|
Report Date : |
07.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
CHIPSY FOR FOOD INDUSTRIES SAE |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishment : |
1982 |
|
|
|
|
Com. Reg. No.: |
67690 |
|
|
|
|
Legal Form : |
Egyptian Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturers of corn and potato snacks |
|
|
|
|
No. of Employees : |
3,000 |
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 : |
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 – 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 : CHIPSY FOR FOOD INDUSTRIES SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 1982
Commercial Registration Number : 67690
Issued Capital : £E 142,333,710
Paid up Capital : £E 142,333,710
Total Workforce : 3,000
Activities : Manufacturers of corn and potato snacks
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
CHIPSY FOR FOOD
INDUSTRIES SAE
Registered & Physical
Address
Street : 38 Mossadak Street
Area : Dokki, Mohandessin, Giza
PO Box : 27
Town : Cairo
Country : Egypt
Telephone : (20-2) 37610093 / 37610094 / 37610113
/ 37498283 / 27615646
Facsimile : (20-2) 37610093 / 37496787 /
33352736 / 37498283
Mobile : (20-100) 779798
Email : mamdouh.essa@pepsico.com / info@chipsyegypt.com
Premises
Subject operates
from a large suite of offices that are rented and located in the Central
Business Area of Cairo.
Branch Office
(s)
Location Description
·
4th
Industrial Zone, Plot No. 1/4 Warehouse
premises
Street No. 49
6th of October City
Tel: (20-2) 38332701
Fax: (20-2) 38337049
·
Tanash Factory
premises
Embaba, Giza
Cairo
Tel: (20-2) 38910014
Fax: (20-2) 38910900
·
El
Qassassin Road Farm
El Salheya El Gedida
Sharkeya
Tel: (20-16) 200650
Fax: (20-16) 200277
·
Industrial
Zone Factory
premises
Arab El Awamer
Assiut
Tel: (20-88) 4960066
Fax: (20-88) 4960088
Name Position
·
Tarek
Kabeel Chairman
·
Amr
Maamoun Director
·
Jim
Nafez Zaza Director
·
George
Leige Director
·
Mike
White Director
·
Khaled
Ibrahim Abd El Moneim Director
·
Tarek Abd
El Gelil Mansour Director
·
Inas
Basta Finance
Manager
·
Tamer
Musallam Sales
Manager
·
Rim
Affan Marketing
Manager
·
Karim
Khedr Purchasing
Manager
·
Mohamed
Babers IT
Manager
·
Sherif
Hanna Human
Resources Manager
·
Yassin
El Hawary Administration
Manager
Date of Establishment : 1982
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 67690
Issued Capital : £E 142,333,710
Paid up Capital : £E 142,333,710
Name of Shareholder (s) Percentage
·
Pepsi
Cola Egypt 100%
United States of America
Activities: Engaged in the manufacture of corn and
potato snacks.
Export
Countries: Lebanon, Israel
and Tunisia.
Brand Names: CHIPSY, CRUNCHY, LAYS, AL ABTAL, DAMAZ,
CHITOS, FUN and KARATEE
Subject has a
workforce of approximately 3,000 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.
·
Commercial
International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box: 2430
Cairo
Tel: (20-2) 25703043
Fax: (20-2) 25703172 / 25072691
·
Bank of
Alexandria
49 Kasr El Nile Street
Cairo
Tel: (20-2) 24824056 / 24836073
Fax: (20-2) 24837468
·
Citibank
PO Box : 188
Cairo
Tel : (20-2) 33551877 / 33551874
Fax : (20-2) 33558056
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.42 |
|
UK Pound |
1 |
Rs.86.04 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.