MIRA
INFORM REPORT
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Report Date : |
23rd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
EURL AVA ALGERIA |
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Registered Office : |
Zone
d'Activite No 2, 30500 Hassi Messaoud, P.O. Box: 561, Ouargla, Algeria |
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Country : |
Algeria |
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Date of Incorporation : |
01.09.1998 |
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Com. Reg. No.: |
122299B98 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Providers
of drilling fluids services, waste recovery, water recycling and drilling
fluids disposal. |
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
20,000,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
COmpany NAME
EURL
AVA ALGERIA
ADDRESS
Area : Zone d'Activite No 2, 30500 Hassi Messaoud
P.O.
Box : 561
Town : Ouargla
Country : Algeria
Telephone :
(213 29) 732 717 / 732 718 / 732 719 / 6138 1166 (mobile)
Fax : (213 29) 731 501
E-Mail : administration@ava.com.dz
SENIOR COMPANY PERSONNEL
Name Position
1.
Paolo Piergiovanni Managing Director
2.
Ahmed Benadel Financial Director
Total
Employees : 250
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
We
consider it is acceptable to deal with subject for MEDIUM amounts, although it
is normal accepted practice for international suppliers to deal on secured
terms with Algerian importers.
Opinion
on maximum credit : AD 20,000,000
Trade
risk assessment : Normal
PRINCIPAL BANKERS
NAME :
BANQUE EXTERIEURE D'ALGERIE EPE (BEA)
Branch :
Place Emir Abdelkader
PO
Box :
108
Town :
Hassi Messaoud
Telephone : (29) 738 384 / 732 385
Account
No : 334761433 S
The
company also has an account with:
Arab
Banking Corporation
Route
Nationle Mo 3
PO
Box: 370
Hassi
Messaoud
Tel : (213 29) 734 565
Fax : (213 29) 734 505
FINANCIAL INFORMATION
Balance
sheets are not available. However, the subject interviewed offered the
following information :
Sales
Turnover : EURO 20,000,000 - 2004 - exact
: EURO 21,000,000 - 2005 - exact
: EURO 25,000,000 - 2006 - projected
Net
Profit : EURO 3,000,000 - 2004 - approx
: EURO
4,700,000 - 2005 - exact
Financial
year ends 31 December.
LEGAL STATUS AND HISTORY
Date
Started : 1 September 1998
History : Subject compnay was established in 1993 under the name
EURL Ava International. In
1998 the company changed its name to EURL
Ava Algeria.
C.R.
No. : 122299B98
Capital
: AD 5,000,000 (will be
increased to AD 35,000,000 by December 2006)
Entreprise
Unipersonnelle a Responsabilite Limitee (single shareholder limited liability
company) with the following sole shareholder :
Ava
SPA
Via
Salaria, 1313/c
Rome
00138
Italy
Tel:
(39 68) 856 111
Fax:
(39 68) 889 363
Email:
ndiiorio@avaspa.it
Affiliated
companies of EURL Ava Algeria :
Associates
1.
AVA Romania 2000 SRL
Street Sevastopol NR. 13-17
Apt. 102, Parter Sector 1
Bucharest
Romania
Telephone :
(40 21) 312 4423 / 312 2872
Fax
: (40 21) 311 1814
avarom@mailbox.ro
2.
AVA Tunisie SARL
1, Rue Salah Khemissi
1002 Notre Dame
Tunis
Tunisia
Telephone :
(216 71) 802 456
Fax
: (216 71) 800 102
avatunisie@ava.com.tn
3.
AVA Malta Branch c/o Medserv Ltd
Manoel Island
PO Box 15
Gzira GZR 03
Malta
Telephone :
(356 21) 314 666
Fax
: (356 21) 339 511
mmedserv@waldonet.net.mt
4.
AVA Africa SARL
PO Box 26
Port of Zarzis
CP 4170 Zarzis
Tunisia
Telephone :
(216 75) 690 465
Fax
: (216 75) 693 736
5.
AVA Libyan Branch
P.O. Box 6069
GSPLAJ
Gargarish
Tripoli
Libya
Telephone :
(218 21) 483 4384
Fax
: (218 21) 483 4384
avalibya@yahoo.com
ACTIVITIES
The
Company is involved in the following activities :
Providers
of drilling fluids services, waste recovery, water recycling and drilling
fluids disposal.
Imports
from USA, UK, Italy and The Netherlands.
FACILITIES
The
Company has the following facilities :
Administrative
office and warehouse located at the heading address.
BRANCH OFFICES
AVA
Algerie
06,
Rue des Brigadiers de Venyse
Parc
des Pins
El
Biar
Alger
16000
Algerie
Phone : (213 21) 920 301
Fax :
(213 21) 920 301
ava_alger@ava.com.dz
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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