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Report Date : |
21.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
ALFAYROUZ CO FOR TRADE |
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|
|
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Registered Office : |
2 Al Salam Al
Istismary Building, 2nd Floor, Flat No. 22, Mohamed Rafaar Street,
Nasr City, Cairo |
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|
|
Country : |
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|
|
|
Year of Establishment : |
1992 |
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|
|
|
Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Distributors of general foodstuff products |
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|
|
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No. of Employees : |
12 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Egypt |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Egypt - ECONOMIC OVERVIEW
Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. Egypt's economy was highly centralized during the rule of former President Gamal Abdel NASSER but opened up considerably under former Presidents Anwar EL-SADAT and Mohamed Hosni MUBARAK. Cairo from 2004 to 2008 aggressively pursued economic reforms to attract foreign investment and facilitate GDP growth. Despite the relatively high levels of economic growth in recent years, living conditions for the average Egyptian remained poor and contributed to public discontent. After unrest erupted in January 2011, the Egyptian Government drastically increased social spending to address public dissatisfaction, but political uncertainty at the same time caused economic growth to slow significantly, reducing the government's revenues. Tourism, manufacturing, and construction are among the hardest hit sectors of the Egyptian economy, and economic growth is likely to remain slow at least through 2012. The government is utilizing foreign exchange reserves to support the Egyptian pound and Egypt may seek a loan from the International Monetary Fund.
|
Source : CIA |
Company Name : ALFAYROUZ CO FOR TRADE
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1992
Issued Capital : £E 150,000
Paid up Capital : £E 150,000
Total Workforce : 12
Activities : Distributors of general foodstuff products.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
ALFAYROUZ CO FOR
TRADE
Registered &
Physical Address
Building : 2 Al Salam Al Istismary Building,
2nd Floor, Flat No. 22
Street : Mohamed Rafaar Street
Area : Nasr City
Town : Cairo
Country : Egypt
Telephone : (20-2) 24021426
Facsimile : (20-2) 24044917
Email : alfayrouz_eg@yahoo.com
Premises
Subject operates from
a small suite of offices that are rented and located in the Central Business
Area of Cairo.
Branch Office (s)
Location Description
·
11
Osman Amin Street Warehouse
premises
Nozha Al Gedida
Cairo
Tel: (20-2) 22639322 / 22612048
Name Position
·
Ehab Al
Saeed Managing
Partner
·
Waheed
Ahmed Partner
Date of Establishment : 1992
Legal Form :
Limited Liability
Partnership
Issued Capital : £E 150,000
Paid up Capital : £E 150,000
Name of Partner
(s)
·
Ehab Al
Saeed
·
Waheed
Ahmed
Activities: Engaged in the import and distribution of
general foodstuff products.
Import
Countries: Europe and the
Far East.
Subject has a
workforce of 12 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.
·
Arab
International Bank
35 Abdel Khalek Sarwat Street
Cairo
Tel : (20-2) 33917702
Fax : (20-2) 33921479
No complaints
regarding subject’s payments have been reported.
Please note that we
were unable to contact the company directly during our investigation.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.91 |
|
UK Pound |
1 |
Rs.87.38 |
|
Euro |
1 |
Rs.70.24 |
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.