MIRA
INFORM REPORT
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Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
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Name : |
TASHARUKIAT
ALHALESE FOR FOODSTUFF IMPORT |
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Registered Office : |
Al Zahf Al
Akhdar Building, Omer Almuktar Street, Benghazi |
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Country : |
Libya |
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Year of Establishment : |
1992 |
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Com. Reg. No.: |
357 |
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Legal Form : |
General
Partnership |
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Line of Business : |
Non‑specialised
wholesale of food, beverages and tobacco |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Usually Correct |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Libya |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
Off-credit |
D |
Company
name
Tasharukiat Alhalese For Foodstuff Import
Registration
Briefing
Registration Number: 357
Registration Date: 1992
Legal Form: GENERAL
PARTNERSHIP
Latest Financials: N/A
Financial
Briefing
Nominal Capital: N/A
Issued Capital: N/A
Turnover: N/A
Net Profit: N/A
Net Worth: N/A
Company
Details
Company Name: Tasharukiat Alhalese For
Foodstuff Import
Also trades as: African Foodstuff Import and
General Trade
Headquarter Address: Al Zahf Al Akhdar
Building,
Omer
Almuktar Street,
Benghazi,
Libya
Telephone: +218
619080767
+218
992729872
Fax: +218
619080737
E‑Mail: africana_co@yahoo.co.uk
Company was originally started on
1988
Registration
& Legal Details
Current Legal Form: GENERAL PARTNERSHIP
Registration Address: Al Zahf Al Akhdar
Building,
Omer
Almuktar Street,
Benghazi
Registration Number: 357
Registration Date: 1992
Year/Date Company Established: 1988
Registration Town: Benghazi
Tax Registration Number: 1145
Capital
Capital is NOT disclosed.
Shareholders
Information on Shareholders is not available/applicable
Principals
Name: Mr
Mohamed Saad Mohamed Ougy
Position within the
company: Partner &
General manager
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: Arabic & English
Education: Graduate
University
Family Connections with: Ougy Family (Son Of)
Name: Mr
Saad Mohamed Ougy
Position within the
company: Partner &
Marketing Manager
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: Arabic & English
Education: Graduate
University
Family Connections with: Ougy Family (Father Of)
Name: Mr
Hafez Saad Mohamed Ougy
Position within the
company: Sleeping Partner
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: Arabic & English
Education: Graduate
University
Family Connections with: Ougy Family (Son Of)
Name: Mr
Farag Saad Mohamed Ougy
Position within the
company: Sleeping Partner
Country of Birth: Libya
Nationality: Libyan
Can fluently speak: Arabic & English
Education: Graduate
University
Family Connections with: Ougy Family (Son Of)
Company
Activities
NACE Codes: 4639 Non‑specialised
wholesale of food, beverages and tobacco
The company works as a trader and importer of foodstuff (beans,
tuna, tomato paste, milk, tea, sweats, beaf,
frozens) in addtiona to battery lighters.
wholesalers
Business is based on imports 100%
Local Reporters consider the
investigated company to be MEDIUM in their field of concern.
Operations
Employees Company
Employs: 8
HQ Premises Operates
from: Office
Location: Central Business Area
Branches Tripoli,
Libya
Description
of branch: Warehouse
Benghazi,
Libya
Description
of branch: Warehouse
These
premises operate as: 2 warehouses
Imports
Import % and type of product: 100% Finished Goods
Imports From : Far
East, Thailand, Lithuania, Sri Lanka
Importing Terms : Cash
against documents
Additional Information : cash
Subject's Suppliers : Company
Name: Marijampoles Pieno
Konservai ‑ Milk
Address : Lithuania
Trading & Selling
Territory: 100%
Nationally
Terms
of Sales: cash
against documents
Additional
Information: Cash
Type
of Customer: General
Public, wholesalers
Related
Companies
Subsidiaries
Affiliates
Information on
Related Companies is not available/applicable
Bankers
Alejmaa Al Arabi Bank,
Branch: Main Branch
Safsaf Street,
Benghazi,
Libya
Account Number: 5867
Additional Information: Tel: 002187 61
9094062/ 9080832/ 9093795.
Fax:00218
61 9092492
Payments
Subject's payments reported
to be: NO COMPLAINTS
Interview
& Reporter Comments
Name/Title: Mr. Mohamed Saad Mohamed Ougy General Manager
Comment: Subject has confirmed the general details provided in the
report but has declined to
provide any Financial Data.
Reporter Comment:
We tried to contact subject company, but their numbers are unobtainable,
we sent
them email in order provide us with
requested information, and they advised that
their phone network is not working properly
currently. However, they can
communicate with us through mails.
According to Mr. Mohamed Saad
Mohamed Ougy, General Manager, the company
has been operating in Libya since
1988. They are involved in the import and trade of
foodstuff.
Mr. Ougy declined financial
information citing the grounds of company’s
confidentiality. And instead he
provided us with certification from his bank Al
Ejma'a Alarabi Bank S.A.L., showing
that subject company is valued customer at
the bank and held the account no.
5867. (date of certificate is 13/1/2010).
The business is owned & run by a
group of individuals. Mr. Mohamed Saad
Mohamed Ougy, and Mr. Saad Mohamed Ougy, share the liability of the
partnership. They share the
authorization to sign & administrate. However, Mr.
Hafez Saad Mohamed Ougy & Mr.
Farag Saad Mohamed Ougy are sleeping
partners and have little to do with
the actual business.
Local company’s registry is
inaccessible to inspect subject's file, therefore, all the
information shown in the report is
obtained from a direct contact with the subject
you are investigating.
It was confirmed that the company
name is "Tasharukiat Alhalese For Import
Foodstuff".
It was confirmed that the company
address is as mentioned above.
Conclusions
Accounts Comments: Full Financial Statements were unavailable
to local analysts so a complete and
accurate picture of the financial
strength of the company could not be ascertained.
Our assessment and ratings are
therefore based on non‑financial data.
Local Reputation: The company being investigated is
considered by local reporters to be a High to
Normal Trade Risk.
General Conclusion: Subject not legally obliged to produce or
publish accounts
Owner/Shareholders Comments: Some
of the owners / shareholders have an active participation in the running of the
business.
Age of Business: The company is a long established
family run business.
Clippings
Date: Unknown
Source: Unknown
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.82 |
|
|
1 |
Rs.78.57 |
|
Euro |
1 |
Rs.69.28 |
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 |
|
-- |
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.