MIRA INFORM REPORT

 

 

Report Date :

15.06.2007

 

IDENTIFICATION DETAILS

 

Name :

OUEST - GAZ SARL

 

 

Registered Office :

13 Rue Principale, Kolea, Tipaza

 

 

Country :

Algeria

 

 

Date of Incorporation :

2003

 

 

Com. Reg. No.:

0782344B02

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Importers, wholesalers and retailers of gas fillings and equipment.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

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

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

COmpany NAME

 

OUEST - GAZ SARL

 

 

ADDRESS

 

Street                           :  13 Rue Principale

Town                 :  Kolea

Province            :  Tipaza

Country             :  Algeria

Telephone         :  (213 24) 481 482

Fax                   :  (213 24) 481 482

E-Mail               :  ouestgaz@yahoo.fr

 

 

SENIOR COMPANY PERSONNEL

 

Name                            Position

 

Ammar Nefdsa               Managing Director

 

 

Total Employees

 

3 (administrative)

 

 

PAYMENTS

 

Current trade experience of payments has not been traced.

 

The company has declined to provide financial information or to reveal any details relative to the extent of their operations.

 

Opinion on maximum credit : In the circumstances we recommend international suppliers deal on a strictly cash or prepaid basis..

 

Trade risk assessment : High

 

Opinion on the credit figure of EURO 200,000 :

 

See above comments.

 

 

PRINCIPAL BANKERS

 

NAME      : BANQUE DE L'AGRICULTURE DE DEVELOPMENT RURAL - ALGERIE

CLIENT COMMENTS     :  TEL: 00213 70 44 6221

                                    :  FAX: 00213 24 48 1482

                                    :  REG NO: 0782344B02

CLIENT GAVE   : OUEST GAZ SARL AS FULL CO. NAME - ROUTE

:  NATIONAL NO. 90, COMMUNE DE OUED EL KHEIR, MOSTAGANEM AS

                        :  FULL CO. ADDRESS

 

 

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 : 2003

 

C.R. No. : 0782344B02

 

Capital : not given

 

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

 

1. Ammar Nefdsa

 

2. Undisclosed shareholders

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Importers, wholesalers and retailers of gas fillings and equipment.

 

Imports from Turkey.

 

 

FACILITIES

 

The Company has the following facilities :

 

Office premises and workshop located at the heading address and branch office at Route National No 90, Commune de Oued El Kheir, Mostaghanem, Tel : (213 70) 446221

 

 

 

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