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Report No. : |
343132 |
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Report Date : |
06.10.2015 |
IDENTIFICATION DETAILS
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Name : |
AGRO FOOD COMPANY |
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Registered Office : |
3 El Sheikh El Ghazali Street, Off Mosdaq Street, Dokki, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2014 |
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Year of Establishment
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1993 |
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Com. Reg. No.: |
137009 |
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Legal Form : |
Limited Liability Partnership |
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Line of Business : |
Subject is engaged
in the cultivation and distribution of fruit and vegetables including beans,
onions, potatoes and asparagus. |
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No. of Employees : |
35 |
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 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Egypt |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
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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 : AGRO FOOD COMPANY
Country of Origin : Egypt
Legal Form : Limited Liability Partnership
Registration Date : 1993
Commercial Registration Number : 137009, Cairo
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
Total Workforce : 35
Activities : Cultivation and distribution of fruits and vegetables
Financial Condition : Fair
Payments : Nothing detrimental uncovered
Operating Trend : Steady
Person Interviewed : Nada Boulis, Director
AGRO FOOD COMPANY
Street : 3 El Sheikh El Ghazali Street,
Off Mosdaq Street
Area : Dokki
Town : Cairo
Country : Egypt
Telephone : (20-2) 37601028 / 37494028
Facsimile : (20-2) 37485097
Email : logistics@agrofood.com.eg
Please note that
subject’s previous address was, 65, First Industrial Area, New Nuibaria City.
Subject operates
from a medium sized suite of offices that are rented and located in the Central
Business Area of Cairo.
Name Position
·
Salah
Hegazi Managing
Partner
·
Nada
Boulis Partner
·
Ahmed
Saleh Partner
Date of Establishment : 1993
Legal Form :
Limited Liability
Partnership
Commercial Reg. No. : 137009,
Cairo
Issued Capital : £E 100,000
Paid up Capital : £E 100,000
·
Salah
Hegazi
·
Nada
Boulis
·
Ahmed
Saleh
·
Bio
Agro Company
3 El Sheikh El Ghazali Street, Off Mosdaq
Street
Dokki
Cairo
Activities: Engaged in the cultivation and distribution
of fruit and vegetables including beans, onions, potatoes
and asparagus.
Operating Trend: Steady
Subject has a
workforce of 35 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 16,200,000 £E 16,950,000
Local sources
consider subject’s financial condition to be Fair.
The above financial
figures are based on estimations by our local sources.
·
Arab
Banking Corporation
PO Box: 781
Cairo
Tel: (20-2) 25745488 / 25780417
Fax: (20-2) 25780416
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
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.29 |
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UK Pound |
1 |
Rs.99.31 |
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Euro |
1 |
Rs.73.39 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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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 |
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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 |
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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 |
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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.