MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SARL LUX METAL |
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Registered Office : |
57, Hai El Badr (ex lotissement Michel), Bachedjarah, Kouba, |
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Country : |
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Date of Incorporation : |
1970 |
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Com. Reg. No.: |
99B0006958 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and distributors of iron and steel rods, bars, sections,
rails, tyres, rolled steel sections, piling steel, sheet iron and steel,
coated or magnetic and ferrous pipes and tubes, metals and semi-manufactured
metal products. |
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 10,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COmpany NAME
SARL LUX METAL
ADDRESS
Street : 57, Hai El Badr (ex lotissement Michel)
Area : Bachedjarah, Kouba
P.O. Box :
21
Town :
Country :
Telephone :
(213 21) 298 187
Fax : (213 21) 687 880
SENIOR COMPANY
PERSONNEL
Name Position
1. Ferhat Ladjadj Managing
Director
2. Reda Ladjadj Deputy
Managing Director
3. Taibi Mohammed Financial
Manager
Total Employees
23
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 10,000,000
Trade risk assessment :
Opinion on the credit
figure of EURO 50,000 :
We consider the above
figure to be within the company's financial capabilities.
PRINCIPAL BANKERS
NAME :
BANQUE NATIONALE D'ALGERIE
Branch :
Blvd Ernesto Che Guevara 8
Town :
Telephone : (213 21) 714 748
Fax :
(213 21) 712 424
Account no : 0700/000627001/38
The company also has an
account with the following banks:
B.N.P. / Parisbas El
Djazair
10, Rue Abou Nouas
Hydra
Alger
Telephone: (213 21) 603
942 / 603 929
Fax : (213 21) 603 929
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : AD 300,000,000 - 2004 - exact
: AD 700,000,000 - 2005 - exact
: AD 800,000,000 - 2006 - exact
Net Profit : not given
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 1970
C.R. No. : 99B0006958
Capital : AD 20,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Ferhat Ladjadj
2. Undisclosed
shareholders
Affiliated companies of
Sarl Lux Metal :
Associates
1. Supra Metal
2. Inter Manufacture
ACTIVITIES
The Company is involved
in the following activities :
Importers and
distributors of iron and steel rods, bars, sections, rails, tyres, rolled steel
sections, piling steel, sheet iron and steel, coated or magnetic and ferrous
pipes and tubes, metals and semi-manufactured metal products.
Manufacturers and
wholesalers of tanks and vats, metal and for liquid.
Imports worldwide.
FACILITIES
The Company has the
following facilities :
Factory and
administrative office 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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)