MIRA
INFORM REPORT
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Report Date : |
5th
February, 2007 |
IDENTIFICATION
DETAILS
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Correct Name : |
TRADER
LINE SARL |
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Registered Office : |
Village Boumelal, 06770
Chemini, Wilaya de Bejaia, Algeria |
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Country : |
Algeria |
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Date of Incorporation : |
March
2006 |
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Com. Reg. No.: |
06-B-0185124 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers
and wholesalers of car spare parts. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
New
Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME
TRADER LINE SARL
(Correct)
SARL TRADER LINE
(Requested)
ADDRESS
Area : Village Boumelal
Town : 06770 Chemini
Province :
Wilaya de Bejaia
Country : Algeria
Telephone :
(213 34) 351 935 / (213) 7088 7180 (mobile)
Fax : (213 34) 351 935
SENIOR COMPANY PERSONNEL
Name Position
Karim Saigh Managing Director
Total Employees : 3 (plus
7 casual workers)
PAYMENTS
Current trade experience
of payments has not been traced.
Subject is a newly
established company (March 2006).
Opinion
on maximum credit : As the company has recently started trading and has no
financial, we recommend dealing on fully secured terms.
Trade risk assessment :
High
Opinion on the credit
figure of EURO 30,000 :
See above comments.
It is normal accepted
practice for international suppliers to deal on secured terms with Algerian
importers.
PRINCIPAL BANKERS
NAME :
CREDIT POPULAIRE D'ALGERIE (CPA)
Branch :
Agence d'El Kseur (No. 370)
Street :
Rue de la Gare
Town :
El Kseur
Province : Wilaya de Bejaia
Telephone : (213 34) 254 010 / 254 011 / 254 013
Fax :
(213 34) 254 012
E-Mail :
elkseur@cpa-bank.com
Acc. No. : 400 000 14 81 17
FINANCIAL INFORMATION
As the Company has only
recently started trading, relevant financial information is not available.
LEGAL STATUS AND HISTORY
Date Started : March 2006
C.R. No. : 06-B-0185124
Authorised & Paid up
Capital : AD 20,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Karim Saigh
2. Six brothers of the
above
ACTIVITIES
The Company is involved
in the following activities :
Importers and wholesalers
of car spare parts.
Subject also provides
maintenance and repair services.
Imports from Turkey and
Tunisia.
FACILITIES
The Company has the
following facilities :
Administrative offices
and depot located at the heading address.
REGISTERED OFFICE
Cite des 50 Logements
Ouzellaguen
Bejaia
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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