MIRA INFORM REPORT

 

 

Report Date :

30.04.2012

 

IDENTIFICATION DETAILS

 

Correct Name :

ALI ABDEL HALIM EL TABBAKH & PARTNERS

 

 

Registered Office :

Ezbet El Tabbakh, Hosh Eissa, Beheira

 

 

Country :

Egypt

 

 

Year of Establishment :

2002

 

 

Com. Reg. No.:

60795, Beheira

 

 

Legal Form :

Limited Partnership

 

 

Line of Business :

Distributors of fruit, vegetables, seeds, rice and other dried foodstuffs

 

 

No. of Employees :

12

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

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)

Egypt

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SUMMARY

 

Company Name                                     : ALI ABDEL HALIM EL TABBAKH & PARTNERS

Also Known As                                      : LOLOAH FOR IMPORT & EXPORT

Country of Origin                                    : Egypt

Legal Form                                            : Limited Partnership

Registration Date                                   : 2002

Commercial Registration Number            : 60795, Beheira

Partners Capital                                     : £E 1,000,000

Total Workforce                                     : 12

Activities                                               : Distributors of fruit, vegetables, seeds, rice and other dried foodstuffs

Financial Condition                                 : Undetermined

Payments                                             : Nothing detrimental uncovered

 

 

COMPANY NAME

 

ALI ABDEL HALIM EL TABBAKH & PARTNERS

 

 

ALSO KNOWN AS

 

LOLOAH FOR IMPORT & EXPORT

 

 

company ADDRESS

 

Registered & Physical Address

Building             : Ezbet El Tabbakh

Area                 : Hosh Eissa

Town                 : Beheira

Country             : Egypt

Telephone         : (20-45) 2724053

Facsimile          : (20-45) 2724288

Mobile               : (20-122) 3226949

 

Premises

Subject operates from a small suite of offices and a warehouse that are rented and located in the Central Business Area of Beheira.

 

 

KEY PRINCIPALS

 

     Name                                                                                              Position

·       Ali Abdel Halim El Tabbakh                                                                Managing Partner

·       Hussain Abdel Halim El Tabbakh                                                        Partner

 

 

LEGAL FORM & OWNERS

 

Date of Establishment  : 2002

 

Legal Form                  : Limited Partnership

 

Commercial Reg. No.  : 60795, Beheira

 

Partners Capital           : £E 1,000,000

 

Name of Partner (s)

·       Ali Abdel Halim El Tabbakh

·       Hussain Abdel Halim El Tabbakh

 

 

OPERATIONS

 

Activities: Engaged in the import and distribution of fruit, vegetables, seeds, rice and other dried foodstuffs.

 

Import Countries: Europe and the Far East.

 

Subject has a workforce of 12 employees.

 

 

FINANCIAL DATA

 

Companies registered in Egypt are not legally required to make their accounts public and no financial information was released by the company or submitted by outside sources.

 

 

BANKERS

 

·       Export Development Bank of Egypt

108 Mohi El Din Abu El Ezz Street

     Mohandessin

     Cairo 11111

     Tel: (20-2) 3619005 / 3385877

     Fax: (20-2) 3385940 / 3385938

 

 

PAYMENT HISTORY

 

No complaints regarding subject’s payments have been reported.

 

 

GENERAL COMMENTS

 

Please note that we were unable to contact the subject directly during our investigation.

 

According to local sources, subject’s financial condition is satisfactory whilst payments are made in a timely manner. The company’s operating history is reportedly clear 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.52.68

UK Pound

1

Rs.85.12

Euro

1

Rs.69.38

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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

----

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.