MIRA
INFORM REPORT
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Report Date : |
17.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SARL SNAX |
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Registered Office : |
Zone Industrielle De Baba Ali, Les Zouines, Saoula 16305, Alger |
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Country : |
Algeria |
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Date of Incorporation : |
2000 |
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Com. Reg. No.: |
00B0012510 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of biscuits, crackers, crisps and savoury
snacks. |
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 15,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SARL SNAX
ADDRESS
Area : Zone Industrielle De Baba Ali, Les Zouines
Town : Saoula 16305
Province :
Alger
Country : Algeria
Telephone :
(213 21) 309 469 / 309 457 / 309 420 / 309 371 / 7032 8957 (mobile)
Fax : (213 21) 309 328
Trading Styles
Mahboul
SENIOR COMPANY
PERSONNEL
Name Position
1. Samir Ait Aoudia Managing
Director
2. Ahmed Ferad Sales and Marketing Manager
3. V.S. Praveen Operations Manager
4. Philipe Le Champ Financial
Manager
Total Employees
458
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 15,000,000
Trade risk assessment :
Normal
PRINCIPAL BANKERS
NAME :
B.N.P. / PARIBAS EL DJAZAIR
Branch :
Hydra
Street :
10, Rue Abou Nouas
Town :
Algiers
Telephone : (213 21) 603 942 / 603 929
Fax :
(213 21) 603 929
Subject also has an account
with:
1. Bank Al Baraka
D'Algerie
Ben Aknoun
Hai Bouteldja Houidef. Villa N°01 Rocade
Sud
Algiers
Telephone: (213 21) 916 450
Fax
: (213 21) 916 457
2. Natexis Bank
FINANCIAL INFORMATION
Balance sheets are not available.
However, the subject interviewed offered the following information :
Sales Turnover : AD
900,000,000 - 2005 - exact
: AD 1,000,000,000 - 2006 - exact
Net Profit :
not given
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 2000
C.R. No. : 00B0012510
Fiscal ID : 00216340690937
Capital : AD 60,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Samir Ait Aoudia
2. Other members of Ait
Aoudia family
Affiliated companies of
Sarl Snax :
Associates
1. SARL Irys
21 Avenue des trois Freres Bouadou
Bir Mourad Rais 16005
Tel: (213 21) 542 634
Fax: (213 21) 542 640
2. MSD Montres Swatche Distribution
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers of
biscuits, crackers, crisps and savoury snacks.
Imports worldwide.
FACILITIES
The Company has the
following facilities :
Office premises and
factory located at the heading address.
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%)