MIRA
INFORM REPORT
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Report Date : |
2nd
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE ZENATI INVESTISSEMENT SARL |
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Registered Office : |
Cite Soualeh El Bayada El Oued, Algeria |
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Country : |
Algeria |
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Date of Incorporation : |
2002 |
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Legal Form : |
Limited liability company |
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Line of Business : |
Engaged in trading as importers, wholesalers and
retailers of IT furniture. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
CO. NAME
SOCIETE ZENATI INVESTISSEMENT SARL
ADDRESS
Street : Cite Soualeh El Bayada
Town :
El Oued
Country :
Algeria
Telephone : (213 32) 222 408 / (213) 7086 0425 (mobile)
Fax :
(213 32) 222 385
SENIOR COMPANY PERSONNEL
Name Position
Abdel Hamid Zenati Director
Total Employees : 5
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, although it is normal accepted practice for international suppliers to
deal on secured terms with Algerian importers.
Opinion on maximum credit : AD 700,000
Trade risk assessment : Normal
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.
PRINCIPAL BANKERS
NAME : CREDIT POPULAIRE D'ALGERIE (CPA)
Branch : 2 Boulevard Colonel Amirouche
PO Box : 856
Town : Algiers
Telephone : (213 2)
611 334 / 632 855
Fax : (213 2) 632 855
The company also has an account with the following bank:
Bank al Baraka D'Algeri
Ben Aknoun
Haï Bouteldja Houidef. Villa N°01 Rocade Sud
Algiers
Telephone: (213 21) 91 64 50/51/52/53/54/55
Fax : (213 21) 91 64
57/58
SWIFT : BRKA-DZ-AL
FINANCIAL INFORMATION
Balance sheets are not available. However, the subject interviewed
offered the following information :
Sales Turnover : AD
20,000,000 - 2005 - exact
Net Profit : not
given but stated to be 10 %
LEGAL STATUS AND HISTORY
Date Started : 2002
History : The company was incorporated in Algeria in 2002.
Capital : AD 20,000,000
Societe a Responsibilite Limitee (limited liability company) with
the following sole shareholder :
Abdel Hamid Zenati
ACTIVITIES
The Company is involved in the following activities :
Trading as importers, wholesalers and retailers of IT furniture.
Imports from China, Canada, UK, Europe and Middle East.
FACILITIES
The Company has the following facilities :
Owned premises comprising offices, warehouse and retail outlet
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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