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Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
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Name : |
ALAMIR COMPANY
MANUFACTURING & PREPARING AGRO PRODUCTS |
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Registered Office : |
Abu El Matamir, Hosh
Eissa, Beheira |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
1978 |
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Legal Form : |
General Partnership |
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Line of Business : |
Packaging and distribution of agricultural crops, beans, sesame and
pumpkin seeds, marrows, peanuts, peas, rice and fennel. |
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No. of Employees : |
50 |
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$ 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 |
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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 :
ALAMIR COMPANY MANUFACTURING & PREPARING AGRO
PRODUCTS
Country of Origin : Egypt
Legal Form :
General Partnership
Registration Date : 1978
Partners Capital : £E 250,000
Total Workforce : 50
Activities :
Packaging and distribution of agricultural crops, beans, sesame and
pumpkin seeds, marrows, peanuts, peas, rice
and fennel.
Financial Condition : Fair
Payments :
Nothing detrimental uncovered
Operating Trend : Steady
Recommended Credit
Limit : US$ 150,000
ALAMIR COMPANY
MANUFACTURING & PREPARING AGRO PRODUCTS
Street : Damanhour Road
Area : Abu El Matamir, Hosh Eissa
Town : Beheira
Country : Egypt
Telephone : (20-45) 2702911 / 2702386 / 2700386
Facsimile : (20-45) 2705911
Mobile : (20-122) 3138631
Email : info@alamireg.com / farouk@alamireg.com
Subject operates
from a medium sized suite of offices and a warehouse that are rented and
located in the Central Business Area of Beheira.
Name Position
·
Farouk Mahmoud
Mohamed Afash Managing
Partner
·
Amir
Mahmoud Mohamed Afash Partner
·
Nahed
Moustafa Abd El Aziz Financial
Manager
·
Alaa
Mohamed Public
Relations Manager
·
Khaled
Moustafa Production
Manager
·
Abd El
Aziz Moustafa Abd El Aziz Technical
Manager
Date of Establishment : 1978
Legal Form :
General Partnership
Partners Capital : £E 250,000
·
Farouk
Mahmoud Mohamed Afash
·
Amir
Mahmoud Mohamed Afash
Activities: Engaged in the import, packaging and
distribution of agricultural crops, beans, sesame and pumpkin
seeds, marrows, peanuts,
peas, rice and fennel.
Import
Countries: United Kingdom
and South America
Export Countries:
Liberia, Tunisia, Saudi Arabia, Kuwait, Syria, Italy, Romania, Spain, France,
United Arab Emirates,
Sudan, Jordan, Morocco, Africa, South America and Asia.
Operating Trend: Steady
Subject has a
workforce of 50 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 11,475,000 £E 12,200,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Arab
Bank Plc
PO Box: 68
Cairo
Tel: (20-2) 33029069 / 33029070
Fax: (20-2) 33029068
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.51.15 |
|
|
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.68.34 |
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.