|
Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
LUNA CO FOR TRADING INGREDIENTS FOR FOOD AND CHEMICAL INDUSTRIES |
|
|
|
|
Formerly Known As : |
LUNA FREE ZONE CO |
|
|
|
|
Registered Office : |
Amreya Free Zone Alexandria |
|
|
|
|
Country : |
Egypt |
|
|
|
|
Year of Establishment : |
1996 |
|
|
|
|
Com. Reg. No.: |
140335 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Distributors of ingredients for the foodstuff and pharmaceuticals industries. |
|
|
|
|
No. of Employees : |
11 |
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 |
|
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 (31.03.2011) |
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 : LUNA CO FOR TRADING INGREDIENTS FOR FOOD AND CHEMICAL INDUSTRIES
Also Known As : LUNA FREE ZONE CO
Country of Origin : Egypt
Legal Form : Limited Liability Company
Registration Date : 1996
Commercial Registration Number : 140335
Tax Card Number : 204-951-798
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
Total Workforce : 11
Activities : Distributors of ingredients for the foodstuff and pharmaceuticals industries.
Financial Condition : Undetermined
Payments : Nothing detrimental uncovered
Person Interviewed : Magdy Kamal, General Manager
LUNA CO FOR TRADING INGREDIENTS FOR FOOD AND CHEMICAL INDUSTRIES
ALSO KNOWN AS: LUNA FREE ZONE CO
Location : Amreya Free
Zone
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4500495
/ 4500496
Facsimile : (20-3) 4500302
Mobile : (20-122) 3951288
Email : freezone@lunagrp.com
/ info@lunagrp.com
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Amreya Free Zone Area of Alexandria.
Name Position
· Dr George Amin Yousef Chairman
· Ramez George Amin Yousef Managing
Director
· Rania George Amin Yousef Director
· Magdy Kamal General
Manager
Date of
Establishment : 1996
Legal Form : Limited Liability
Company
Commercial Reg.
No. : 140335
Tax Card No. : 204-951-798
Issued Capital : £E 500,000
Paid up Capital : £E 500,000
· Luna Group 100%
72 EL Sharikat Street
Ghamra
PO Box: 43
Cairo 11251
Tel: (20-2)
22361501 / 22344117
Fax: (20-2)
22361504 / 22322858
· Luna Industrial Investments
72 EL Sharikat Street
Ghamra
PO Box: 43
Cairo 11251
Tel: (20-2)
22361501 / 22344117
Fax: (20-2)
22361504 / 22322858
· Luna for Flavors & Fragrances
83 Industrial Zone 2
6th
October City
Tel: (20-2)
38332440
Fax: (20-2)
38332416
· The Egyptian Luna
Company
Zarqa Free Zone
Zarqa
Jordan
Tel: (962-5)
3826507
Fax: (962-5)
3979013
· Luna PAC
Industrial Zone 4, Part 76
6th October City
Tel: (20-2)
38334800
Fax: (20-2)
38334448
Activities: Engaged in the import and distribution of ingredients for the foodstuff and pharmaceuticals industries.
Import Countries: Europe and GCC countries.
Subject has a workforce of 11 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.
·
Bank of Alexandria
6 Salah Salem
Street
Alexandria
Tel: (20-3)
4824056
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.54.42 |
|
|
1 |
Rs.88.29 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.