MIRA
INFORM REPORT
|
Report Date : |
30th
January, 2007 |
IDENTIFICATION
DETAILS
|
Correct Name : |
ECI
BOUDIAB ET FRERES SNC |
|
|
|
|
Registered Office : |
11 Rue Ahmed Boumeda, 06000 Bejaia, Algeria |
|
|
|
|
Country : |
Algeria |
|
|
|
|
Date of Incorporation : |
1995 |
|
|
|
|
Com. Reg. No.: |
98B182700 |
|
|
|
|
Legal Form : |
General
Partnership |
|
|
|
|
Line of Business : |
Trading
as importers and distributors of cereals. |
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
80,000,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
ECI BOUDIAB ET FRERES SNC
(Correct)
ECI
BOUDIAB (Requested)
ADDRESS
Street : 11 Rue Ahmed Boumeda
Town : 06000 Bejaia
Country : Algeria
Telephone :
(213 34) 212 502 / 202 525 / (213) 7048 1342 (mobile)
Fax : (213 34) 211 421
E-Mail : eciboudiab@eci.com.dz
Also
Known As : Etablissement de Commerce
International Boudiab Sedek et Freres SNC
SENIOR COMPANY PERSONNEL
Name Position
1.
Amar Boudiab Managing Partner
2.
Lakhal Ziani Commercial Manager
3.
Boubekar Bouachi Financial Manager
4.
Kamal Benali Tresury Manager
Total
Employees : 350
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
Subject
is a family owned business operating since 1995.
We
consider it is acceptable to deal with subject for LARGE amounts, although it
is normal accepted practice for international suppliers to deal on secured
terms with Algerian importers.
Opinion
on maximum credit : AD 80,000,000
Trade
risk assessment : Normal
Opinion
on the credit figure of US DLRS 400,000:
We
consider the above figure to be within the company's financial capabilities.
PRINCIPAL BANKERS
NAME :
BANQUE DU DEVELOPPEMENT LOCAL(BDL)
Branch :
Cite Tobbal
Town :
Algiers
Telephone : (213 34) 212 045
Fax : (213 34) 202 670
Subject
also has an account with:
Natexis
Algerie
5,
Rue Said Boukhrissa (ex Route d'Alger) 19000 Setif Tel : (213 36) 843 524 Fax :
(213 36) 842 900
FINANCIAL INFORMATION
Balance
sheets are not available. However, the subject interviewed offered the
following information :
Sales
Turnover : AD 5,488,800,000 -
2002 - exact
: AD
5,500,000,000 - 2003 - exact
: AD
6,200,000,000 - 2004 - exact
: AD 10,000,000,000 - 2005 - exact
: AD 15,000,000,000 - 2006 - exact
Net
Profit : not
given but stated to be 5%-7%
Financial
year ends 31 December.
LEGAL STATUS AND HISTORY
Date
Started : 1995
History
: Subject was established in
1995 and started importations in March 1997.
C.R.
No. : 98B182700
Fiscal
ID : 099506010029439
Paid
up Capital : AD 100,000,000 (increased
from AD 30,000,000 in June 2006)
Societe
en Nom Collectif (General Partnership) with the following partners :
1.
Amar Boudiab
2.
Sadek Boudiab
2.
Other members of the Boudiab family
Affiliated
companies of ECI Boudiab et Freres SNC :
Subsidiaries
SARL
Nutristar Algerie
ACTIVITIES
The
Company is involved in the following activities :
Trading
as importers and distributors of cereals.
Imports
from Ukraine, Argentina, Romania, France, Germany and USA.
Subject
imports 2,000,000,000 tonnes per year.
FACILITIES
The
Company has the following facilities :
Office
premises and storage facilities of 80,000 tonnes capacity located at the
heading address.
The
company has storage facilities at the following wilayas:
1.
Algiers : capacity of 30.000
tonnes
2.
Skikda : capacity of 30.000
tonnes
3.
Oran :
capacity of 50.000 tonnes
SPECIAL NOTE
You
enquired on : ECI BOUDIAB
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 |
|