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Report Date : |
21.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
DIAMOND FOOD
INDUSTRIES CO LTD |
|
|
|
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Registered Office : |
243 Sultan
Street, 2nd Floor, Flat No. 2 |
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|
|
|
Country : |
Egypt |
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|
|
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Date of Incorporation : |
2004 |
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|
|
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Com. Reg. No.: |
5586 |
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|
|
|
Legal Form : |
Limited Liability Partnership |
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|
|
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Line of Business : |
Grinding and
packaging of grains and spices |
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|
|
|
No. of Employees : |
45 |
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 |
|
Maximum Credit Limit : |
US$ 150,000 |
|
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 (30.06.2011) |
Current Rating (30.09.2011) |
|
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 :
DIAMOND FOOD INDUSTRIES CO LTD
Country of Origin : Egypt
Legal Form :
Limited Liability Partnership
Registration Date : 2004
Commercial Registration
Number : 5586
Issued Capital : £E
100,000
Paid up Capital : £E
100,000
Total Workforce : 45
Activities :
Grinding and packaging of grains and spices
Financial Condition : Undetermined
Payments :
Nothing detrimental uncovered
Recommended Credit
Limit : US$ 150,000
DIAMOND FOOD
INDUSTRIES CO LTD
Location : 243 Sultan Street, 2nd
Floor, Flat No. 2
Area : Metanlibnan
Town : Cairo
Country : Egypt
Telephone : (20-2) 38345402
Facsimile : (20-2) 38345402
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
·
2nd
Industrial Zone, Plot No. 32 Factory
premises
6th of October City
Name Position
·
Shabiz
Hussein Taher Ali Managing
Partner
·
Hussein
Shabiz Partner
Date of Establishment : 2004
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 5586
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
·
Shabiz
Hussein Taher Ali
·
Hussein
Shabiz
Activities: Engaged in the process of grinding and
packaging of grains and spices.
Import Countries: Europe and the Far East
Brand Names: DIAMOND
Subject has a
workforce of 45 employees.
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.
·
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
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.49.21 |
|
|
1 |
Rs.77.75 |
|
Euro |
1 |
Rs.64.58 |
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.