MIRA INFORM REPORT

 

 

Report Date :

05.06.2007

 

IDENTIFICATION DETAILS

 

Name :

SOCIETE DE TRAVAUX ROUTIERS FORESTIERS ET HYDRAULIQUE

 

 

Registered Office :

Route De Constantine Tebessa, Near Mosque Al Rahma, Tebessa

 

 

Country :

Algeria

 

 

Date of Incorporation :

1998

 

 

Com. Reg. No.:

98B0582173

 

 

Legal Form :

Societe a Responsibilite Limitee (limited liability company)

 

 

Line of Business :

Civil & engineering building contractors specialising in the construction and the maintenance of roads, highways and aerodromes.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

AD 5,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

COMPANY NAME

 

SOCIETE DE TRAVAUX ROUTIERS FORESTIERS ET HYDRAULIQUE

 

 

ADDRESS

 

Area                             :  Route De Constantine Tebessa, Near Mosque Al Rahma

Town                 :  Tebessa

Country             :  Algeria

Telephone         :  (213 37) 490 013

Fax                   :  (213 37) 490 392

 

Shortform Name :  Sotramat

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                     Position

 

1. Achor Bouhaha                      Managing Director

 

2. Abdelhamid Bouhaha              Deputy Managing Director

 

 

Total Employees

 

180

 

 

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, however in view of the lack of financial information international suppliers may prefer to exercise some caution.

 

Opinion on maximum credit : AD 5,000,000

 

Trade risk assessment : Normal

 

Opinion on the credit figure of EURO 400,000 :

 

The above figure is higher than normally seen in one amount, however could prove admissible in a series of transactions provided the total indebtedness is strictly monitored.

 

It is normal accepted practice for international suppliers to deal on secured terms with Algerian importers.

 

 

 

PRINCIPAL BANKERS

 

NAME               : BANQUE EXTERIEURE D'ALGERIE EPE (BEA)

Branch              : Rue Emir Abdelkader

Town                 : Tebessa 12000

Telephone         : (213 37) 486 674

Fax                   : (213 37) 486 674

 

 

FINANCIAL INFORMATION

 

Balance sheets are not available and the subject interviewed declined to give any financial information, which the company regards as strictly confidential.

 

 

LEGAL STATUS AND HISTORY

 

Date Started      : 1998

 

C.R. No.            : 98B0582173

 

Capital              : AD 104,000,000

 

 

Societe a Responsibilite Limitee (limited liability company) with the following shareholders :

 

1. Achor Bouhaha               

 

2. Abdelhamid Bouhaha   

   (brother of the above)

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Civil & engineering building contractors specialising in the construction and the maintenance of roads, highways and aerodromes.

 

Imports worldwide.

 

 

FACILITIES

 

The Company has the following facilities :

 

Owned premises comprising administrative offices and depot facilities located at the heading address.

 

 

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions