MIRA INFORM
REPORT
|
Report Date : |
13.04.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
KHALED KHOSHALA CO FOR IMPORT & EXPORT
TRADE AGENCIES |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Year of Establishment : |
1945 |
|
|
|
|
Com. Reg. No.: |
289069, |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Distributors of foodstuff products. |
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$ 850,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
SUMMARY
Company Name : KHALED KHOSHALA CO FOR IMPORT & EXPORT TRADE
AGENCIES
Country of Origin :
Legal Form : Limited Liability Partnership
Registration Date : 1945
Commercial Registration Number : 289069,
Tax Card Number : 239-524-608
Issued Capital : £E 10,500,000
Paid up Capital : £E 10,500,000
Total Workforce : 120
Activities : Distributors of foodstuff products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 850,000
COMPANY
NAME
KHALED KHOSHALA CO FOR IMPORT & EXPORT
TRADE AGENCIES
company
ADDRESS
Registered & Physical
Address
Street :
Area : Abbasseya
Town :
Country : Egypt
Telephone : (20-2) 26831940 / 24842882 / 26858901
/ 26827135
Facsimile : (20-2) 26836300
Email : khoshala@gega.net / khoshala@tedata.net.eg
Premises
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Cairo.
Branch Office (s)
Location Description
·
Port
Said Street Warehouse
premises
Bein El Sorein
Misr El Qadima
Tel: (20-2) 25907763
·
Tel: (20-3) 4875855
KEY
PRINCIPALS
Name Position
·
Khaled
Abd El Fattah Mohamed Khoshala Managing
Partner
·
Mohamed
Abd El Fattah Mohamed Khoshala Partner
·
Yasser
Abd El Fattah Mohamed Khoshala Partner
·
Mohamed Fathy Administration
Manager
·
Abd El Gelil Badawy Purchasing
Manager
·
Hassan Abd El Aziz Sales
Manager
·
Wessam Mohamed Office
Manager
LEGAL
FORM & OWNERS
Date of Establishment : 1945
History : Subject was originally established in 1945
as a wholesaler of foodstuff under
Commercial Registration Number 260163,
However in 1990, subject was
re-registered under its current name, legal form and
Commercial Reg. Number with its
activities to include the import and distribution of
foodstuff, as well as its
previous wholesale activities.
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 289069,
Tax Card No. : 239-524-608
Issued Capital : £E 10,500,000
Paid up Capital : £E 10,500,000
Name of Shareholder (s)
·
Khaled
Abd El Fattah Mohamed Khoshala
·
Mohamed
Abd El Fattah Mohamed Khoshala
·
Yasser
Abd El Fattah Mohamed Khoshala
OPERATIONS
Activities: Engaged in the import, wholesale and
distribution of foodstuff products, specialising in dairy products, such as
full cream milk powder, skimmed milk powder, (both in 25 kgs bags), butter (in
25 kgs cartons), as well as sliced cheese, Gouda and Edam cheese, smoked
cheese, mushrooms, alcoholic free beer, light-diet white-and Albacore tuna,
Kalamata olives.
Import
Countries:
International
Suppliers:
·
Compina The
·
Uniekaas The
·
Scelta-bv-venlo The
·
Hoogwegt
International The
·
Lactalis
Industries
·
Flechard
·
Fro-d’or
·
Unipolcom
·
The
Irish Dairy Board
·
Agro
Vim
·
Bisco
Overseas Limited
Export
Countries:
Operating Trend: Steady
Subject has a
workforce of 120 employees.
FINANCIAL
DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/09: Year Ending
31/12/10:
Total Revenue £E 100,320,940 £E 101,751,675
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Al
Watany Bank of
PO Box: 750
Tel: (20-2) 3379363
Fax: (20-2) 3772959
·
Egyptian
Gulf Bank
El
PO Box: 56
Tel: (20-2) 3606580 / 3606467
Fax: (20-2) 3420265 / 3606512
·
National
Bank of
Tel:
(20-2) 3924175
Fax:
(20-2) 3924143
·
National
Societe Generale Bank
Tel: (20-2) 27707777
Fax: (20-2) 27702664
Swift No. 2031020182887840
PAYMENT
HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL
COMMENTS
Local sources
report that payment obligations are met in a generally timely manner and the
operating history is clear. As such the company is deemed a fair trade risk and
the above credit figure is considered to be within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.22 |
|
|
1 |
Rs.72.26 |
|
Euro |
1 |
Rs.63.90 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
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 |
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.