MIRA
INFORM REPORT
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Report Date : |
01.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE DE DISTRIBUTION DE MATERIAUX DE
CONSTRUCTION SNC |
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Registered Office : |
Route
Nationale No. 4, Zone Industrielle, P. O. Box 84, 02310 Ouedsly Chlef |
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Country : |
Algeria |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
98B4112090/03 |
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Legal Form : |
General
Partnership |
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Line of Business : |
Importers and distributors of steel pipes,
tubes and building materials. |
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 7,500,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
COMPANY NAME
SOCIETE DE DISTRIBUTION
DE MATERIAUX DE CONSTRUCTION SNC
ADDRESS
Street : Route Nationale No. 4
Area : Zone Industrielle
P.O. Box :
84
Town : 02310 Ouedsly Chlef
Country : Algeria
Telephone :
(213 27) 710 998 / 79 400
Fax : (213 27) 710966
Trading Styles
DISMAC
SENIOR COMPANY
PERSONNEL
Name Position
1. Ahmed Djelloul
Rahmoune Managing Director
2. Salah Sameh Chief Accountant
Total Employees
70 (subject)
250 (group)
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 7,500,000
Trade risk assessment :
Normal
PRINCIPAL BANKERS
NAME :
BANQUE NATIONALE D'ALGERIE
Branch :
Esplanade CFPA
Town :
Chlef
Telephone : (213 27) 778 034
Fax : (213 27) 778 034
The subject company also
has an account with the following banks:
1. Credit Populaire
d'Algerie
38 Rue des Martyres
Chlef
Tel: (213 27) 777 915
Fax: (213 27) 780 055
2. Al Rayan Bank
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
AD 210,000,000 - 2003 - exact
: not given
- 2004 -
: AD 520,000,000 - 2005 - exact
:
AD 570,000,000 - 2006 - exact
Net Profit :
not given
Financial year ends 31
December.
The following information
applies to the group :
Sales Turnover :
AD 650,000,000 - 2002 - approx
: not given
- 2003 - 2004
: AD 1,000,000,000 - 2005 - approx
Net Profit :
not given
LEGAL STATUS AND
HISTORY
Date Started : 1992
C.R. No. : 98B4112090/03
Paid up Capital : AD
20,000,000
Societe en Nom Collectif
(General Partnership) with the following shareholders :
1. Al Hadj Rahmoun
2. Ahmed Djelloul
Rahmoune
3. Abdelkader Rahmoun
4. Abed Rahmoun
5. Ahmed Rahmoun
Affiliated companies of
Societe de Distribution de Materiaux de Construction SNC :
Associates
1. Briqueterie EL
Ouarsenis
Zone Industrielle Oued sly
Chlef 02310
P.O. Box :
84
Telephone:
(213 27) 710998
Fax
: (213 27) 710966
2. SARL GSG Algerie
Zone Industrielle Ouedsly
Chlef 02310
P.O. Box :
84
Telephone: (213 27) 710998
Fax
: (213 27) 710966
3. SARL Itras
Zone Industrielle Ouedsly
Chlef 02310
P.O. Box :
84
Telephone:
(213 27) 710998
Fax
: (213 27) 710966
ACTIVITIES
The Company is involved
in the following activities :
Importers and
distributors of steel pipes, tubes and building materials.
The Company imports on
behalf of its affiliated companies as well as marketing their goods.
The subject Company
supplies the Government.
Imports from European and
Asian countries.
FACILITIES
The Company has the
following facilities :
Office premises and
storage facilities 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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