MIRA
INFORM REPORT
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Report Date : |
30th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SARL BIOGALENIC |
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Registered Office : |
Zone Industrielle
Zighoud Youcef, Constantine 25200, Algeria |
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Country : |
Algeria |
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Date of Incorporation : |
1999 |
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Com. Reg. No.: |
90B62900 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Manufacturers
of pharmaceuticals. |
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
3,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
SARL BIOGALENIC
ADDRESS
Area : Zone Industrielle Zighoud Youcef
Town : Constantine
Post Code :
25200
Country : Algeria
Telephone :
(213) 3166 0873
Fax : (213) 3166 4663
E-Mail : bio_galenic@yahoo.fr /
sedrati.biogalenic@yahoo.fr
SENIOR COMPANY PERSONNEL
Name Position
Salah Hassen Managing Director
Total Employees : 66
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 3,000,000
Trade risk assessment : Normal
PRINCIPAL BANKERS
NAME :
BARAKA BANK
Branch :
Main
Town :
Constantine
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
US DLRS 2,000,000 - 2006 - exact
Net Profit :
US DLRS 300,000 - 2006 - exact
LEGAL STATUS AND HISTORY
Date Started : 1999
History : The company was incorporated in
Algeria 1999.
C.R. No. : 90B62900
Capital : AD 50,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Salah Hassen
2. Undisclosed
shareholders
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers of
pharmaceuticals.
Imports from France.
FACILITIES
The Company has the
following facilities :
Rented premises
comprising offices, warehouse and factory 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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