MIRA
INFORM REPORT
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Report Date : |
14th
June, 2006. |
IDENTIFICATION
DETAILS
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Name : |
GM
AUTO SARL |
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Registered Office : |
110 Place Theus St Eugen, Oran, Post Code: 31000, Algeria |
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Country : |
Algeria |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
01B0525010 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and Retailers of Vehicle Spare Parts
and Components |
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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Maximum Credit Limit : |
AD 5,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
COMPANY NAME
GM AUTOS SARL
ADDRESS
Street : 10 Place Theus St Eugene
Town : Oran
Post Code : 31000
Country : Algeria
Telephone : (213 41) 452 488 / 458 319
Fax : (213 41) 466 124
E-Mail : sarlgmauto@yahoo.fr
SENIOR COMPANY PERSONNEL
Name Position
Amar Yazid Arar Managing Director
Total Employees : 18
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.
Opinion on maximum credit :
AD 5,000,000
Trade risk assessment :
Normal
Opinion on the credit figure of EURO 30,000:
We consider the above figure to be within the company's financial
capabilities.
PRINCIPAL BANKERS
NAME : NATEXIS BANQUE POPULAIRE
Branch : Agence 411, Cite Hai El
Moudjahidine. R
Street : Rue Larbi Ben M'hidi
Town : Oran 31000
Telephone : (213 41)
408 621
Fax : (213 41) 408 566
Account : 32114119550901
Subject also has an account with:
Arab Banking Corporation Algeria Spa Oran
3eme, Boulevard Peripherique USTO
Oran 31000
Telephone : (213 41)
429 858 / 429 859 / 429 860 / 429 862
Fax : (213 41) 429 868
FINANCIAL INFORMATION
Balance sheets are not available. However, the subject interviewed
offered the following information :
Sales Turnover : EUR0 4,000,000 - 2005 - exact
: EURO 5,000,000 - 2006 -
projected
Net Profit : not given buit stated to be 10-15 %
Financial year ends 31 December.
LEGAL STATUS AND HISTORY
Date Started : 1992
C.R. No. :
01B0525010
Capital : AD
20,000,000
Societe a Responsibilite Limitee (limited liability company) with
the following shareholders :
1. Amar Yazid Arar
2. Undisclosed shareholders
ACTIVITIES
The Company is involved in the following activities :
Importers and retailers of vehicle spare parts and components.
Imports from Spain, Italy, Argentina and Taiwan.
FACILITIES
The Company has the following facilities :
Office premises, garage and storage facilities located at 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 |