MIRA INFORM REPORT

 

 

Report Date :

31st January, 2007

 

IDENTIFICATION DETAILS

 

Name :

ENTREPRISE NATIONALE DES AMENAGEMENT HYDRAULIQUES SPA

 

 

Registered Office :

Route Nationale No 5, ZI Rouiba, P.O. Box:  31, Algiers 16013, Algeria.

 

 

Country :

Algeria

 

 

Date of Incorporation :

December 1982

 

 

Com. Reg. No.:

99B5929

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturers of pipes..

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

AD 50,000,000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

COMPANY NAME

 

ENTREPRISE NATIONALE DES AMENAGEMENT HYDRAULIQUES SPA

 

 

ADDRESS

 

Street                                       :  Route Nationale No 5

Area                                         :  ZI Rouiba

P.O. Box                       :  31

Town                             :  Algiers 16013

Country                         :  Algeria

Telephone                     :  (213 21) 813 156 / 811 880 / 811 815

Fax                               :  (213 21) 812 170

 

Shortform Name             :  ENAH

 

Trading Styles :  Hydro-Amenagement

 

 

SENIOR COMPANY PERSONNEL

 

Name                                        Position

 

1. Mustapha Touati                    President / General Director

 

2. Said Djematen                       Financial Director

 

 

Total Employees : 3,700

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

Subject is a well established company operating since 1982.

 

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 50,000,000

 

Trade risk assessment               : Normal

 

 

PRINCIPAL BANKERS

 

NAME               : CREDIT POPULAIRE D'ALGERIE (CPA)

Branch              : 2 Boulevard Colonel Amirouche

PO Box             : 856

Town                 : Algiers

Telephone         : (213 21) 611 334 / 632 855

Fax                   : (213 21) 632 855

 

 

FINANCIAL INFORMATION

 

Balance sheets are not available. However, the subject interviewed offered the following information :

 

Sales Turnover               : AD 4,697,000,000 - 2001 - exact

: AD 4,454,000,000 - 2002 - exact

: AD 2,872,000,000 - 2003 - exact

: AD 3,060,000,000 - 2004 - exact

: not given        - 2005

: AD 3,000,000,000 - 2006 - approx

 

Net Profit                       : not given

 

Financial year ends 31 December

 

 

LEGAL STATUS AND HISTORY

 

Date Started      : December 1982

 

C.R. No.            : 99B5929

 

Fiscal ID           : 098235030014942

 

Paid up Capital : AD 625,000,000 (increased from AD 422,000,000; increased from AD 203,000,000)

 

 

Societe par Actions (Joint Stock Company) with the following sole shareholder :

 

Ergthy SPA                 100 %

SGP Travaux Hydrauliques

1, Rue ICOSIUM Alger

Tel : (213 21) 609 782

State owned company

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Manufacturers of pipes.

 

Subject offers hydraulic work services.

 

Imports worldwide.

 

 

FACILITIES

 

The Company has the following facilities :

 

Office premises and storage facilities located at the heading address.

 

 

 

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