MIRA
INFORM REPORT
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Report Date : |
16th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
MOTOREST
SARL |
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Registered Office : |
Route de Aout, Cite El Nassim, P.O. Box: 503, Constantine 25000, Algeria |
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Country : |
Algeria |
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Date of Incorporation : |
1994 |
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Com. Reg. No.: |
99B0062841 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers and distributors of heavy
trucks spare parts |
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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Maximum Credit Limit : |
AD
5,000,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
COMPANY NAME
MOTOREST SARL
ADDRESS
Street : Route de Aout
Area : Cite El Nassim
P.O. Box : 503
Town :
Constantine
Post Code : 25000
Country :
Algeria
Telephone : (213 31) 612 856
Fax :
(213 31) 632 550
E-Mail :
motorest@hotmail.com
SENIOR COMPANY PERSONNEL
Name Position
Raouf Derrouiche Managing
Director
Total Employees :
40
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 5,000,000
Trade risk assessment : Normal
Opinion on the crdit figure of EURO 30,000 :
We consider the above figure to be within the
company's financial capabilities.
PRINCIPAL BANKERS
NAME : BANQUE NATIONALE D'ALGERIE
Branch : Agence 850 Filali
Street : 1 Place 1er du
Novembre
Town : Constantine
Telephone :
(213 31) 642 238 / 642 235
FINANCIAL INFORMATION
Balance sheets are not available. However, the
subject interviewed offered the following information :
Sales Turnover
: AD 200,000,000 - 2002 - exact
: AD 240,000,000 - 2003 - exact
: AD 300,000,000 - 2004 - exact
: AD 320,000,000 - 2005 - exact
Net Profit
: not given but stated to be 3% to 3.5%
LEGAL STATUS AND HISTORY
Date Started :
1994
History :
The company was incorporated in Algeria in 1994.
C.R. No. :
99B0062841
Capital :
AD 5,000,000
Societe a Responsibilite Limitee (limited liability
company) with the following shareholders :
Percentage
1. Raouf Derrouiche 50%
2. Hocine Belaid 50%
ACTIVITIES
The Company is involved in the following activities
:
Trading as importers and distributors of heavy
trucks spare parts.
Maintenance and repair after sales services.
Imports from Germany, Slovakia, Spain, South Africa
and Italy.
Trade suppliers include :
- Iskra
Slovakia
Tel (38
653) 393 801
- Mahle
Germany
Tel No (49
711) 501 2587
- Ajusa
Spain
Tel No (34
967) 216 2121
- Sabex
South
Africa
Tel No (27
32) 313 3200
- REAL
Italy
Tel No (39
011) 415 8811
FACILITIES
The Subject has the following facilities :
Rented 1,200 sq. metres offices, factory and
showroom located at the heading adrress.
The suject has another showroom at Cite Benhamouda,
Dar El Baida Algiers.
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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