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Report No. : |
346500 |
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Report Date : |
30.10.2015 |
IDENTIFICATION DETAILS
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Name : |
NOUR EL HUDA CO |
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Registered Office : |
112 Bab El Bahr Street, Cairo |
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Country : |
Egypt |
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Financials (as on) : |
31.12.2014 |
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Year of Establishment : |
1993 |
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Legal Form : |
General Partnership |
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Line of Business : |
Subject is engaged in the import and distribution of agricultural commodities
and food ingredients including dried fruit, nuts and raw materials for the
confectionery and bakery industries. |
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No. of Employee : |
13 |
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Egypt |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Name :
NOUR EL HUDA CO
Country of Origin :
Egypt
Legal Form :
General Partnership
Registration Date :
1993
Partners Capital :
£E 75,000
Total Workforce : 13
Activities :
Distributors of dried fruit, nuts and raw materials for the confectionery and
bakery industries
Financial Condition :
Fair
Payments :
Nothing detrimental uncovered
Operating Trend :
Steady
NOUR EL HUDA CO
Location : 112 Bab El
Bahr Street
Town : Cairo
Country : Egypt
Telephone : (20-2) 25884483
Facsimile : (20-2)
25881130
Mobile : (20-100)
4910105
Email : nourelhuda_imp@hotmail.com / info@nourelhuda.com
Subject operates from a small suite of offices and a warehouse that are
rented and located in the Central Business Area of Cairo.
Branch Offices
Location Description
· 8 Ali Ashour
Street Office
premises
Eldaher Square
Cairo
Tel: (20-2) 25881050
Name Position
· Abdul Rahman Nazih
Abdul Ghaffar Managing
Partner
· Nazih Abdul
Ghaffar Partner
Date of
Establishment : 1993
Legal Form : General
Partnership
Partners Capital : £E 75,000
· Abdul Rahman Nazih
Abdul Ghaffar
· Nazih Abdul
Ghaffar
Activities: Engaged in the import and distribution of agricultural commodities and
food ingredients including dried
fruit,
nuts and raw materials for the confectionery and bakery industries.
Import Countries: Europe and the Far East.
Operating Trend: Steady
Subject has a workforce of 13 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
6,825,000 £E
7,150,000
Local sources consider subject’s financial condition to be Fair.
The above financial figures are based on estimations by our local
sources.
·
Banque Misr
151 Mohamed Farid
Street
Cairo
Tel: (20-2)
33912711 / 33912106
Fax: (20-2)
33919779
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.a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
|
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ASH |
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.