MIRA
INFORM REPORT
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Report Date : |
12.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SARL SAROUSSA AUTO |
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Registered Office : |
Cite Makoudi Lot No 8,
Qed
Smar, Algiers |
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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 : |
Importers and distributors of automobile 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 800,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COmpany NAME
SARL SAROUSSA AUTO
ADDRESS
Street : Cite Makoudi Lot No 8
Area : Qed Smar
Town : Algiers
Country : Algeria
Telephone :
(213 21) 241 822
Fax : (213 21) 244 700
SENIOR COMPANY
PERSONNEL
Name Position
1. H'sen Aroussa Managing
Director
2. Morad Salmi Deputy
Managing director
3. M. Khelil Office Manager
Total Employees
3
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 800,000
Trade risk assessment :
Normal
PRINCIPAL BANKERS
NAME :
SOCIETE GENERALE
Branch :
2 rue Hydra, Villa 1
PO Box :
294
Town :
Algiers
Telephone : (213 21) 594 921
Fax :
(213 21) 600 487
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : AD 35,000,000 - 2006 - exact
Net Profit :
AD 2,800,000 - 2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 2002
Capital : AD 20,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. H'sen Aroussa
2. Morad Salmi
ACTIVITIES
The Company is involved
in the following activities :
Importers and
distributors of automobile spare parts.
Imports from USA and
Taiwan.
FACILITIES
The Company has the
following facilities :
Rented administrative
office and storage facilities 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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)