MIRA INFORM REPORT
|
Report Date : |
05.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
EL BEKHET AL ATAR IMPORTING AND EXPORTING CO |
|
|
|
|
Registered Office : |
178 Mahtet El Souk
Street, Bakoos, Alexandria |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Year of Establishment : |
1989 |
|
|
|
|
Com. Reg. No.: |
58415, Alexandria |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Wholesale and retail of dried foodstuffs, herbs, spices and seeds |
|
|
|
|
No. of Employees
: |
06 |
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 |
|
|
|
|
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 30th, 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 : EL BEKHET AL ATAR IMPORTING AND EXPORTING CO
Country of Origin : Egypt
Legal Form : Sole Proprietorship
Start Date : 1989
Registration Date : 29th August 2008
Commercial Registration Number : 58415, Alexandria
Tax Card Number : 266-910-246
Invested Capital : £E 50,000
Total Workforce : 6
Activities : Wholesale and retail of dried foodstuffs, herbs, spices and seeds.
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 150,000
Person Interviewed : Romani Bekhet Aziz, Proprietor & General Manager
EL BEKHET AL ATAR IMPORTING AND EXPORTING CO
Registered &
Physical Address
Street : 178 Mahtet El Souk Street
Area : Bakoos
Town : Alexandria
Country : Egypt
Telephone : (20-3) 5760553
Facsimile : (20-3) 5754122
Mobile : (20-10) 7393255 / 9878107 /
(20-12) 7758369 / 4090975
Email : elbekhetalatar@gmail.com
Premises
Subject operates
from a small suite of offices and a showroom that are rented and located in the
Central Business Area of Alexandria.
Name Position
·
Romani Bekhet Aziz Proprietor
& General Manager
·
Ramsis Bekhet Aziz Assistant
General Manager
·
Mena Saeed Sales
Manager
Date of Establishment : Subject was
originally established in 1989, however it was registered on 29th
August 2008
Legal Form :
Sole Proprietorship
Commercial Reg. No. : 58415,
Alexandria
Tax Card No. : 266-910-246
Invested Capital
: £E 50,000
Mr Romani Bekhet Aziz is the sole proprietor of the
business.
Activities: Engaged in the wholesale and retail of
dried foodstuffs, herbs, spices and seeds.
Import
Countries: India, Thailand
and China
International
Suppliers:
·
Ajax International India
·
Surjan Impex India
·
Jay Export India
·
Shree Chakra India
·
Shingotex India
·
Kaps
International India
Operating Trend: Steady
Subject has a
workforce of 6 employees.
Financial
highlights provided by local sources are given below:
Currency: Egyptian
Pound (£E)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales £E 10,200,000 £E 10,750,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
National
Societe General Bank
15 Mina Street
Kafr Abdou
Alexandria
Tel: (20-3) 5419991
·
JP
Morgan Chase Bank
United States of America
No complaints
regarding subject’s payments have been reported.
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 and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.35 |
|
UK Pound |
1 |
Rs.78.68 |
|
Euro |
1 |
Rs.65.63 |
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.