MIRA
INFORM REPORT
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Report Date : |
01.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOUMMAM ALGERIE SARL |
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Registered Office : |
Blvd du 1er Novembre 1954 No. 51, 23000 Annaba, Wilaya d'Annaba |
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Country : |
Algeria |
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Date of Incorporation : |
2 August 1995 |
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Com. Reg. No.: |
98B0362117 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, distributors and wholesalers of building materials and raw 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
1,500,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
COMPANY NAME
SOUMMAM ALGERIE SARL
ADDRESS
Street : Blvd du 1er Novembre 1954 No. 51
Town : 23000 Annaba
Province :
Wilaya d'Annaba
Country : Algeria
Telephone :
(213 38) 801 412 / 801 425 / 6132 2914 (mobile)
Fax : (213 38) 801 105
E-Mail : soummamalgerie@yahoo.fr
SENIOR COMPANY
PERSONNEL
Name Position
1. Akmed Said
Kerassa Managing Director
2. M. Ahmed Commercial Manager
Total Employees
10
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
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 1,500,000
Trade risk assessment:
Normal
PRINCIPAL BANKERS
NAME :
BANQUE NATIONALE D'ALGERIE (BNA)
Branch :
Agence 811, A.P. Annaba
Street :
Cours de la Revolution No. 17
PO Box :
3093
Town :
23OOO Annaba
Telephone : (213 38) 862 O02
Fax :
(213 38) 862 O31
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : AD 62,000,000 - 2006 - exact
Net Profit :
not given, but stated to be profitable
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 2 August 1995
C.R. No. : 98B0362117
Authorized & Paid up
Capital : AD 20,000,000 (increased
from AD 10,000,000 in January 2006;
increased from AD 200,000 in 2003)
Societe a Responsibilite
Limitee (Limited Liability Company) with the following sole shareholder :
Ahmed Said Kerassa 100 %
Affiliated companies of
Soummam Algerie SARL :
Associates
1. Asatis EURL
2. SIMAC
ACTIVITIES
The Company is involved
in the following activities :
Importers, distributors
and wholesalers of building materials and raw materials.
Exclusive distributor of
the SEMEX brand.
Other brand names sold :
GSG, Soummam and Asatis.
Imports from Sweden,
Italy, France, Germany, Tunisia, Greece, UAE and India.
FACILITIES
The Company has the
following facilities :
Owned administrative
office and warehouse 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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