|
Report Date : |
16.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
BABY COCA FOR WEARS & TEXTILES |
|
|
|
|
Registered Office : |
Cairo - Alexandria Agricultural Road, Km 11, Alexandria |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
2003 |
|
|
|
|
Com. Reg. No.: |
40019 |
|
|
|
|
Legal Form : |
Egyptian Joint Stock Company |
|
|
|
|
line of business
: |
Manufacture of children’s and babies wear, underwear, T shirts and sweatshirts. |
|
|
|
|
No. of Employees : |
2,950 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
Payment Behaviour : |
Regular |
|
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 |
Company Name :
BABY COCA FOR WEARS & TEXTILES
Country of Origin :
Egypt
Legal Form :
Egyptian Joint Stock Company
Registration Date :
2003
Commercial Registration Number :
40019, Alexandria
Tax Card Number : 733-045-065
Issued Capital :
£E 35,000,000
Paid up Capital :
£E 35,000,000
Total Workforce :
2,950
Activities :
Manufacturers of children’s and babies wear, underwear, T shirts and
sweatshirts.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
BABY COCA FOR WEARS & TEXTILES
Registered &
Physical Address
Location : Cairo - Alexandria Agricultural Road, Km 11
Town : Alexandria
Country : Egypt
Telephone : (20-3) 5045353 / 5045234 / 5045220
Facsimile : (20-3) 5045934 / 5045220
Premises
Subject operates from a large suite of offices and a factory that are
owned and located in the Industrial Area of Alexandria.
Name Position
Amr Abd El Halim Abu El Ela Chairman
Sherine Eissa Hamed Eleish Managing
Director
Eissa Hamed Eleish Director
Amr El Segeny Finance
Manager
Nashaat Helmy Factory
Manager
Tamer Negem Purchasing
Manager
Hoda Ragall Logistics
Manager
Date of Establishment : 2003
Legal Form : Egyptian Joint
Stock Company
Commercial Reg. No. : 40019, Alexandria
Tax Card No. : 733-045-065
Issued Capital : £E 35,000,000
Paid up Capital : £E 35,000,000
Name of
Shareholder (s) Percentage
Eissa Hamed Eleish 51.46%
Sherine Eissa Hamed Eleish 36.00%
Amr Abd El Halim Abu El Ela 4.00%
Local businessmen and private investors 8.54%
Activities: Engaged in the manufacture of children’s and babies wear, underwear, T
shirts and sweatshirts.
Import Countries: India
Export Countries: United States of
America, United Kingdom, United Arab Emirates, Turkey
Brand Names: BABY COCA
Operating Trend: Steady
Subject has a workforce of approximately 2,950 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
96,000,000 £E
97,000,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
Export Development Bank of Egypt
16 Syria Street
Roushdy
Alexandria
Tel: (20-3) 5450018 / 5440428
Fax: (20-3) 5450009
Al Watany Bank of Egypt
601 Horreya Road
Alexandria
Tel: (20-3) 5745621
Fax: (20-3) 5703282
No complaints regarding subject’s payments have been reported.
During the course of this investigation nothing detrimental was
uncovered regarding the manner in which payment obligations are fulfilled. The
operating history is clear and the financial situation is satisfactory. As such
we are of the opinion that the subject is a fair trade risk and the above
credit figure is within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.64 |
|
UK Pound |
1 |
Rs.87.31 |
|
Euro |
1 |
Rs.68.81 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.