MIRA
INFORM REPORT
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Report Date : |
10th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
EURL
OTUS |
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Registered Office : |
Rue
Kaid El Dab, Gare Urbain, Bir Khadem, Algiers |
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Country : |
Algeria |
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Date of Incorporation : |
15
May 2001 |
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Legal Form : |
Single
shareholder limited liability company |
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Line of Business : |
Manufacturers
of pulp products. |
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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yStatus : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
CO. NAME
EURL
OTUS
ADDRESS
Street : Rue Kaid El Dab, Gare Urbain
Area : Bir Khadem
Town : Algiers
Country : Algeria
Telephone :
(213 21) 552 284
Fax : (213 21) 552 480
E-Mail : otus2001@hotmail.com
SENIOR COMPANY PERSONNEL
Name Position
1.
Brahim Mejtouh Managing
Director
2.
Said Zidan General Manager
3.
Samir Mazoozi Commercial Manager
4.
Hassan Ait Amer Financial Manager
Total
Employees : 35-70 (number
fluctuates according to the work in hand)
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
We
consider it is acceptable to deal with subject for SMALL amounts, however in
view of lack of financial information we recommend international suppliers
exercise a degree of caution.
Opinion
on maximum credit : AD 1,400,000
Trade
risk assessment : Normal (see above comments)
It
is normal accepted practice for international suppliers to deal on secured
terms with Algerian importers.
PRINCIPAL BANKERS
NAME : BANQUE DU DEVELOPPEMENT LOCAL SPA
Branch : Rue Gaci Amar Staqueli 5
Town : Algiers
Telephone:
(213 21) 392 820
Fax : (213 21) 393 766
FINANCIAL INFORMATION
Balance
sheets are not available and the subject interviewed declined to give any
financial information, which the company regards as strictly confidential.
LEGAL STATUS AND HISTORY
Date
Started : 15 May 2001
Capital
: not given
Entreprise
Unipersonnelle a Responsabilite Limitee (single shareholder limited liability
company) with the following sole shareholder :
Brahim
Mejtouh
ACTIVITIES
The
Company is involved in the following activities :
Manufacturers
of pulp products.
Production
Capacity : 500 tonnes a year.
Imports
raw materials from Spain, Egypt, Tunisia and Italy.
FACILITIES
The
Company has the following facilities :
1,500
sq.m. owned premises comprising a manufacturing plant, warehousing facilities
and administrative offices located the heading address.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |