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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
ALPHA CHEMICAL |
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Formerly Known As : |
ALPHA CHEMICAL
MISR |
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Registered Office : |
39 Melsa
Building, Ard El Golf, Nasr City, Cairo |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1948 |
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Com. Reg. No.: |
109131, Cairo |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Production and
distribution of disinfectants and detergents. |
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No. of Employees : |
75 |
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 – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 : ALPHA CHEMICAL EGYPT
Also Known As
: ALPHA CHEMICAL MISR
Country of Origin : Egypt
Legal Form :
Limited Liability Partnership
Start Date :
1948
Registration Date : 2001
Commercial
Registration Number : 109131,
Cairo
Issued Capital : £E
250,000
Paid up Capital : £E
250,000
Total Workforce : 75
Activities :
Production and distribution of disinfectants and detergents.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
ALPHA CHEMICAL
EGYPT
ALSO KNOWN AS: ALPHA CHEMICAL MISR
Building : 39 Melsa Building
Area : Ard El Golf, Nasr City
Town : Cairo
Country : Egypt
Telephone : (20-2) 22914048
Facsimile : (20-2) 24178193
Mobile : (20-10) 6670509 / 1270160
Email : info@alphachemical-egypt.com
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
·
Tawfekia Road Factory
premises
Kom Hamada
Kafr El Zayat
Beheira
Tel: (20-45)
9115644
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
Date of Establishment : 1948, However
subject was registered in 2001.
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 109131, Cairo
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
·
Ali Ibrahim Moosa Hussain 40%
·
Hussain Ibrahim Moosa Hussain 40%
·
Nareman
Ibrahim Moosa Hussein 20%
Activities: Engaged in the production and distribution
of disinfectants and detergents for milking machinery and teat dip and poultry
farms.
Import
Countries: India, Germany
and the United States of America
Export
Countries: Libya, Jordan,
Syria, Kuwait and the United Arab Emirates
Operating Trend: Steady
Subject has a
workforce of 75 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 20,000,000 £E 23,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Credit
Agricole Egypt
4 Syria Street
Mohandessin, Giza
Cairo
Tel: (20-2) 37608228
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.52.48 |
|
|
1 |
Rs.84.65 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
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 |
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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 |
-- |
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.