MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
CHARIKET ZED EL KHIR FOR FOOD INDUSTRIES |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1970 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of ice cream and frozen desserts |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Registration Briefing
Registration Number: N/A
Registration Date: 2006
Legal Form: PRIVATE LIMITED CO
Latest Financials: N/A
Financial Briefing
Nominal Capital: 100,000 Libyan Dinar
Issued Capital: All
Turnover: N/A
Net Profit: N/A
Net Worth:
Company Details
Company Name: CHARIKET ZED EL KHIR FOR FOOD INDUSTRIES
Headquarter Address:
Sidi Hussein,
Postal Address:
Telephone: +21861 9094518
+21861 9097547
+21891 2120878
+21892 5449394
Fax: +21861 9094518
+21861 9097547
Company History
Previous Names Date of Change
TASHARUKIT ZED EL KHIR 2006
Previous Legal Form Date of Change
Changed from original PARTNERSHIP to PRIVATE LIMITED CO 2006
Company was originally started as a PARTNERSHIP on 1970
Registration &
Legal Details
Current Legal Form: PRIVATE LIMITED CO
Registration Address:
Registration Date: 2006
Year/Date Company Established: 1970
Capital
Currency: Libyan Dinar
Nominal Capital: 100,000
Issued Capital: All
Paid Up Capital: All
Shareholders
Shareholders:
Name/Address Shares Held % of Voting/Non‑Voting capital
Mr. Mohamed Khalifa
Bozen,
Mr. Amgad Khalifa Bozen,
Mr. Galal Khalifa Bozen,
Mr. Hossam Khalifa
Bozen,
Mr. Walid
Khalifa Bozen,
Mrs. Fatma
Khalifa Bozen,
Mrs. Ferial
Khalifa Bozen,
Mrs. Amina
Khalifa Bozen,
Mrs. Aaesha
Moftah Mohamed,
Mr. Soliman
Khalifa Bozen,
Principals
Name: Mr. Mohamed Khalifa Bozen
Position within the company: Chairman
Country of Birth:
Nationality: Libyan
Can fluently speak: English & Arabic
Education:
Family Connections with: Mr. Khalifa Bozen Family ( Brother )
Name: Mr. Soliman Khalifa Bozen
Position within the company: Vice Chairman
Country of Birth:
Nationality: Libyan
Can fluently speak: English & Arabic
Education:
Family Connections with: Mr. Khalifa Bozen Family ( Brother )
Name: Mr. Amgad Khalifa Bozen
Position within the company: Managing Director
Country of Birth:
Nationality: Libyan
Can fluently speak: English & Arabic
Education:
Family Connections with: Mr. Khalifa Bozen Family ( Brother )
Name: Mr. Mohamed Salah
Position within the company: General Manager
Country of Birth:
Nationality: Libyan
Can fluently speak: English & Arabic
Education:
Company Activities
Sic Codes: 2024 Manufacture of ice cream and frozen desserts ‑ 100%
The company is a manufacturer of food stuff like ice cream & sweets.
The company imports from Europe & Middle East.
The company does not export.
90% Importer.
10% Local purchases.
100% Wholesaler.
Local Reporters consider the investigated company to be MEDIUM in their field of concern.
Operations
Employees Company Employs: 50
HQ Premises Operates from: Owned Office, Factory, Warehouse
Location: Central Business Area
Imports
Import % and type of product: 90% Raw Materials
Imports From: Middle
East,
Importing Terms: Special agreements
Additional Information: The company purchases 10% locally, terms of payment is special agreements.
Exports
Export % and type of product: Subject does not export
Trading & Selling
Territory: 100% Nationally
Type of Customer: General Public, Wholesaler & Retailers
Related Companies
Information on Related Companies is not available/applicable
Financial Information
Financial information is not available/applicable
Payments
Subject's payments reported to be: UNDETERMINED
Interview & Reporter
Comments
Date: 10/05/2007
Name/Title: Mr. Mohamed Khalifa Bozen Chairman
Comment: Subject has confirmed the general details provided in the report but has declined
to provide any Financial Data.
Reporter Comment Date: 10/05/2007
Reporter Comment: It was reported that the company's full registered name is 'CHARIKET ZED EL
KHIR FOR FOOD INDUSTRIES'
In the interview conducted with Mr. Mohamed Khalifa Bozen, chairman, he
declined registration number, bank account number and any financial information
citing the grounds of company confidentiality.
Company's shares are not freely transferable and are not bought and sold on the
stock market.
Local company’s registry is inaccessible to inspect subject's file, therefore, all the
information shown in the report is through a direct contact with the subject you
are investigating.
Conclusions
Accounts Comments: Full Financial Statements were unavailable to local analysts so a
complete and accurate picture of the financial strength of the company
could not be ascertained.
Our assessment and ratings are therefore based on non‑financial data.
Local Reputation: The company being investigated is believed by local reporters to be a
Medium Trade Risk.
General Conclusion: Local informants consider granting of credit to be a fair trade risk.
Owner/Shareholders Comments: Some of the owners / shareholders have an active participation in the
running
of the business.
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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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%)