Nasr City
Town : Cairo
Country : Egypt
Telephone : (20-2) 28120466
Facsimile : (20-2) 21826215
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Cairo.
Branch Office
(s)
Location Description
·
63 Misr
Ismailia Desert Road Office
premises
New Nozha
Guesr Suez
Cairo
Tel: (20-2) 26637980
·
Plot B Factory
premises
South of Industrial Area
Sadat City
Menoufeya
Name Position
·
Ibrahim
Mohamed El Moalem Chairman
·
Sherif
Ibrahim Mohamed El Moalem Managing
Director
·
Marian
Ramzy Ghaly Director
Date of Establishment : 5th
March 2009. Production began during the 2nd quarter of 2015.
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 37481
Tax Card No. : 310-784-808
Authorised
Capital : £E 200,000,000
Issued Capital : £E 120,250,000
Paid up Capital : £E 120,250,000
·
Ibrahim
Mohamed El Moalem
·
Sherif
Ibrahim Mohamed El Moalem
·
Marian
Ramzy Ghaly
·
Shorouk
for Modern Printing & Packaging
·
Youssef
Allam & Co
Activities: Engaged in the manufacture of paper,
cardboard, carton and related packaging solutions.
Import
Countries: Europe and the
Far East.
Export
Countries: Europe
Subject has a
workforce of 30 employees.
Companies
registered in Egypt are not legally required to make their accounts public and
no financial information was released by the company or submitted by outside
sources.
·
Banque
Misr
151 Mohamed Farid Street
Cairo
Tel: (20-2) 33912711 / 33912106
Fax: (20-2) 33919779
·
Export
Development Bank of Egypt
108 Mohi El Din Abu El Ezz Street
Mohandessin
Cairo 11111
Tel: (20-2) 33619005 /
33385877
Fax: (20-2) 33385940 /
33385938
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.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
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|
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Report Prepared
by : |
ANK |
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 |
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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 |
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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 |
|
<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.