MIRA
INFORM REPORT
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Report Date : |
29th
December, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ALFAYROUZ CO FOR TRADE |
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Registered Office : |
2 Al
Salam Al Istismary Building, 2nd Floor, Flat No. 22, Nasr City,
Cairo, Egypt |
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Country : |
Egypt |
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Date of Incorporation : |
1992 |
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Legal Form : |
Sharikat
Tadhamun Bill Asshum (Limited Liability Partnership) |
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Line of Business : |
Importer
and Distributor of general foodstuff products. |
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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Maximum Credit Limit : |
US$
100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
SUMMARY
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Company
Name |
ALFAYROUZ CO FOR TRADE |
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Country
of Origin |
Egypt |
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Legal
Form |
Limited Liability Partnership |
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Registration
Date |
1992 |
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Issued
Capital |
£E 150,000 |
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Paid
up Capital |
£E 150,000 |
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Total
Workforce |
9 |
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Line
of Business |
Distributors of general foodstuff products. |
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Financial
Condition |
Fair |
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Payments |
Nothing detrimental uncovered |
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Operating
Trend |
Steady |
COMPANY NAME
ALFAYROUZ
CO FOR TRADE
ADDRESS
Registered & Physical Address
Building : 2 Al Salam Al Istismary Building,
2nd Floor, Flat No. 22
Area : Nasr City
Town : Cairo
Country : Egypt
Telephone : (20-2) 4021426
Facsimile : (20-2) 4044917
Email : alfayrouz_eg@yahoo.com
Premises
Subject
operates from a small suite of offices that are rented and located in the
Central Business Area of Cairo.
Branch Office (s)
Location Description
· 11 Osman Amin Street Rented
warehouse premises
Nozha Al Gadeda
Cairo
Tel: (20-2) 2639322 / 2612048
KEY PRINCIPALS
· Ehab Al Saeed Managing
Partner
· Waheed Ahmed Partner
LEGAL FORM & OWNERS
Date of Establishment : 1992
Legal Form : Sharikat Tadhamun Bill Asshum (Limited Liability Partnership)
Issued
Capital : £E 150,000
Paid
up Capital : £E 150,000
Name of Partner (s)
· Ehab Al Saeed
· Waheed Ahmed
LINE OF BUSINESS
Operations
: Engaged in the
import and distribution of general foodstuff products.
Import
Countries :
Europe and the Far East.
Operating
Trend : Steady
Subject
has a workforce of 9 employees.
FINANCIAL HIGHLIGHTS
Financial
highlights provided by outside sources are given below :
Currency
: Egyptian Pounds (£E)
Year
Ending 31/12/03: Year
Ending 31/12/04:
Total
Revenue £E
3,250,000 £E
3,700,000
Local
sources consider subject’s financial condition to be Fair.
BANKERS
·
Arab
International Bank
35 Abdel Khalek Sarwat Street
Cairo
Tel : (20-2) 3917702
Fax : (20-2) 3921479
PAYMENT HISTORY
No
complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
Opinion
on the credit figure of US$ 100,000
Established
in 1992, subject is involved in the import and distribution of general
foodstuff products.
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 and the above credit
figure is deemed admissible.
Maximum
suggested credit figure: US$ 100,000
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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