MIRA INFORM
REPORT
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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
WAHBA |
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Registered Office : |
Marouf Building,
7th Floor, Suite No. 74, 33B Ramsis Street, Cairo |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
21.06.2001 |
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Com. Reg. No.: |
2904 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Processors and packagers of dried foodstuffs |
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No. of Employees
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120 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
Company Name : WAHBA
Also Known As : EL WAHBA EGYPT CO
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 21st June 2001
Commercial Registration Number : 2904
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 120
Activities : Processors and packagers of dried foodstuffs.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 500,000
Person Interviewed : Hesham Abdulaziz, Finance Manager
WAHBA EGYPT FOR FOOD INDUSTRIES
EL WAHBA EGYPT CO
Registered &
Physical Address
Building : Marouf Building, 7th
Floor, Suite No. 74
Street : 33B Ramsis Street
Town : Cairo
Country : Egypt
Telephone : (20-2) 25799781 / 25799782 / 25799783 / 25762488
Facsimile : (20-2) 25799784 /
25799785
Mobile : (20-122) 2180905 / (20-100)
6850089
Email : info@habbahabba.com
/ info@mufaddal.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
·
1st
Industrial Zone, Block 12018 Factory
premises
Sector 6/7
El Obour City
Tel: (20-2) 46651021 /
46651776
Fax: (20-2) 46651022
Name Position
·
Seif Eddine Abd Ali Gafargi Managing
Partner
·
Mufadal Seif Eddine Abd Ali Gafargi Partner
·
Kutob Seif Eddine Abd Ali Gafargi Partner
·
Hesham Abdulaziz Finance
Manager
·
Mohamed Feras Sales
Manager
Date of Establishment : 21st
June 2001
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 2904
Tax Card No. : 205-125-158
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Name of Shareholder
(s)
·
Seif Eddine Abd Ali Gafargi
·
Mufadal Seif Eddine Abd Ali Gafargi
·
Kutob Seif Eddine Abd Ali Gafargi
·
Mufaddal For Food Industries
Cairo
·
Hanlico for Food
Cairo
·
SQM Enterprises Ltd
United Kingdom
Activities: Engaged in the processing and packaging of
dried foodstuffs.
Import
Countries: Europe and the Far
East.
Operating Trend: Steady
Subject has a
workforce of 120 employees.
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales £E
18,100,000 £E
19,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Banque
Misr
151 Mohamed Farid Street
Cairo
Tel: (20-2) 33912711 / 33912106
Fax: (20-2) 33919779
No complaints
regarding subject’s payments have been reported.
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.51.99 |
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UK Pound |
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.63.40 |
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.