MIRA INFORM REPORT
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Report Date : |
10.03.2012 |
IDENTIFICATION DETAILS
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Name : |
BEDAYA FOR MEAT PROCESSING |
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Registered Office : |
3rd Industrial
Zone, Plot 2, Block 21, Entrance 3A, Street No. 4, Borg El Arab, Alexandria |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1989 |
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Com. Reg. No.: |
204, Alexandria |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Processing of meat products |
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No. of Employees
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300 |
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$ 1,000,000 |
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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
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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 |
Company Name : BEDAYA FOR MEAT PROCESSING
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1989
Commercial Registration Number : 204, Alexandria
Tax Card Number : 720-725-402
Issued Capital : £E 3,000,000
Paid up Capital : £E 3,000,000
Total Workforce : 300
Activities : Processing of meat products
Financial Condition : Good
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit Limit : US$ 1,000,000
BEDAYA FOR MEAT
PROCESSING
Registered &
Physical Address
Location : 3rd Industrial Zone,
Plot 2, Block 21, Entrance 3A, Street No. 4
Area : Borg El Arab
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4592405
/ 4592406
Facsimile : (20-3) 4593238
Premises
Subject operates
from a large suite of offices and a factory that are owned and located in the
Industrial Area of Alexandria.
Branch Office (s)
Location Description
·
3 Masjed El Sheikh Street Office
premises
El Mansheia Street
Alexandria
Tel: (20-3) 4863316
Name Position
·
Ibrahim Khamis Ibrahim Managing
Partner
·
Ahmed Khamis Ibrahim Partner
·
Moustafa Ammar Accounts
Manager
·
Kadry Antar Sales
Manager
·
Mohamed Khamis Ibrahim Production
Manager
·
Mahmoud
Kamal Financial
Manager
Date of Establishment : 1989
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 204, Alexandria
Industrial Reg. No. : 27534
Tax
Card No. : 720-725-402
Issued Capital : £E 3,000,000
Paid up Capital : £E 3,000,000
Name of Shareholder
(s) Percentage
·
Ibrahim Khamis Ibrahim 25%
·
Ahmed Khamis Ibrahim 25%
·
Mohamed Khamis Ibrahim 25%
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Amal
Khamis Khamis 13%
·
Amina
Hassan Abdallah 12%
Activities: Engaged in the
processing of meat products, including luncheon and smoked meat, burgers and
sausages.
Import
Countries: Germany, Italy,
Brazil, Australia, Ghana, Poland, France, Japan, Lebanon and India.
Export
Countries: Saudi Arabia, Kuwait, and Sudan
Brand Names: BEDAYA and OZY
Operating Trend: Steady
Subject has a
workforce of approximately 300 employees.
Financial highlights
provided by local sources are given below:
Currency: Egyptian
Pounds (£E)
Year
Ending 31/12/10: Year
Ending 31/12/11:
Total Sales £E 169,995,506 £E 195,552,590
Local sources
consider subject’s financial condition to be Good.
The above financial
figures are based on estimations by our local sources.
·
Banque
du Caire SAE
5 Salah Salem Street
Alexandria
Tel: (20-3) 4821242
Fax: (20-3) 4834506
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
company is considered to be a fair trade risk and the above credit figure is
within subject’s financial means.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.02 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.66.18 |
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.