MIRA INFORM REPORT
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Report Date : |
3rd May 2006 |
IDENTIFICATION DETAILS
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Name : |
EURL BRIMED IMPORT EXPORT |
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Registered Office : |
Vsa Sidi Lakhal, 12, Cite Iissat
Idir Cheraga, Algiers Algeria |
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Date of Incorporation : |
2005 |
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Legal Form : |
Single shareholder limited liability
company |
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Line of Business : |
General merchants |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
CO. NAME
EURL
BRIMED IMPORT EXPORT (Correct)
EURL
BRIMED IMP EXP (Requested)
ADDRESS
Street : Vsa Sidi Lakhal, 12, Cite Iissat Idir
Area : Cheraga
Town : Algiers
Country : Algeria
Telephone :
(213 21) 360 296
Fax : (213 21) 360 296
SENIOR COMPANY PERSONNEL
Name Position
Imed Benb
Braik Managing Director
PAYMENTS
Current
trade experience of payments has not been traced.
Our
sources were unable to contact subject directly and obtain financial
information.
Our show
the following telephone number for the subject's office, (213 21) 360 296. This
number is continuously unobtainable (out of service) and no new number is
listed for the company.
Opinion on
maximum credit :
In view of
the above we have insufficient basis on which to speak for unsecured
credit and
recommend dealing on fully secured terms for all transactions
pending
fuller knowledge.
Trade risk
assessment : No classification
Opinion on
the credit figure of EURO 50,000 :
See above
comments.
It is
normal accepted practice for international suppliers to deal on secured terms
with Algerian importers.
PRINCIPAL BANKERS
NAME : ALGERIA GULF BANK
Branch : Chemin Macklay Sidi Merzoug Villa n° 17
Ben Aknoun
Town : Algiers
Telephone:
(213 21) 910 031
Fax : (213 21) 916 890
Account
no: 009407-2500-01-001
This Bank
has been approached however, further details regarding the subject have not
been made available.
FINANCIAL INFORMATION
Balance
sheets are not available. Financial information could not be obtained from
other sources.
LEGAL STATUS AND HISTORY
Date
Started : 2005 (not confirmed)
C.R. No. :
0967513B05
Capital :
not given
Entreprise
Unipersonnelle a Responsabilite Limitee (single shareholder limited liability
company) with the following sole shareholder :
Imed Benb
Braik
ACTIVITIES
The Company
is involved in the following activities :
General
merchants.
FACILITIES
The
Company has the following facilities :
Office
premises located in Algiers.
RATING EXPLANATIONS
RATING
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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 |