MIRA
INFORM REPORT
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Report Date : |
31.10.2006 |
IDENTIFICATION
DETAILS
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Name : |
BEN
STITA RADIA |
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Registered Office : |
310 Houari Boumediene, Oran |
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Country : |
Algeria |
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Date of Incorporation : |
November, 2005 |
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Com. Reg. No.: |
0551949A05 |
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Legal Form : |
General Partnership |
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Line of Business : |
Manufacturers and distributors of serviettes and
hygienic paper. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
New
Concern |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME
BEN
STITA RADIA
ADDRESS
Street :
310 Houari Boumediene
Town :
Oran
Country :
Algeria
Telephone : (213 41) 587 466 / 7117 2387 (mobile)
Fax :
(213 41) 587 466
SENIOR COMPANY PERSONNEL
Name Position
Radiua Ben Stita
Managing Director
Total Employees
9
PAYMENTS
Current trade experience of payments has not been traced.
The subject company was established in November 2006.
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Opinion on maximum credit |
As the company has recently started trading and has no financial
or payment track record, we dealing on fully secured terms. |
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Trade risk assessment |
High |
Opinion on the credit figure of EURO 30,000 :
See above comments.
It is normal accepted practice for international suppliers to deal
on secured terms with Algerian importers.
PRINCIPAL BANKERS
NAME : SOCIETE GENERALE D'ALGERIE
Branch : 14 Boulevard de la Soumam
Town : Oran
Telephone : (213 41)
392 906
Fax : (213 41) 395 222
FINANCIAL INFORMATION
As the Company has only recently started trading, relevant
financial information is not available. However, the subject interviewed
offered the following information :
Sales Turnover : AD
12,000,000 - 2006 - projected
Loss : not given - 2006 - projected
LEGAL STATUS AND HISTORY
Date Started : November
2005
C.R. No. :
0551949A05
Capital : not
applicable
Societe en Nom Collectif (general partnership) with the following
partners :
1. Radiua Ben Stita
2. Smain Ben Stita
(brother of the above)
ACTIVITIES
The Company is involved in the following activities :
Manufacturers and distributors of serviettes and hygienic paper.
Imports from Turkey and Tunisia.
FACILITIES
The Company has the following facilities :
280,000 sq. m. rented premises comprising administrative office
and production unit located at the heading address.
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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