MIRA
INFORM REPORT
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Report Date : |
24th
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
EURL ERIDHA |
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Registered Office : |
Cite SNTR,
Setif Algeria |
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Country : |
Algeria |
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Date of Incorporation : |
2000 |
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Legal Form : |
Single shareholder limited liability company |
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Line of Business : |
Importers and processors of paper to serviettes
and tissues |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
CO. NAME
EURL ERIDHA
ADDRESS
Street : Cite SNTR
Town :
Setif
Country :
Algeria
Telephone : (213 36) 837 669 / / 6135 0082
Fax :
(213 36) 849 252
SENIOR COMPANY PERSONNEL
Name Position
Abdulhak L'Amech Managing
Director
Total Employees : 3 (administrative)
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 the lack of financial information
international suppliers may prefer to exercise some caution.
Opinion on maximum credit : AD 1,000,000
Trade risk assessment : Above average
Opinion on the credit figure of EURO 100,000 :
The above figure is much higher than normally seen
in one amount, however could prove
admissible in a series of several transactions provided the total indebtedness
is strictly monitored.
It is normal accepted practice for international
suppliers to deal on secured terms with Algerian importers.
PRINCIPAL BANKERS
NAME :
SOCIETE GENERALE
Branch :
Chiragua
PO Box :
294
Town :
Algiers
Telephone: (213 21) 21 361 604
Fax :
(213 21) 21 361 601
Account No: 0210003113000056324
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 : 2000
Capital : not given
Entreprise Unipersonnelle a Responsabilite Limitee
(single shareholder limited liability company) with the following sole
shareholder :
Abdulhak L'Amech
ACTIVITIES
The Company is involved in the following activities
:
Importers and processors of paper to serviettes and
tissues.
Imports from Tunisia.
FACILITIES
The Company has the following facilities :
Office premises and production unit located at the
heading address.
SPECIAL NOTE
The Address 4 Rue de la Tour, Hai Ousama Boulanger
, Oran and Reg. No 0551945A05 were unfamiliar to subject interviewed. Please
note the correct address as per heading.
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 |