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Report No. : |
325935 |
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Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
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Name : |
BEDAYA FOR MEAT PROCESSING |
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Registered Office : |
3rd Industrial Zone, Plot 2, Block 21, Entrance 3A, Street No.
4, Borg El Arab, Alexandria |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2014 |
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Date of Incorporation : |
1989 |
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Com. Reg. No.: |
204 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Engaged in the processing of meat products, including luncheon and
smoked meat, burgers and sausages. |
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No. of Employees : |
315 |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Egypt |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
pursued business climate reforms to attract foreign investment and facilitate
growth. Poor living conditions and limited job opportunities for the average
Egyptian contribute to public discontent, a major factor leading to the January
2011 revolution that ousted Mubarak. The uncertain political, security, and
policy environment since 2011 caused economic growth to slow significantly,
hurting tourism, manufacturing, and other sectors and pushing up unemployment.
Weak growth and limited foreign exchange earnings have made public finances
unsustainable, leaving authorities dependent on expensive borrowing for deficit
finance and on Gulf allies to help cover the import bill. Egypt's current
Constitution passed in a referendum that took place in January 2014.
|
Source
: CIA |
Company Name :
BEDAYA
FOR MEAT PROCESSING
Country of Origin :
Egypt
Legal Form :
Limited Liability Partnership
Registration Date :
1989
Commercial Registration Number :
204, Alexandria
Tax Card Number :
720-725-402
Issued Capital :
£E 10,000,000
Paid up Capital :
£E 10,000,000
Total Workforce :
315
Activities :
Processing of meat products.
Financial Condition :
Good
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
Person (s) Interviewed :
Mahmoud Kamal, Financial Controller
BEDAYA FOR MEAT PROCESSING
Registered &
Physical Address
Location : 3rd
Industrial Zone, Plot 2, Block 21, Entrance 3A
Street : Street No. 4
Area : Borg El Arab
Town : Alexandria
Country : Egypt
Telephone : (20-3) 4622175 / 4622176
Facsimile : (20-3) 4622177
Mobile :
(20-100) 2790026 / (20-122) 6500448
Email :
info@bedaya-co.com
/ mohamedammar@beydaya-co.com
/ mkhamis@bedaya-co.com
Premises
Subject operates from a large suite of offices and a factory that are
owned and located in the Industrial Area of Alexandria.
Branch Office (s)
Location Description
3 Masjed El Sheikh Street Office
premises
El Mansheia Street
Alexandria
Tel: (20-3) 4863316
Name Position
Mohamed Khamis Ibrahim Managing
Partner
Ibrahim Khamis Ibrahim Partner
Ahmed Khamis Ibrahim Partner
Amal Khamis Khamis Partner
Amina Hassan Abdallah Partner
Moustafa Ammar Accounts
Manager
Kadry Antar Sales
Manager
Mahmoud Kamal Financial
Controller
Mohamed Amar Production
Manager
Date of Establishment : 1989
Legal Form : Limited Liability
Partnership
Commercial Reg. No. : 204, Alexandria
Industrial Reg. No. : 27534
Tax Card No. : 720-725-402
Issued Capital : £E 10,000,000
Paid up Capital : £E 10,000,000
Name of Partners Percentage
Ibrahim Khamis Ibrahim 25%
Ahmed Khamis Ibrahim 25%
Mohamed Khamis Ibrahim 25%
Amal Khamis Khamis 13%
Amina Hassan Abdallah 12%
Activities: Engaged in the processing of meat products, including luncheon and
smoked meat, burgers and sausages.
Import Countries: Germany, Italy, Brazil, Australia, Ghana, Poland,
France, Japan, Lebanon and India.
International
Suppliers:
ALM Industries Ltd India
M W Khan India
Allansons Ltd India
DT Brazil
Export Countries: Saudi Arabia, Kuwait, and Sudan.
Brand Names: BEDAYA and OZY
Operating Trend: Steady
Subject has a workforce of approximately 315 employees.
Financial highlights provided by local sources are given below:
Currency: Egyptian Pounds (£E)
Year Ending 31/12/13: Year Ending 31/12/14:
Total Sales £E
208,164,339 £E 300,000,000
Local sources consider subject’s financial condition to be Good.
The above figures were provided by Mr Mahmoud Kamal, Financial
Controller
Banque du Caire SAE
5 Salah Salem Street
Alexandria
Tel: (20-3) 4821242
Fax: (20-3) 4834506
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.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
|
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.