MIRA
INFORM REPORT
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Report Date : |
14.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
AGRO CONSULTING INTERNATIONAL SARL |
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Registered Office : |
194 Rue Boudjemaa Khelil, Oued Romane, El-Achour 16403 |
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Country : |
Algeria |
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Date of Incorporation : |
December 1994 |
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Com. Reg. No.: |
99B0008962 |
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Legal Form : |
Cooperative Society |
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Line of Business : |
Importers and distributors of agrochemical 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 24,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COmpany NAME
AGRO CONSULTING INTERNATIONAL SARL
ADDRESS
Street : 194 Rue Boudjemaa Khelil
Area : Oued Romane
Town : El-Achour 16403
Country : Algeria
Telephone : (213 21) 307 804 / 308 339 / 300 208 / 308 163-6
Fax : (213 21) 308 366
E-Mail : info@aci-algerie.com
Shortform Name
ACI
SENIOR COMPANY
PERSONNEL
Name Position
1. Rabah Allam Managing Director
2. Abbass Houri Financial Manager
Total Employees
120
PAYMENTS
No complaints have been heard regarding payments from local suppliers or banks.
We consider it is acceptable to deal with subject for MEDIUM amounts, although it is normal accepted practice for international suppliers to deal on secured terms with Algerian importers.
Opinion on maximum credit : AD 24,000,000
Trade risk assessment : Normal
Opinion on the credit figure of EURO 650,000 :
The above figure is higher than normally seen in one amount, however could prove admissible in a short series of transactions provided the total indebtedness is strictly monitored.
TRADE REFERENCES
NAME : Agronutrition
Street : Parc Activestre, 3 Av. de l'Orchidée
Town : 31390 Carbonne
Country : France
Telephone : (33 5) 6197 8500
Fax : (33 5) 6197 8501
www.agro-nutrition.com
NAME : ANGIBAUD
Street : Rue de Roux
P.O.box : 93
Town : 17004 La Rochelle
Country : France
Telephone : (33 5) 4644 0204
Fax : (33 5) 4644 0016
Homepage : www.angibaud.fr
NAME : ASGROW
State : 3700 Camino Del Sol Oxnard CA 93030
Country : USA
Telephone : (1 ) 805 647 5912
www.asgrow.com
NAME : BAYER Crop Science
Street : 16, Rue Jean-Marie Leclair CP 310 /69337
Town : Lyon - Cedex 09
Country : France
Homepage : www.bayercropscience.fr
NAME : CALLIOPE SAS
Street : Route d’Artix
P.O.Box : 80
Town : 64150 NOGUERES
Country : France
Telephone : (33 5) 59 60 92 92
Fax : (33 5) 59 60 92 99
Email : webmaster@calliope-sa.com
Homepage : www.calliope-sa.com
NAME : CAPISCOL
Street : 160, Route de la Valentine Bâtiment E-13011
Town : Marseille -
Country : France
Telephone : (33 4) 6735 8650
Fax : (33 4) 6735 8651
NAME : CHEMINOVA A/S
Town : Lemving
Country : DANEMARK
Telephone : (45) 9690 9690
Fax : (45) 9690 9691
Email : info@cheminova.dk
www.cheminova.com
NAME : CHIMAC-AGRIPHAR S.A.
Street : Rue de Renory, 26
Town : B-4102 OUGREE
Country : BELGIUM
Email : info@agriphar.be
Homepage : www.agriphar.com
NAME : CROMPTON
Telehone : (34 91) 400 9610
Fax : (34 91) 504 4581
www.cromptoncorp.com
PRINCIPAL BANKERS
NAME : BANQUE DE L'AGRICULTURE ET DU DEVELOPPEMENT RURAL
Branch : 17 Blvd Colonel Amiroche
Town : Algiers
Telephone : (213 21) 647264
Fax : (213 21) 742211
The company also has an account with the following bank:
Bank Al Baraka d'Algerie
Ben Aknoun
Haï Bouteldja Houidef. Villa N°01 Rocade Sud Algiers
Telephone: (213 21) 916 450/51/52/53/54/55
Fax : (213 21) 916 457/58
FINANCIAL INFORMATION
Balance sheets are not available. However, the subject interviewed offered the following information :
Sales Turnover : AD 50,000,000 - 1995 - exact
: AD 620,000,000 - 2001 - exact
: AD 800,000,000 - 2002 - exact
: AD 900,000,000 - 2003 - approx
: AD 1,500,000,000 - 2004 - exact
: AD 1,500,000,000 - 2005 - exact
: AD 1,200,000,000 - 2006 - exact
Net Profit : not given but stated to be profitable
Financial year ends 31 December.
LEGAL STATUS AND
HISTORY
Date Started : December 1994
History : Subject was established on December 1994, created by Rabah Allam who has 30 years
experience in the agricultural sector.
C.R. No. : 99B0008962
Capital : AD 6,000,000
Societe Cooperative (cooperative society) with the following shareholders :
1. Rabah Allam
2. undisclosed sharehlders
ACTIVITIES
The Company is involved in the following activities :
Importers and distributors of agrochemical products (more than 120 different products).
Agents for : Vilmorin, Dupont, Calliope SCPA, Angibaud, Uniroyal Chemical, KB, Yammama, Agriphar, Asgrow.
Imports from France and USA.
FACILITIES
The Company has the following facilities :
Office premises and storage facilities located at the heading address. Subject also has several branch offices throughout the country (see "Branch Offices" below).
BRANCH OFFICES
1. ACI Est
Cite des terrasses BT C N°143
25000 Constantine
Tel: (213 31) 927 724
Fax: (213 31) 924 243
email:aci-constantine@aci-algerie.com
2. ACI Est
Rue de l’ALN, Lotissement de la plage N°24
Jijel
Tel : (213 34) 495 681 / 478 518 / 7323 8950 (mobile)
Fax : (213 34) 471 848 / 478 518
email : aci-jijel@aci-algerie.com
3. ACI Ouest
Hennaya
Tlemcen
Tel : (213 43) 270 681
Fax : (213 43) 270 922
email : aci-tlemcen@aci-algerie.com
4. ACI Ouest
Mostaganem
Tel / Fax : (213 45) 261 136
email : aci-mostaganem@aci-algerie.com
5. ACI Centre-Est
Cite Mohamed Boudiaf B°125 / N°14D
Ain-Oussera
Tel : (213 27) 824 890
Fax : (213 27) 823 149
email : aci-ainouessara@aci-algerie.com
6. ACI Centre-Ouest
Route N°1 El-Koutab
26000 Medea
Mobile : (213) 6156 6423
email : aci-medea@aci-algerie.com
7. ACI Sud-Est
Villa 47, Cite Beni Morah
07000 Biskra
Tel : (213 33) 745 231 / 759 184 / 6153 9466 (mobile)
Fax : (213 33) 759 184
email : aci-biskra@aci-algerie.com
8. ACI Sud-Ouest
Cite El-Hattaba N°156
01000 Adrar
Tel : (213 49) 960 706
Fax : (213 49) 960 548
9. ACI Blida ( Zone Centre )
Tel : (213) 7048 6017 (mobile)
email: aci-blida@aci-algerie.com
10. ACI Bougara ( Zone Centre )
Tel : (213 25) 451 073
Fax : (213 25) 451 073
Email: aci-bougara@aci-algerie.com
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%)