MIRA
INFORM REPORT
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Report Date : |
28.11.2008 |
IDENTIFICATION DETAILS
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Name : |
ALPHA CHEMICAL |
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Registered Office : |
39 Melsa
Building, Ard El Golf, |
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Country : |
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Financials (as on) : |
31.12.2007 |
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Year of Establishment : |
2001 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Production and distribution of chemicals |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUMMARY
Company Name :
ALPHA CHEMICAL
Also Known As : ALPHA CHEMICAL MISR
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 2001
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Total Workforce : 20
Activities : Production and distribution of chemicals
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
ALPHA CHEMICAL
ALSO KNOWN AS
ALPHA CHEMICAL MISR
ADDRESS
Registered &
Physical Address
Building : 39 Melsa Building
Area : Ard El Golf,
Town :
Country :
Telephone : (20-2) 22914048
Facsimile : (20-2) 24178193
Email : info@alphachemical-egypt.com
Premises
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office
(s)
Location Description
·
Kom Hamed, Behira Factory
premises
Gharbeya
Tel: (20-45)
9115644
KEY PRINCIPALS
Name Position
·
Ali Moosa Hussain Managing
Partner
·
Ibrahim Abdul Fatooh Partner
·
Hussain Ibrahim Al Fatooh Partner
LEGAL FORM & OWNERS
Date of Establishment : 2001
Legal Form :
Limited Liability
Partnership
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Name of Shareholder
(s)
·
Ali Moosa Hussain
·
Ibrahim Abdul Fatooh
·
Hussain Ibrahim Al Fatooh
OPERATIONS
Activities: Engaged in the production and distribution
of chemicals.
Import
Countries:
Operating Trend: Steady
Subject has a
workforce of 20 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/06: Year
Ending 31/12/07:
Total Sales £E 7,600,000 £E 8,150,000
Local sources consider
subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Credit
Agricole
Mohandessin,
Tel: (20-2) 37608228
PAYMENT HISTORY
No complaints regarding
subject’s payments have been reported.
GENERAL COMMENTS
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 within
subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.84 |
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1 |
Rs.76.81 |
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Euro |
1 |
Rs.64.38 |
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. |
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%)