MIRA
INFORM REPORT
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Report Date : |
31st
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE
ALGERIENNE DE TRANSFORMATION DU BOIS SARL |
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Registered Office : |
Rue Djebel Aures No. 8, Ain Benian, Wilaya d'Alger, Algeria. |
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Country : |
Algeria |
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Date of Incorporation : |
1976 |
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Com. Reg. No.: |
99B0008652 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Ø Manufacturers and distributors of office furniture. Ø Importers and distributors of wooden panels. |
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
2,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
SOCIETE ALGERIENNE DE
TRANSFORMATION DU BOIS SARL
ADDRESS
Street : Rue Djebel Aures No. 8
Town : Ain Benian
District : Wilaya d'Alger
Country : Algeria
Telephone : (213 21) 304 232
Fax : (213 21) 301 860
E-Mail : contact@satbois.com
Shortform Name :
SAT Bois
SENIOR COMPANY PERSONNEL
Name Position
1. Farid Bouamouche Managing
Director
2. Nadia Bouamouche Deputy
Managing Director
3. Said Amrouni Financial Director
Total Employees : 33
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a well
established company operating since 1976.
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 2,000,000
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
Subject also has an
account with the following banks :
1. Banque Nationale
d'Algerie
2. Banque Algerienne de
Developpement Rural (BADR)
3. Housing Bank
4. Societe General
d'Algerie
FINANCIAL INFORMATION
Balance sheets are not
available. However the subject interviewed offered the following information :
Sales Turnover : AD
42,500,000 - 2000 - exact
: AD 50,000,000 -
2001 - exact
: AD 57,000,000 -
2002 - exact
: not given -
2003 - 2005
: AD 60,000,000 -
2006 - exact
Net Profit :
not given - 2000
: AD 3,000,000 -
2001 - exact
:
AD 3,500,000 - 2002 - approx
: not given -
2003 - 2005
: AD 4,500,000 -
2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND HISTORY
Date Started : 1976
History : Subject was
established in 1976 and was owned by Farid Bouamouche, Said Chibane and
Abderraman Kaci. Later Said Chibane and Abderraman Kaci withdrew from the
company.
C.R. No. : 99B0008652
Capital : AD 10,000,000 (increased from AD
120,000)
Societe a Responsibilite
Limitee (Limited Liability Company) with the following shareholders :
1. Farid Bouamouche
2. Undisclosed
shareholders
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers and
distributors of office furniture.
Importers and
distributors of wooden panels.
Imports from Spain,
Italy, France and Tunisia.
Clients include :
- Banque de l'Agriculture
et du Developpement Rural (BADR)
- Banque Commerciale et
Industrielle d'Algerie (BCIA)
- Banque Exterieure
d'Algerie (BEA)
- Caisse Nationale
d'Assurance Sociale (CNAS)
- Credit Populaire
d'Algerie (CPA)
- Direction Commerce et
Prix (DCP)
- Direction Generale des
Impots (DGI)
- Direction Regionale des
PTT
- El Khalifa bank
- El Rayan Insurance et
Medical
- Societe Algerienne des
Foires et Expositions (SAFEX)
- Schlumberger
- Unicef (ONU)
FACILITIES
The Company has the
following facilities :
Administrative offices
and storage facilities located at the heading address.
The company also has 2
production units in Staoueli and Alger (See 'Branch Offices' below).
BRANCH OFFICES
Domaine Gasmi
Route de Cheraga
Staoueli
Tel: (213 21) 393 916
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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