MIRA
INFORM REPORT
|
Report Date : |
22nd
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
EURL
SAIDI YACINE AHRAS PAPIER |
|
|
|
|
Registered Office : |
7
Rue Victor Hugo, Souk Ahras Algeria |
|
|
|
|
Country : |
Algeria |
|
|
|
|
Date of Incorporation : |
2002 |
|
|
|
|
Com. Reg. No.: |
03B0502450 |
|
|
|
|
Legal Form : |
Single
shareholder limited liability company |
|
|
|
|
Line of Business : |
Processors
of all kinds of paper. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Small
Concern |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
CO. NAME
EURL
SAIDI YACINE AHRAS PAPIER
ADDRESS
Street : 7 Rue Victor Hugo
Town : Souk Ahras
Country : Algeria
Telephone :
(213 37) 327 218 / (213 61) 390 529 (Owner's telephone number)
Fax : (213 37) 327 218
SENIOR COMPANY PERSONNEL
Name Position
Yacine
Saidi Managing Director
Total
Employees : 12
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, although it
is normal accepted practice for international suppliers to deal on secured
terms with Algerian importers.
Opinion
on maximum credit : AD 1,000,000
Trade
risk assessment : Normal
PRINCIPAL BANKERS
NAME : BANQUE DE L'AGRICULTURE ET DU
DEVELOPEMENT RURAL (B.A.D.R)
Branch : 31 Rue Victor Hugo
Town : Souk Ahras 41000
Telephone:
(213 37) 328 376
Fax : (213 37) 328 482
Subject
also has an account with Societe Generale d'Algerie.
FINANCIAL INFORMATION
Balance
sheets are not available. However, the subject interviewed offered the
following information :
Sales
Turnover : AD 38,000,000 - 2003 - exact
: AD 40,000,000 - 2004 - exact
: AD 60,000,000 - 2005 - exact
Net
Profit : not given but stated
to be 15 %
Financial
year ends 31 December.
LEGAL STATUS AND HISTORY
Date
Started : 2002
C.R.
No. : 03B0502450
Capital
: AD 10,000,000
Entreprise
Unipersonnelle a Responsabilite Limitee (single shareholder limited liability
company) with the following sole shareholder :
Yacine
Saidi
ACTIVITIES
The
Company is involved in the following activities :
Processors
of all kinds of paper.
Imports
raw materials from Tunisia.
FACILITIES
The
Company has the following facilities :
Owned
premises comprising factory and administrative offices located at the heading
address.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |