|
Report Date : |
05.04.2014 |
|
|
|
|
Tel. No.: |
0238029054 |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
No Trace |
|
|
|
|
Payment Behaviour : |
-- |
|
|
|
|
Litigation : |
-- |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Egypt |
B1 |
B1 |
|
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 growth. Poor living conditions combined with limited job
opportunities for the average Egyptian contribute to public discontent. After
unrest erupted in January 2011, the Egyptian Government backtracked on economic
reforms, drastically increasing 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 were among the hardest hit sectors of the
Egyptian economy, pushing up unemployment levels, and economic growth remains
slow amid political uncertainty, government transitions, unrest, and cycles of
violence. Cairo since 2011 has drawn down foreign exchange reserves and
depended on foreign assistance, particularly from Gulf countries, to finance
imports and energy products and prevent further devaluation of the Egyptian
pound, fearing higher inflation from a weaker currency.
|
Source
: CIA |
ELENANY FOR COMMODITIES FOOD CO
Physical Address
Location : Industrial
Area, Giza
Town : 6th
of October City
Country : Egypt
Telephone : (20-2) 38029054
Upon investigation local sources were unable to locate a company called
“Elenany for Commodities Food Co” in Egypt. They also consulted local business
directories and journals, as well as the local telephone operator however there
was no mention of the subject of your enquiry.
Enquiries made with the local Chambers of Commerce also proved
unsuccessful as they had no listing under the name of “Elenany for Commodities
Food Co”. The telephone number listed above was tried on numerous occasions but
remained unanswered.
Should you be able to provide us with any further information on the
subject of your enquiry we shall re-investigate and endeavour to send you a
full report as soon as possible.
Important Note:
Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.