MIRA
INFORM REPORT
|
Report Date : |
16th
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
BEST FOR FOOD INDUSTRIES |
|
|
|
|
Registered Office : |
Horse Race Course Street 3058, Khartoum, Sudan |
|
|
|
|
Country : |
Sudan |
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Engaged in the production of liquid and
powder juices |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
US$ 100,000 |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular
|
|
|
|
|
Litigation : |
Clear |
SUMMARY
|
Company Name |
BEST FOR FOOD INDUSTRIES |
|
Country of Origin |
Sudan |
|
Legal Form |
Sole Proprietorship |
|
Registration Date |
2000 |
|
Invested Capital |
SD 50,000,000 |
|
Total Workforce |
150 |
|
Line of Business |
Producers of liquid and powder juices. |
|
Financial Condition |
Undetermined |
|
Payments |
Nothing detrimental uncovered |
COMPANY NAME
BEST FOR FOOD INDUSTRIES
ADDRESS
Registered & Physical Address
Location : Horse Race Course Street
PO Box : 3058
Town : Khartoum
Country : Sudan
Telephone : (249-183) 442504 / 442503 / 444169
Facsimile : (249-183) 442509
Email : mgroup@hotmail.com
Premises
Subject operates from a large suite of offices and a factory that are owned and located in the Suburban Business Area of Khartoum.
KEY PRINCIPALS
Moawia Mohamed Ahmed Al Berier Proprietor & General Manager
Hesham Salah Assistant General Manager
Motaz Al Sanhouri Administration Manager
LEGAL FORM & OWNERS
Date of Establishment : 2000
Legal Form : Mouassasa Khassa (Sole Proprietorship)
Invested Capital : SD 50,000,000
Mr Moawia Mohamed Ahmed Al Berier is the sole proprietor of the business.
Note to the Legal Form
Commonly referred to as an establishment, the Company Law defines Mouassasa Khassa as the business of an individual where liability for all debts is unlimited. The business is the entire responsibility of its proprietor, who is liable for all its debts to the extent of his entire wealth. There are no legal requirements concerning the amount of capital of a sole proprietor.
AFFILIATED COMPANIES
Oranga for Juice & Foodstuff Packing Ltd
New Industrial Area, Sibag El Khalil
PO Box : 3058
Khartoum
Tel : (249-183) 442508
Fax : (249-183) 442509
Saoud Mamoun El Berier Group of Companies
Al Baraka Tower, 2nd Floor
Kasr Street
PO Box : 2157
Khartoum
Tel : (249-183) 770630
Fax : (249-183) 781541
Omdurman Co For Production Of Soap & Chemicals
Al Baraka Tower, 2nd Floor, Flat No. 503
Kasr Street
PO Box: 2157
Khartoum
Tel: (249-183) 784222 / 774239
Fax: (249-183) 781541
Mamoun El Berier Food Industries Ltd
PO Box : 2157
Khartoum
Tel : (249-183) 778081
Fax : (249-183) 785914
LINE OF BUSINESS
Operations :
Engaged in the production of liquid and powder juices.
Import Countries : Europe and the Far East.
Brand Names : ORANGA
Subject has a workforce of 150 employees.
FINANCIAL HIGHLIGHTS
Companies registered in Sudan are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.
BANKERS
Omdurman National Bank
PO Box : 11522
El Kasr Street
Khartoum
Tel : (249-183) 770400
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Established in 2000, subject is owned and managed by Mr Moawia Mohamed Ahmed Al Berier who is well respected in the local business community.
Local sources report that the subject’s operating history is clear with payment obligations met in a generally timely manner.
Maximum suggested credit figure: US$ 100,000
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |