MIRA INFORM
REPORT
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Report Date : |
23.02.2011 |
IDENTIFICATION DETAILS
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Name : |
DABUR EGYPT LTD |
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Registered Office : |
2 |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1996 |
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Com. Reg. No.: |
245 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of cosmetics, hair and skin care 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$ 500,000 |
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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 : DABUR EGYPT LTD
Country of Origin :
Legal Form : Limited Liability Company
Registration Date : 1996
Commercial Registration Number : 245
Issued Capital : £E 2,981,142
Paid up Capital : £E 2,981,142
Total Workforce : 50
Activities : Manufacturers of cosmetics, hair and skin care products.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 500,000
COMPANY NAME
DABUR EGYPT LTD
company ADDRESS
Registered & Physical Address
Building : 2 Saudi Buildings
Street :
Area :
Town :
Country :
Telephone : (20-2) 22901739
Facsimile : (20-2) 22901739
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
·
B4
Industrial Zone, Block 5 Factory
premises
Sharkeya
10th of
Tel: (20-15) 361911 / 361829
Fax: (20-15) 366756
KEY PRINCIPALS
Name Position
·
Anoob
Sharma Chairman
·
Vishal
Bhimani Finance
Manager
·
Hebatallah
Hesham Anas Office
Manager
·
Mohamed
Ezzat Purchasing
Manager
·
Sameh
Abd El Fattah Production
Manager
·
Utkarsh
Gupta Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1996
Legal Form :
Limited Liability Company
Commercial Reg. No. : 245
Issued Capital : £E 2,981,142
Paid up Capital : £E 2,981,142
Name of Shareholder
(s) Percentage
·
Dabur
Kaushambi
Ghaziabad - 201010
Uttar Pradesh
Tel: (91-120) 3982000
Fax: (91-120) 3001000
OPERATIONS
Activities: Engaged in the manufacture of cosmetics,
hair and skin care products.
Export
Countries:
Brand Names: DABUR, VATIKA and AMLA
Operating Trend: Steady
Subject has a
workforce of 50 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 36,441,149 £E 42,722,665
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Banque
du Caire Barclays Internationale SAE
Garden City
PO Box: 110, Maglis El Shaab
Tel: (20-2) 33542195 / 33549415 / 33549422
Fax: (20-2) 33552746
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.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 |
|
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 |
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<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.