MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SARL AHRAS LIS INDUSTRY |
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Registered Office : |
23 Base Equipee, Dar El Beida, |
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Country : |
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Date of Incorporation : |
2004 |
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Com. Reg. No.: |
04B968110 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, wholesalers and retailers of security industrial
equipment and industrial tools for the petroleum industry. |
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 2,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SARL AHRAS LIS INDUSTRY
ADDRESS
Street : 23 Base Equipee
Area : Dar El Beida
Town :
Country :
Telephone :
(213 21) 505 656 / 508 383
Fax : (213 21) 506 964
SENIOR COMPANY
PERSONNEL
Name Position
1. Mohammed Rafik
Adjal Managing Director
2. Malek Hamrane Purchasing
Manager
Total Employees
8
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 2,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
B.N.P. / PARIBAS EL DJAZAIR
Branch :
10, Rue Abou Nouas, Hydra
Town :
Telephone : (213 21) 603 942 / 603 929
Fax :
(213 21) 603 929
Account No : 07000000926001-94
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
AD 11,000,000 - 2004 - exact
: AD
65,000,000 - 2005 - exact
: AD 100,000,000 plus - 2006 -
estimated
Net Profit : AD 1,100,000 - 2004 -
exact
: AD
4,800,000 - 2005 - exact
: not given - 2006 -
Financial year ends 31
December.
The following information
apply to EURL Ahras Prosec, subject's parent company:
Value of current
contracts : EURO 1,700,000 - 2005 - approx
Sales Turnover :
EURO 1,050,000 - 2005 - exact
: EURO 3,000,000 - 2006 - approx
Net Profit : not given
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 2004
C.R. No. : 04B968110
Fiscal ID:
000416209039834
Capital : AD 20,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
Percentage
1. EURL Ahras Prosec 90 %
23 Base Equipee
Dar El Beida
Telephone:
(213 21) 505 656 / 508 383
Fax
: (213 21) 506 964
2. Homana Adjal 10 %
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of security industrial equipment and industrial tools for the
petroleum industry.
Imports from
FACILITIES
The Company has the
following facilities :
Office premises located
at the heading address and showroom at Hassi Messaoud, Ourgla.
BRANCH OFFICES
Rond Point du 24 Fevirier
Hassi Messaoud
Ourgla
Tel: (213 29) 750 660
Fax: (213 29) 750 658
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%)