MIRA INFORM REPORT
|
Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
EL ALAMIA 2000 FOR RICE MILLS |
|
|
|
|
Formerly Known As : |
SALAHUDDINE MOHAMED & PARTNER |
|
|
|
|
Registered Office : |
Kom Hamada Center, El Tahrir Street,
Bourj Al Safwa, Beheira |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
04.09.2000 |
|
|
|
|
Com. Reg. No.: |
3970, Beheira |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business : |
Engaged as operators of a rice mill specialising in the processing and
packaging of rice and the distribution of pulses and spices. |
|
|
|
|
No. of Employees : |
35 |
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$ 175,000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 |
SUMMARY
Company Name :
EL ALAMIA 2000 FOR RICE MILLS
Also Known As :
SALAHUDDINE MOHAMED & PARTNER
Country of Origin :
Egypt
Legal Form :
Limited Liability Partnership
Registration Date :
4th September 2000
Commercial Registration Number : 3970, Beheira
Issued Capital :
£E 250,000
Paid up Capital :
£E 250,000
Total Workforce :
35
Activities :
Operators of a rice mill.
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit :
US$ 175,000
Person Interviewed :
Attiya Mahmoud, General Manager
COMPANY NAME
EL ALAMIA 2000 FOR
RICE MILLS
ALSO KNOWN AS
SALAHUDDINE MOHAMED & PARTNER
COMPANY ADDRESS
Registered & Physical Address
Building : Kom Hamada
Center
Street : El Tahrir Street
Area :
Bourj Al Safwa
Town : Beheira
Country : Egypt
Telephone : (20-45) 3690530
/ 3693740
Facsimile : (20-45) 3683265
Mobile : (20-122)
4463402 / (20-100) 5030400
Email :
elalamiya_2000@yahoo.com
Premises
Subject operates from a medium sized suite of offices that are rented
and located in the Suburban Business Area of Beheira.
Branch Office (s)
Location Description
· Kom Hamada Road Factory
premises
Badr Centre
Beheira
KEY PRINCIPALS
Name Position
· Salahuddine
Mohamed Abdulaziz Managing
Partner
· Samiya Ameen Partner
· Attiya Mahmoud General
Manager
LEGAL FORM & OWNERS
Date of
Establishment : 4th
September 2000
Legal Form : Limited Liability
Partnership
Commercial Reg.
No. : 3970, Beheira
Issued Capital : £E 250,000
Paid up Capital : £E 250,000
Name of Shareholder (s)
· Salahuddine
Mohamed Abdulaziz
· Samiya Ameen
OPERATIONS
Activities: Engaged as operators of a rice mill specialising in the processing and
packaging of rice and the distribution of pulses and spices.
Import Countries: India, Japan and Europe.
Operating Trend: Steady
Subject has a workforce of 35 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
16,210,000 £E 16,800,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
BANKERS
·
Arab International Bank
35 Abd El Khalek
Sarwat Street
PO Box: 1563
Cairo
Tel: (20-2) 33916391
Fax: (20-2)
33916233
PAYMENT HISTORY
No complaints regarding subject’s payments have been reported.
GENERAL COMMENTS
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.50.28 |
|
UK Pound |
1 |
Rs.77.60 |
|
Euro |
1 |
Rs.64.66 |
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.