|
Report No. : |
345501 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AQUA TECHNOLOGY
DEVELOPMENT |
|
|
|
|
Registered Office : |
4 Maarouf Street 1232 Cairo 11511 |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Date of Incorporation : |
01.04.2014 |
|
|
|
|
Com. Reg. No.: |
74210 |
|
|
|
|
Legal Form : |
Egyptian Joint
Stock Company |
|
|
|
|
Line of Business : |
Subject is engaged in the
import and distribution of swimming pools as well as the purification and
disinfection of water. |
|
|
|
|
No. of Employee : |
7 |
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 |
Company Name : AQUA
TECHNOLOGY DEVELOPMENT
Country of Origin : Egypt
Legal Form : Egyptian
Joint Stock Company
Registration Date : 1st
April 2014
Commercial
Registration Number : 74210
Issued Capital : £E
250,000
Paid up Capital : £E
250,000
Total Workforce : 7
Activities :
Distributors of swimming pools as well as the purification and ` disinfection of water.
Financial Condition : Undetermined
Payments :
Unknown
AQUA TECHNOLOGY
DEVELOPMENT
Location : 4 Maarouf Street
PO Box : 1232
Town : Cairo 11511
Country : Egypt
Telephone : (20-2) 25746348 / 25745961
Facsimile : (20-2) 25778102
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Cairo.
Name Position
·
Mostafa
Mohamed Mostafa Waly Chairman
·
Mina
Hana Finance
Manager
Date of Establishment : 1st
April 2014
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 74210
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
·
Mostafa
Mohamed Mostafa Waly
·
Petroleum
& Industrial Consultants
Cairo
Activities: Engaged in the import and distribution of
swimming pools as well as the purification and disinfection of
water.
Import
Countries: Europe and the
Far East
Agencies Held:
·
Hilton
Pyramids Resort Egypt
Subject has a
workforce of 7 employees.
Subject is a newly
formed business and as a result financial information is not currently
available.
·
Qatar
National Bank Al Ahli
Main Branch
Cairo
Unknown
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.65.15 |
|
|
1 |
Rs.100.53 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
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 |
|
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.