MIRA
INFORM REPORT
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Report Date : |
31st
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DOUGUIZ SARL |
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Registered Office : |
Cite Cooperative
Universitaire Groupe 2 No. 49, 16304 Kouba, Wilaya d'Alger, Algeria |
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Country : |
Algeria |
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Date of Incorporation : |
September
1999 |
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Com. Reg. No.: |
99B0009062 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers
and distributors of foodstuff. |
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
10,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
DOUGUIZ SARL
ADDRESS
Street : Cite Cooperative Universitaire Groupe 2 No.
49
Town : 16304 Kouba
District :
Wilaya d'Alger
Country : Algeria
Telephone :
(213 21) 282 802 / 282 826 / 282 4504
Fax : (213 21) 282 650
E-Mail : douguiz@hotmail.com
SENIOR COMPANY PERSONNEL
Name Position
1. Nabil Rahmoune Managing
Director
2. Cherif Aliouche Commercial
Manager
3. Abdenour Bouda Manager
Total Employees : 12
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 10,000,000
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
The company also has an
account with the following banks:
1. Banque de
l'Agriculture et du Developpement Rural (BADR)
17 Blvd Colonel Amiroche Algiers
Telephone :
(213 21) 647 264
Fax
: (213 21) 742 211
2. Arab Banking
Corporation Algeria SPA (ABC)
Main Branch, 16300 Dely Ibrahim
Telephone :
(213 21) 373 775
Fax
: (213 21) 373 766
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
AD 170,000,000 - 2001 - exact
: AD 150,000,000 - 2002 - exact
: AD 170,000,000 - 2003 - exact
: AD 140,000,000 - 2004 - exact
: AD 159,550,490 - 2005 - exact
: AD 756,140,253 - 2006 - exact
Net Profit :
AD 4,000,000 - 2001 - exact
: AD
4,000,000 - 2002 - approx
: not given
- 2003 - 2004
: AD
8,222,551 - 2005 - exact
:
AD 25,000,000 - 2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND HISTORY
Date Started : September 1999
C.R. No. : 99B0009062
Authorised & Paid up
Capital : AD 20,000,000 (increased from AD 10,000,000 in December 2005)
Societe a Responsibilite
Limitee (Limited Liability Company) with the following shareholders :
1. Nabil Rahmoune
2. Nacer Rahmoune
3. Ali Rahmoune
ACTIVITIES
The Company is involved
in the following activities :
Importers and distributors
of foodstuff.
Exporters of dates.
Imports from France,
Spain, Germany, UK and China.
Exports to France and
Spain.
FACILITIES
The Company has the
following facilities :
Administrative offices
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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