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Report No. : |
338962 |
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Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
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Name : |
AL AMJAD EGYPTIAN
CO |
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|
|
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Registered Office : |
Jihan Street, Kafr El Sheikh |
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Country : |
Egypt |
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Date of Incorporation : |
21.06.2015 |
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Com. Reg. No.: |
84146, Kafr El Sheikh |
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Legal Form : |
Limited Liability Partnership |
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|
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Line of Business : |
Import and
distribution of chemicals, fertilizers and pesticides. |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
|
-- |
NB |
New Business |
-- |
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Status : |
New Business |
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Payment Behaviour : |
Unknown |
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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 : AL AMJAD
EGYPTIAN CO
Country of Origin : Egypt
Legal Form :
Limited Liability Partnership
Registration Date : 21st
June 2015
Commercial
Registration Number : 84146, Kafr El
Sheikh
Issued Capital : £E
20,000,000
Paid up Capital :
£E 20,000,000
Total Workforce :
7
Activities :
Distributors of chemicals, fertilizers and pesticides
Financial Condition : Undetermined
Payments :
Unknown
Person Interviewed : Mohamed Taha
Abdul Qader, Managing Partner
AL AMJAD EGYPTIAN
CO
Location : Jihan Street
Town : Kafr El Sheikh
Country : Egypt
Telephone : (20-47) 3252801
Mobile : (20-106) 5200168 / (20-102) 3713555
Subject operates
from a small suite of offices that are rented and located in the Central
Business Area of Kafr El Sheikh.
Branch Offices
Location Description
·
Motobis Industrial Area Factory
premises
Kafr El Sheikh
Name Position
·
Mohamed Taha Abdul Qader Managing
Partner
·
Abdullah Taha Abdul Qader Partner
·
Sami Morsi Mohamed El Barbari Partner
·
Kamal Bader Mohamed Salama Partner
·
Sabri Mohamed Waheed Partner
·
Khalid Hassan Ibrahim Partner
·
Ahmed Kamal Morsi Partner
·
Taha El Sadek Taha Administration
Manager
Date of Establishment : 21st
June 2015
Legal Form :
Limited Liability
Partnership
Commercial
Reg. No. : 84146, Kafr El Sheikh
Issued Capital : £E 20,000,000
Paid up Capital : £E 20,000,000
·
Mohamed Taha Abdul Qader
·
Abdullah Taha Abdul Qader
·
Sami Morsi Mohamed El Barbari
·
Kamal Bader Mohamed Salama
·
Sabri Mohamed Waheed
·
Khalid Hassan Ibrahim
·
Ahmed Kamal Morsi
Activities: Engaged in the import and distribution of chemicals,
fertilizers and pesticides.
Import
Countries: India
Subject has a
workforce of 7 employees.
Subject is a newly
formed business and as a result financial information is not currently available.
·
Arab African International Bank
Main Branch
Kafr El Sheikh
Unknown
In view of
subject’s infancy, extensive payment and financial are not available, therefore
dealings are recommended to be on secured terms, and a close monitoring of
subject’s business development is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
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Report Prepared
by : |
NIT |
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.