MIRA INFORM
REPORT
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Report Date : |
20.05.2011 |
IDENTIFICATION DETAILS
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Name : |
EL DOHA FOR FOOD STUFFS CO |
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Registered Office : |
Industrial Zone,
Plot C4, Sharkeya, 10th of Ramadan City |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1990 |
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Com. Reg. No.: |
189760 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of vegetables and spices |
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Egypt |
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 |
Bottom of Form
SUMMARY
Company Name : EL DOHA FOR FOOD STUFFS CO
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1990
Industrial Registration Number : 189760
Issued Capital : £E 300,000
Paid up Capital : £E 300,000
Total Workforce : 34
Activities : Distributors of vegetables and spices.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
COMPANY NAME
EL DOHA FOR FOOD STUFFS CO
company ADDRESS
Registered & Physical Address
Location : Industrial Zone, Plot C4, Sharkeya
Town : 10th of Ramadan
City
Country : Egypt
Telephone : (20-15) 360511 / 370013
Facsimile : (20-15) 360511
Premises
Subject operates
from a small suite of offices and a warehouse that are rented and located in
the Industrial Area of 10th of Ramadan City.
KEY PRINCIPALS
Name Position
·
Samy
Mahmoud Morsy Managing
Partner
·
Ahmed
Anwar Morsy Partner
·
Abd El
Hamid Said Finance
Manager
·
Mohamed
Said Sales
Manager
LEGAL FORM & OWNERS
Date of Establishment : 1990
Legal Form :
Limited Liability
Partnership
Industrial Reg. No. : 189760
Issued Capital : £E 300,000
Paid up Capital : £E 300,000
Name of Shareholder
(s)
·
Samy
Mahmoud Morsy
·
Ahmed
Anwar Morsy
OPERATIONS
Activities: Engaged in the import and distribution of
vegetables and spices.
Export
Countries: Saudi Arabia and
Libya
Brand Names: EL DOHA
Operating Trend: Steady
Subject has a
workforce of 34 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 11,800,000 £E 12,125,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Bank of
Alexandria
49 Kasr El Nile Street
Cairo
Tel: (20-2) 4824056 / 4836073
Fax: (20-2) 4837468
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
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.98 |
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UK Pound |
1 |
Rs.72.68 |
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Euro |
1 |
Rs.64.16 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.