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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
3 Belbis Desert Road, Heliopolis,
Cairo 11511 |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Year of Establishment : |
1997 |
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Com. Reg. No.: |
306646, Sharkeya |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Processing and packing of foodstuff |
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No. of Employees : |
560 |
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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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 |
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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 :
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1997
Commercial Registration Number : 306646, Sharkeya
Issued Capital : £E 5,000,000
Paid up Capital : £E 5,000,000
Total Workforce : 560
Activities : Processing and packing of foodstuff
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
ISIS FOR FOOD
PROCESSING CO
Registered &
Physical Address
Street : 3 Belbis Desert Road
Area : Heliopolis
Town : Cairo 11511
Country : Egypt
Telephone : (20-2) 26564123 / 26564124 / 26564125 / 26564126 /
26564140
Facsimile : (20-2) 26564123 /
26566226
Premises
Subject operates
from a large suite of offices that are rented and located in the Suburban
Business Area of Cairo.
Branch Office (s)
Location Description
·
Ard El Kateiba Processing
plant & warehouse
Belbeis
Sharkeya
Tel:
(20-55) 9580114
Fax:
(20-55) 9580115 / 9580002
Name Position
·
Dr. Ibrahim Helmy Ahmed Abu El Eish Managing
Partner
·
Helmy Ibrahim Helmy Ahmed Abu El Eish Partner
·
Dr. Mamdouh Ibrahim Helmy Ahmed Abu El Eish General
Manager
·
Hassan Abu Shady Finance
Manager
·
Mohamed El Badawy Export
Manager
·
Sayed Zaher Administration
Manager
Date of Establishment : 1997
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 306646, Sharkeya
Issued Capital : £E 5,000,000
Paid up Capital : £E 5,000,000
Name of Shareholder
(s) Percentage
·
Sekam Holding for Investment 95%
·
Dr. Ibrahim Helmy Ahmed Abu El Eish ]
] 5%
·
Helmy Ibrahim Helmy Ahmed Abu El Eish ]
Activities: Processing and packing of foodstuff
including organically grown cereals, rice, vegetables, pasta, honey, jams,
dates, spices, herbs, edible oils, and beverages such as herbal tea, coffee and
juice.
Import
Countries: Indonesia and
Malaysia
Export Countries: Germany, Netherlands, United Kingdom and
Italy
Operating Trend: Steady
Subject has a
workforce of approximately 560 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 62,000,000 £E 73,000,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
National
Bank of Egypt
24, Sherif Street
Cairo
Tel: (20-2) 33924175
Fax: (20-2) 33924143
·
Commercial
International Bank (CIB)
Nile Tower Building
21-23 Giza Street
PO Box: 2430
Cairo
Tel: (20-2) 35703043
Fax: (20-2) 35703172 / 35072691
·
National
Societe General Bank
Cairo
Tel: (20-2) 27707777
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
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.