MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
AB CUISINES PLUS SARL |
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Registered Office : |
Zone Industrielle El Kseur De Bejaia, |
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Country : |
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Date of Incorporation : |
1984 |
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Com. Reg. No.: |
99B0182753 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of kitchen, office and living-room furniture. |
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 2,500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
AB CUISINES PLUS SARL
ADDRESS
Area : Zone Industrielle El Kseur De Bejaia
P.O. Box :
264
Town : El Kseur
Country :
Telephone :
(213 34) 252 602 / 253 422-3
Fax : (213 34) 252 349
E-Mail : abcuisine.djazair-connect.com
SENIOR COMPANY
PERSONNEL
Name Position
1. Abdelmoumene
Allouache Managing Director
2. Messaouda
Boutegrabet General Manager
3. Mr Mehdi Financial Manager
Total Employees
80
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 2,500,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANQUE DE DEVELOPMENT LOCAL (BDL)
Branch :
152 La Plaine
P.O. Box : 06000
Town :
Bejai
Telephone : (213 34) 211 477
Fax :
(213 34) 211 594
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : AD
70,000,000 - 2002 - exact
: AD 75,000,000 - 2003 -
exact
: AD 85,000,000 - 2004 -
exact
: AD 100,000,000 - 2005 -
exact
: AD 111,000,000 - 2006 -
exact
Net Profit :
not given - 2002 - 2005
: AD 3,600,000 - 2006 -
exact
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 1984
C.R. No. : 99B0182753
Fiscal ID : 098306400028633
Paid up Capital : AD 5,000,000
Societe a Responsibilite
Limitee (Limited Liability Company) with the following shareholders :
Percentages
1. Abdelmoumene
Allouache 50 %
2. Messaouda
Boutegrabet 50
%
Affiliated companies of
SARL AB Cuisines Plus :
Associates
1. SARL CDI (Comptoir
Distribution Industriel)
Tel: (213 34) 252 602
Fax: (213 34) 252 349
2. SARL BATE
Tel: (213 34) 202 871
Fax: (213 34) 202 936
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers of kitchen,
office and living-room furniture.
Imports raw materials and
fittings from
Principal overseas
suppliers:
1.
(
2. Pozzi Ferramenta
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3. Intasa
(
4. GAN (ex Stibois)
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5. J.C. et M. Pigoni
(
6. Scierie de Beauvoir
(
FACILITIES
The Company has the
following facilities :
10,000 sq. m. premises
comprising administrative offices, production plant and storage facilities
located at the heading address.
The subject has 5
showrooms throughout the country.
BRANCH OFFICES
1. Cite Allelick
Chemin de Wilaya No 146
Boumerdes
Tel: 7291 5765 (mobile)
2. Rue, Boudjemaa temin
No 26
Draria
Alger
Tel : (213 17) 024 741
3. Boulevard Krim
Belkacem
Promotion Somacob
Bejaia
Tel : (213 34) 228 693 / 7224 6004 (mobile)
4. Cite Aissat Idir No 77
Cheraga
Alger
Tel : (213 17) 024 741 / 7291 5765
5. Cite Dallas, 3eme
Tranche
Setif 19 000
Tel : (213 36) 936 665
Fax : (213 36) 936 665
SPECIAL NOTE
The Reg No
0983064000286.33 which you provided applies to subject's Fiscal ID No. Please note
the commercial registration number is as per Legal Status and History section.
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%)