MIRA INFORM REPORT

Report Date :

25.01.2012

IDENTIFICATION DETAILS

Name :	EL WALEED FOR IMPORT & EXPORT

Registered Office :	23 Fawzy Moaz Street, Smouha, Alexandria

Country :	Egypt

Financials (as on) :	31.12.2010

Date of Incorporation :	16.07.2003

Com. Reg. No.:	8557, Alexandria

Legal Form :	Sole Proprietorship

Line of Business :	Import and distribution of poultry feed, fish feed, additives as well as agricultural machinery and equipment

No. of Employees :	05

RATING & COMMENTS

MIRA’s Rating :

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

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^th, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

Egypt

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

SUMMARY

Company Name : EL WALEED FOR IMPORT & EXPORT

Country of Origin : Egypt

Legal Form : Sole Proprietorship

Registration Date : 16^th July 2003

Commercial Registration Number : 8557, Alexandria

Invested Capital : £E 60,000

Total Workforce : 5

Activities : Import and distribution of poultry feed, fish feed, additives as well as

agricultural machinery and equipment

Financial Condition : Fair

Payments : Nothing detrimental uncovered

Operating Trend : Steady

Recommended Credit Limit : US$ 150,000

Person Interviewed : Waleed Tawfiq Mohamed Bahnasi, Proprietor & General Manager

COMPANY NAME

EL WALEED FOR IMPORT & EXPORT

company ADDRESS

Registered & Physical Address

Street : 23 Fawzy Moaz Street

Area : Smouha

Town : Alexandria

Country : Egypt

Telephone : (20-3) 4270720

Facsimile : (20-3) 4270720

Mobile : (20-171) 717145 / (20-122) 223801

Premises

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

KEY PRINCIPALS

Name Position

· Waleed Tawfiq Mohamed Bahnasi Proprietor & General Manager

LEGAL FORM & OWNERS

Date of Establishment : 16^th July 2003

Legal Form : Sole Proprietorship

Commercial Reg. No. : 8557, Alexandria

Invested Capital : £E 60,000

Mr Waleed Tawfiq Mohamed Bahnasi is the sole proprietor of the business.

AFFILIATED COMPANIES

· El Fagr for Poultry & Fish Feed

Cairo - Alexandria Desert Road, Km 57

Alexandria

Tel: (20-3) 4260899

Fax: (20-3) 4260899

OPERATIONS

Activities: Engaged in the import and distribution of poultry feed, fish feed, additives as well as agricultural machinery and equipment.

Import Countries: Europe and the Far East.

Operating Trend: Steady

Subject has a workforce of 5 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 6,920,000 £E 7,110,000

Local sources consider subject’s financial condition to be Fair.

The above financial figures are based on estimations by our local sources.

BANKERS

· National Bank of Egypt

21 Tosson Street

Alexandria

Tel: (20-3) 4824802 / 4825715

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 business is considered to be a fair trade risk.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.97
UK Pound	1	Rs.77.74
Euro	1	Rs.65.09

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%)

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