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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
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Name : |
GIVAUDAN |
|
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Registered Office : |
3rd Industrial
Zone, Piece 37, 6th October City |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1995 |
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Com. Reg. No.: |
25057 |
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Legal Form : |
Egyptian Joint Stock Company |
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Line of Business : |
Manufacture and export of food flavours |
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No. of Employees : |
100 |
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 : |
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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company Name : GIVAUDAN
Country of Origin : Egypt
Legal Form : Egyptian Joint Stock Company
Registration Date : 1995
Commercial Registration Number : 25057
Issued Capital : US$ 5,000,000
Paid up Capital : US$ 5,000,000
Total Workforce : 100
Activities : Manufacture and export of food flavours
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
GIVAUDAN EGYPT SAE
Registered & Physical
Address
Location : 3rd Industrial Zone,
Piece 37
Town : 6th October City
Country : Egypt
Telephone : (20-2) 38332293
Facsimile : (20-2) 38332302 / 38332303
Premises
Subject operates
from a medium sized suite of offices and a factory that are owned and located
in the Industrial Area of 6th October City.
Name Position
·
Hassan
Adel Chairman
·
Ahmed
Badawy Managing
Director
·
Giovanni
Persitillo Finance
Manager
·
Hossam
Badr Sales
Manager
·
Fathy
Mousa Export Manager
Date of Establishment : 1995
Legal Form :
Egyptian Joint Stock
Company
Commercial Reg. No. : 25057
Tax
Card No. : 100-497-772
Issued Capital : US$ 5,000,000
Paid up Capital : US$ 5,000,000
Name of Shareholder (s) Percentage
·
Givaudan S.A 99.98%
Switzerland
·
Private
investors 0.02%
Activities: Engaged in the manufacture and export of food flavours for use in the manufacturing of snacks
products.
Import
Countries: India, China,
United Kingdom, Switzerland, and the Netherlands
Export
Countries: Algeria, India,
Iran, Netherlands, Pakistan, and Syria
Operating Trend: Steady
Subject has a
workforce of approximately 100 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 86,000,000 £E 113,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Commercial
International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box: 2430
Cairo
Tel: (20-2) 5703043
Fax: (20-2) 5703172 / 5072691
·
HSBC
Bank Egypt
306 Corniche El Nil
Maadi
Cairo
Tel: (20-2) 25298751
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.93 |
|
UK Pound |
1 |
Rs.88.15. |
|
Euro |
1 |
Rs.70.88 |
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.