MIRA INFORM REPORT
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Report Date : |
14.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ALEXANDRIA FIBRE CO SAE |
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Registered Office : |
El Nahda Road, Amreya, Alexandri |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
2006 |
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Com. Reg. No.: |
152329, Alexandria |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacturers of dyed acrylic fibre yarns |
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No. of Employees
: |
350 |
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$ 1,250,000 |
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Status : |
Good |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
SUMMARY
Company Name : ALEXANDRIA FIBRE CO SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 2006
Commercial Registration Number : 152329, Alexandria
Tax Card Number : 607-110-741
Issued Capital : £E 286,550,000
Paid up Capital : £E 286,550,000
Total Workforce : 350
Activities : Manufacturers of dyed acrylic fibre yarns.
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 1,250,000
COMPANY NAME
ALEXANDRIA FIBRE CO SAE
company ADDRESS
Registered & Physical
Address
Street : El Nahda Road
Area : Amreya
Town : Alexandria
Country :
Telephone : (20-3) 4770181 / 4770182 / 4770183
Facsimile : (20-3) 4770930 / 4770178 / 4770187
Premises
Subject operates
from a large suite of offices and a factory that are rented and located in the
Central Business Area of Alexandria.
Branch Office (s)
Location Description
·
El
Teyseer Tower Office
premises
Smouha
KEY PRINCIPALS
Name Position
·
R N
Agarwal Chairman
·
Ashu Pareek Managing
Director
·
Anand
Kumar Surana Finance
Manager
·
Ahmed
Mahfouz Public
Relations Manager
·
P
Krishnan Technical
Manager
·
Hassan
Gaber Human
Resources Manager
·
Mohamed
Said Production
Manager
LEGAL FORM & OWNERS
Date of Establishment : 2006
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 152329,
Alexandria
Tax Card No. :
607-110-741
Issued Capital : £E 286,550,000
Paid up Capital : £E 286,550,000
Name of
Shareholder (s)
·
Aditya
Birla Group
·
Saudi
Egypt Industrial Investment
·
Alexandria
Carbon Black Co SAE
·
Sidi
Kreir Petrochemicals
·
Arab
Petroleum Investment
·
Thai
Acrykic Fibre Ltd
Thailand
·
Thai
Carbon Black Public Ltd
Thailand
·
Thai
Rayon Public Ltd
Thailand
OPERATIONS
Activities: Engaged in the manufacture of dyed acrylic fibre yarns for the textiles industry used in sweaters,
blankets, carpets, knitwear, hosiery products, automotive textiles, home
textiles, furnishings and various industrial applications.
Import Countries: Europe, China, Mexico, Japan and the United
States of America
Export
Countries: Syria, Libya,
Morocco, Italy, Canada, Turkey, Pakistan, Mexico, Kenya and Zambia.
Operating Trend: Steady
Subject has a
workforce of approximately 350 employees.
FINANCIAL DATA
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/09: Year
Ending 31/12/10:
Total Sales £E 276,790,000 £E 236,000,000
Local sources consider
subject’s financial condition to be Good.
The above financial
figures are based on estimations by our local sources.
BANKERS
·
Commercial
International Bank (CIB)
Tel: (20-3) 4824643 / 4834255
Fax: (20-3) 4832240
PAYMENT HISTORY
No complaints
regarding subject’s payments have been reported.
GENERAL COMMENTS
During the course
of this investigation nothing detrimental was uncovered regarding subject’s operating
history or the manner in which payments are fulfilled. As such the company is
considered to be a fair trade risk.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.43 |
|
UK Pound |
1 |
Rs.79.10 |
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Euro |
1 |
Rs.66.17 |
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.