MIRA
INFORM REPORT
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Report Date : |
26th
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
BEN
OUADHAH BOUBAKER |
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Registered Office : |
26420
Djouab, Wilaya de Medea, Algeria |
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Country : |
Algeria |
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Date of Incorporation : |
2005 |
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Com. Reg. No.: |
05A1728063 |
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Legal Form : |
Proprietorship
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Line of Business : |
Processors
and distributors of paper products such as toilet paper. |
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 : |
New
Concern |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
CO. NAME
BEN
OUADHAH BOUBAKER (Correct)
BEN
OUADAH BOUBAKEUR (Requested)
ADDRESS
Town : 26420 Djouab
Province
: Wilaya de Medea
Country : Algeria
Telephone :
(213 21) 371 969
Fax : (213 21) 371 743
SENIOR COMPANY PERSONNEL
Name Position
Boubeker
Ben Ouahdah General Manager / Owner
Total
Employees : 10
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
Subject
is a relatively newly established company (2005).
We
consider it is acceptable to deal with subject for SMALL amounts, however in
view of the lack of financial information a degree of caution should be
exercised.
Opinion
on maximum credit : AD 1,500,000 (due attention will be given to above remarks)
Trade
risk assessment: Normal
Opinion
on the credit figure of EURO 100,000 :
The
above figure is higher than normally seen in one amount, however could prove
admissible in a series of 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 : TRUST BANK ALGERIA
Branch : Main Branch
Street : Chemin Larbi Allik No. 70
P.O.
Box : 187, Makki Ben Aknoun 16031, Alger
Town : Hydra, ALger
Telephone:
(213 21) 549 755
Fax : (213 21) 549 750
Acc.
No. : 161220140005814600
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 : 2005
C.R.
No. : 05A1728063
Capital
: not applicable
Affaire
Personnelle (proprietorship) owned by Boubaker Ben Ouadhah.
ACTIVITIES
The
Company is involved in the following activities :
Processors
and distributors of paper products such as toilet paper.
Imports
from India, China and European countries.
FACILITIES
The
Company has the following facilities :
Office
premises, factory and storage facilities located in Djouab.
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 |