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Report Date : |
19.05.2012 |
IDENTIFICATION DETAILS
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Name : |
EMBEE INTERNATIONAL INDUSTRIES |
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Registered Office : |
Public Free Zone,
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Country : |
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Year of Establishment : |
2001 |
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Com. Reg. No.: |
31709, Ismailia |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacturers of clothing |
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No. of Employees : |
2,900 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – 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 |
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Restricted |
C2 |
|
Off-credit |
D |
Company Name : EMBEE INTERNATIONAL INDUSTRIES
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 2001
Commercial Registration Number : 31709, Ismailia
Tax Card Number : 205-114-067
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Total Workforce : 2,900
Activities : Manufacturers of clothing.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
EMBEE INTERNATIONAL
Registered &
Physical Address
Location : Public Free Zone
Town : Ismailia
Country : Egypt
Telephone : (20-64) 3481920 / 3481922 / 3481924 /
3481926
Facsimile : (20-64) 3841920
Email : embee@eg.embeegroup.com
Premises
Subject operates
from a large suite of offices and a factory that are rented and located in the
Public Free Zone Area of Ismailia.
Branch Office
(s)
Location Description
·
1B
Industrial Zone, Plot 3/5/4 Warehouse
premises
10th Of Ramadan
Sharkeya
Tel: (20-15) 412434
Fax: (20-15) 412433
Name Nationality Position
·
Pheshemper
Sanderendalani Badalani Indian Chairman
·
Sanjay
Assory Indian Managing Director
·
Baharati
Badalani Indian Director
·
Ahmed
Said - IT Manager
Date of Establishment : 2001
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 31709,
Ismailia
Tax
Card No. : 205-114-067
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Name of Shareholder
(s) Percentage
·
Baharati
Badalani 75%
·
Pheshemper
Sanderendalani Badalani 23%
·
Sanjay
Assory 2%
·
Embee
International LLC
Double Cola Road
Industrial Area No. 5, Plot No. 4
PO Box: 2509
Sharjah
United Arab Emirates
Tel: (971-6) 5333175
Fax: (971-6) 5434010
Email: embee@emirates.net.ae
Activities: Engaged in the manufacture of men’s and women’s
clothing. Subject produces clothing for K-Mart, Wal-Mart and Gap.
Import
Countries: India, China,
United Arab Emirates, Taiwan, Pakistan, Germany and the United States of
America.
Export
Countries: Germany, United
Kingdom, United States of America, Canada, Saudi Arabia, Italy and Romania.
Subject has a
workforce of approximately 2,900 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
El Tahrir & Khaled Ibn El Waled Streets
Ismailia
Tel: (20-64) 3325900
Fax: (20-64) 3320386
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.54.88 |
|
UK Pound |
1 |
Rs.86.46 |
|
Euro |
1 |
Rs.69.49 |
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.