MIRA INFORM
REPORT
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Report Date : |
23.02.2011 |
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) : |
31.12.2010 |
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Year of Establishment : |
2001 |
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Com. Reg. No.: |
109131, |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Production and distribution
of disinfectants and detergents |
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 |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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|
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
SUMMARY
Company Name : ALPHA CHEMICAL
Also Known As : ALPHA CHEMICAL MISR
Country of Origin :
Legal Form : Limited Liability Partnership
Start Date : 1948
Registration Date : 2001
Commercial Registration Number :
109131,
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Total Workforce : 70
Activities : Production and distribution of disinfectants and detergents.
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
company 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 Hamada
Kafr El Zayat
Beheira
Tel: (20-45)
9115644
KEY PRINCIPALS
Name Position
·
Ali Ibrahim Moosa Hussain Managing
Partner
·
Hussain Ibrahim Moosa Hussain Partner
·
Nareman
Ibrahim Moosa Hussein Partner
·
Hesham
Abd El Latif Finance
Manager
·
Ibrahim
Zohny Marketing
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1948, However
subject was registered in 2001.
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 109131,
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Name of Shareholder
(s) Percentage
·
Ali Ibrahim Moosa Hussain 40%
·
Hussain Ibrahim Moosa Hussain 40%
·
Nareman
Ibrahim Moosa Hussein 20%
OPERATIONS
Activities: Engaged in the production and distribution
of disinfectants and detergents for milking machinery and teat dip and poultry
farms.
Import
Countries:
Export
Countries:
Operating Trend: Steady
Subject has a
workforce of 70 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 Sales £E 15,000,000 £E 20,000,000
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.20 |
|
|
1 |
Rs.73.07 |
|
Euro |
1 |
Rs.61.41 |
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 |
|
26-40 |
B |
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 |
|
<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.