Attachment 1
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Report
Update On |
14th October, 2002 |
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Report on |
PROMOTEX STE DE PROMOTION DU
TEXTILE |
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Registered Office |
Rte De Naassen, Zi Bir El Kassaa, Bir El Kassaa, Tunisia |
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Tel. No. |
71 382 709 |
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Fax No. |
71 382 176 |
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E-Mail |
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Telex |
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Attachment 2
SUMMARY
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Incorporated |
01.01.1974 |
Status |
Satisfactory |
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Registration No. |
B12031998 |
Chief Executive |
Mr. Aissi Habib |
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Capital (TND) |
730,000 |
Payments |
Regular |
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Sales (TND) |
7,085,363 |
Litigation |
Clear |
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Net Worth (TND) |
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Banking Reputation |
Good |
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No. of Employees |
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Auditors |
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Credit Rating |
Ba (See attachment 3) |
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Address: |
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RTE
DE NAASSEN ZI BIR EL KASSAA |
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Town: |
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BIR
EL KASSAA |
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Zip
Code: |
2059 |
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Country: |
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TUNISIA |
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Telephone: |
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71,382,709 |
Fax: |
71,382,176 |
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GENERAL DATA
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Commerce
registration: |
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B12031998 |
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Customs
registration: |
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121,736
F |
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Tax
Contributor Reg.: |
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1189KAM000 |
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Legal
Form: |
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JOINT
STOCK COMPANY (SA) |
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Present
Reg. Capital: |
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730,000 |
TND |
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Date
of incorporation: |
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01-01-74 |
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Management: |
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Chairman
& General Manager: |
SEGHAIER
TAREK |
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ACTIVITIES
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Line
of Business: |
FABRIC WEAVING FOR UNIFORMS |
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Activity
Sector: |
OTHER
TEXTILES WEAVING |
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Employees: |
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62 |
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Factories/
Branches: |
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WAREHOUSE |
RTE DE NAASSEN ZI BIR EL KASSAA 2059 BIR EL KASSAA |
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SALES
OUTLET |
16
RUE COUR DES PETITES ECURIES 1000
TUNIS |
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SALES
OUTLET |
41
RUE MONGI SLIM 1000 TUNIS |
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HEAD
OFFICE |
RTE DE NAASSEN ZI BIR EL KASSAA 2059 BIR EL KASSAA |
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Major
Brands: |
PROMOTEX |
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Group: |
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FINANCIAL DATA
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Shareholders: |
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AISSI
HABIB |
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35% |
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HASSINE
BECHIR |
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28% |
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HASSINE
JEANINE |
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14% |
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SEGHAIER
TARAK |
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5% |
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HASSINE
SANDRA |
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3% |
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HASSINE
MAHDI |
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3% |
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AISSI
MOHAMED |
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12% |
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Banks'
References: |
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STB |
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MEGRINE |
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Fiascal
Years |
31-12-01 |
31-12-00 |
31-12-99 |
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Annual
Gross sales: |
7,085,363 |
7,100,000 |
7,438,579 |
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Net
Income: |
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464,519 |
300,000 |
320,933 |
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Balance
sheet: |
NO |
NO |
NO |
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(available
or not) |
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Property
- Company assets: |
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WAREHOUSE |
ON
PROPERTY |
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SALES
OUTLET |
ON
RENT |
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SALES
OUTLET |
ON
RENT |
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HEAD
OFFICE |
ON
PROPERTY |
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TRADE & PAYMENT INFORMATION
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Banks'
Opinion: |
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GOOD |
Trade
Payment: |
REGULAR |
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Company's
Negative Occurrence: |
NO |
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Trade
Commercial Opinion: |
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COMMENTS
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PROMOTEX
was in the begining a limited liability company changed in a joint-stock
company
in April 2001. The subject is involved in fabric weaving for uniforms.
It
imports wool yarn and polyester strand from John Haggas, STOHR, FLASA,
EGARFIL,
SALEM UNITRADE, FILATURE HUBINET,… (England, Spain, France, Italy,
Germany,
Swizerland, India,…)
In
2001, the import volume is about TND 3 113 232.
The
concern has exported toward France, England, Canada, USA, North Korea, India,
Swizerland,…
for TND 221 356.
Its
main foreign clients are SANDY, GRAHAM SMITH, MAGHASON,…
Its main
local clients are the ministries, TUNISAIR, SNT, BENNET, GROTEX, COTEX,
DOUANES
TUNISIENNES, BEN MLOUKA, …
The
subject has increased its capital by TND 250 000 (from TND 480 000 to TND
730
000) in November 2000.
According
to the bank, the subject is solvant and it is acceptable to deal with.
Other
Businesses:
v
SENDRAP
v
TRIHOM
TEXTILE
Attachment 3
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SCORE SHEET |
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SCORE |
CREDIT 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. Maybe drawn to
slightly difficult position as unfavourable conditions arise. Minimal assurance
for timely payment on interest and principal sums |
Moderate |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively limited or considered
not known. Capability to pay both interest and principal sums is doubtful |
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 |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate
to let us know.
Thank you.
______________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
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GOOD |
FAIR |
POOR |
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Content |
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Layout and
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Further Comments/Suggestion :
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Company’s Stamp &
Signature