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Report Date : |
21.03.2012 |
IDENTIFICATION DETAILS
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Name : |
AL AMAL FOR AGRICULTURAL CROPS SAE |
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Registered Office : |
Nadiba, Damanhour Beheira |
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Country : |
Egypt |
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Year of Establishment : |
1970 |
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Com. Reg. No.: |
63424 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Hulling of rice and the sorting and packaging of crops. |
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No. of Employees : |
100 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
US$ 150,000 |
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Status : |
Satisfactory |
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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 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 |
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Restricted |
C2 |
|
Off-credit |
D |
SUMMARY
Company Name : AL AMAL FOR AGRICULTURAL CROPS SAE
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Start Date : 1970
Registration Date : 1990
Commercial Registration Number : 63424
Tax Card Number : 210-736-925
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Total Workforce : 100
Activities : Hulling of rice and the sorting and packaging of crops.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Recommended Credit Limit : US$ 150,000
Person Interviewed : Salama Wahba, Export Manager
AL AMAL FOR AGRICULTURAL CROPS SAE
Location : Nadiba,
Damanhour
Town : Beheira
Country : Egypt
Telephone : (20-45) 3252525
/ 3252626
Facsimile : (20-45)
3252222
Mobile : (20-100)
3030108 / 5766660 / 0236360
Email : alamal@alamal.com
Subject operates from a medium sized suite of offices and a factory that
are rented and located in the Industrial Area of Beheira.
Name Position
· Ragab Mahmoud
Shehata Managing
Director
· Emad Mahmoud
Shehata Director
· Mohamed Abdulwahab Mahmoud Shehata Director
· Salama Wahba Export
Manager
· Mohamed Saeed Financial
Controller
Date of
Establishment : 1970, however
subject was registered in 1990
Legal Form : Egyptian Joint
Stock Company
Commercial Reg.
No. : 63424
Tax Card No. : 210-736-925
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
· Ragab Mahmoud
Shehata 40%
· Emad Mahmoud
Shehata 30%
· Mohamed Abdulwahab Mahmoud Shehata 30%
Activities: Engaged in the hulling of rice and the sorting and packaging of crops,
including peas, sesame seeds,
sunflower seeds, corn, peanuts, dates, chickpeas, cumin, lentils, beans,
fennel and pumpkin seeds.
Import Countries: Europe and the Far East.
Subject has a workforce of 100 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.
·
National Bank of Egypt
Gamal Abdel Nasser
Street
Beheira
Tel: (20-45)
2910482
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 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.50.25 |
|
|
1 |
Rs.79.76 |
|
Euro |
1 |
Rs.66.52 |
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 |
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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 |
|
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.