MIRA INFORM REPORT

 

 

Report Date :

24th November, 2006

 

IDENTIFICATION DETAILS

 

Name :

ALL STORES

 

 

Registered Office :

Bir Moyrad Rais, P.O. Box:  BP 66A, Algiers 16006, Algeria

 

 

Country :

Algeria

 

 

Date of Incorporation :

2001

 

 

Com. Reg. No.:

01B0015766

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importers, manufacturers and retailers of aluminium products such as vertical shelfs and windows.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

AD 2,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

COmpany NAME

 

ALL STORES

 

 

ADDRESS

 

Area                             :  Bir Moyrad Rais

P.O. Box           :  BP 66A

Town                 :  Algiers 16006

Country             :  Algeria

Telephone         :  (213 21) 941 438 / 561 414 / 961 544 / 307 554

Fax                   :  (213 21) 941 438

 

 

SENIOR COMPANY PERSONNEL

 

Name                       Position

 

Ali Zenine                 Managing Director

 

 

Total Employees : 48

 

 

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 2,000,000

 

Trade risk assessment               : Normal

 

It is normal accepted practice for international suppliers to deal on secured terms with Algerian importers.

 

 

PRINCIPAL BANKERS

 

NAME               : BANQUE DE L'AGRICULTURE ET DU DEVELOPPEMENT RURAL

Branch              : 17 Blvd Colonel Amiroche

Town                 : Algiers

Telephone         : (2) 647264

Fax                   : (2) 742211

 

The company also has an account with the following bank:

 

Societe Generale

2 rue Hydra, Villa 1

PO Box 294

Algiers

Telephone         : (213 21) 594 921

Fax                   : (213 21) 600 487

 

 

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      : 2001

 

C.R. No.            : 01B0015766

 

Capital              : AD 20,000,000 (increased from AD 6,000,000 in January 2006)

 

 

Societe a Responsibilite Limitee (limited liability company) with the following shareholders :

 

1. Ali Zenine

 

2. Guitane Tamazoust Zenine

   (wife of the above)

 

Affiliated companies of All Stores :

 

Associates

 

1. All Stores Blindages

 

2. All Stores Machinery

 

3. All Stores Menuiserie

 

4. All Stores Steel

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Importers, manufacturers and retailers of aluminium products such as vertical shelfs and windows.

 

The subject supplies governmental projects.

 

Imports raw materials from European countries, Canada, Jordan and Turkey.

 

Exports to European countries.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned premises comprising administrative offices, factory and storage facilities located at the heading address.

 

The subject company also owns 7 showrooms in Algiers, Annaba, Oran and Aghouat.

 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions