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Report No. : |
342041 |
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Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
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Name : |
ARAB SWISS CHEMICALS |
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Registered Office : |
19 Khalil El Arousy Street, Heliopolis, PO Box 16219, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1999 |
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Com. Reg. No.: |
2540 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the import and distribution
of chemicals used in the leather, textiles and paint industries. |
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No. of Employees : |
10 |
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 :
ARAB SWISS CHEMICALS
Country of Origin :
Egypt
Legal Form :
Limited Liability Partnership
Registration Date :
1999
Commercial Registration Number :
2540, Cairo
Tax Card Number :
200-170-392
Issued Capital :
£E 20,000,000
Paid up Capital :
£E 20,000,000
Total Workforce : 10
Activities :
Distributors of chemicals
Financial Condition :
Fair
Payments :
No Complaints
Operating Trend :
Steady
ARAB SWISS CHEMICALS
Registered & Physical
Address
Street : 19 Khalil El Arousy Street
Area : Heliopolis
PO Box : 16219
Town : Cairo
Country : Egypt
Telephone : (20-2) 26350739 / 26350737 / 26401489
Facsimile : (20-2) 26481335 / 26350580 / 26481302
Premises
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Cairo.
Name Position
Raouf Youssef Guirguis Managing
Partner
Ayman Ahmed Mohamed Emara Partner
Mohamed Khairy Ali Ali Moklaf Partner
Maher Karam General
Manager
Ahmed Awyda Finance
Manager
Medhat El-Sherif Import
Manager
Tarek Talaat Sales
Manager
Haitham Hassan Human
Resources Manager
Date of Establishment : 1999
Legal Form : Limited Liability
Partnership
Commercial Reg. No. : 2540, Cairo
Tax Card No. : 200-170-392
Issued Capital : £E 20,000,000
Paid up Capital : £E 20,000,000
Name of Partner
(s) Percentage
Raouf Youssef Guirguis 33.4%
Ayman Ahmed Mohamed Emara 33.3%
Mohamed Khairy Ali Ali Moklaf 33.3%
Activities: Engaged in the import and distribution
of chemicals used in the leather, textiles and paint industries.
Import Countries: Switzerland, Brazil,
Spain and Germany.
Operating Trend: Steady
Subject has a workforce of 10 employees.
Financial highlights provided by local sources are given below:
Currency: Egyptian Pounds (£E)
Year Ending 31/12/13: Year Ending 31/12/14:
Total Sales £E
5,210,000 £E
5,430,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Commercial International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box: 2430
Cairo
Tel: (20-2) 25703043
Fax: (20-2) 25703172 / 25072691
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.65.97 |
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|
1 |
Rs.101.19 |
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Euro |
1 |
Rs.73.37 |
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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Report Prepared
by : |
TPT |
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 |
-- |
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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.