MIRA
INFORM REPORT
|
Report Date : |
09.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
EQUIPEMENT MOTEURS SERVICE GROUPE (EMSG) SARL |
|
|
|
|
Registered Office : |
Bt A, 1st Floor, 50 Bis, Gui de
Constatine, Kouba, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
1996 |
|
|
|
|
Com. Reg. No.: |
99B10196 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Importers, wholesalers and retailers of motor vehicle spare
parts. |
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 2,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COmpany NAME
EQUIPEMENT MOTEURS
SERVICE GROUPE (EMSG) SARL
ADDRESS
Building :
Bt A, 1st Floor
Street : 50 Bis, Gui de Constatine
Area :
Kouba
Town :
Country :
Telephone :
(213 21) 461 085 / 461 987 / 6172 0604 (mobile)
Fax : (213 21) 461 086
E-Mail : emsgauto@yahoo.fr
Shortform Name
EMSG
Also Known As
Equipement Moteurs
Service Groupe
SENIOR COMPANY
PERSONNEL
Name Position
1. Said Mansour Managing
Director
2. Amina Mansour Financial
Director
Total Employees
18
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a small family
owned business operating since 1996.
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 2,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANQUE EXTERIEURE D'ALGERIE EPE (BEA)
Branch :
11 Blvd Colonel Amiroche
Town :
Telephone : (213 21) 711 252
Fax :
(213 21) 233 564
Subject also has an
account with:
Societe Generale Algerie
SPA
75 Chemain Cheikh B. El
Ibrahimi
El Biar
Tel: (213 21) 929 200
Fax: (213 21) 922 182
Account No: 113000090595
FINANCIAL INFORMATION
Balance Sheets as at 31
December 2005 showed:
ASSETS
Fixed assets :
AD 4,540,236.78 - 2005 - exact
Investments : AD 13,428,704.13 - 2005 - exact
Current assets : AD 34,468,584.98 - 2005 - exact
LIABILITIES
Current liabilities : AD 21,159,082.08 - 2005 - exact
Shareholders equity : AD 28,747,641.80 - 2005 - exact
Net Profit :
AD 2,530,802.01 - 2005 - excat
PROFIT & LOSS ACCOUNT
Sales Turnover : AD
30,000,000 - 2001 - exact
: AD 65,000,000 - 2002 - exact
: AD 70,000,000 - 2003 - exact
: AD 58,000,000 - 2004 - exact
: AD 75,832,402 - 2005 - exact
:
AD 75,000,000 - 2006 - approx
Net Profit :
not given - 2001 - 2004
: AD 2,530,802
- 2005 - exact
: not given
- 2006
LEGAL STATUS AND
HISTORY
Date Started : 1996
History : The company was established in
Liability Company in 2000.
C.R. No. : 99B10196
Fiscal ID : 099916189017312
Authorised & Paid up
Capital : AD 20,000,000 (increased from AD 100,000 in 2005)
Societe a Responsibilite
Limitee (Limited Liability Company) with the following shareholders :
1. Said Mansour
2. Other members of the
Mansour family
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of motor vehicle spare parts.
Imports from
FACILITIES
The Company has the
following facilities :
Office premises,
wholesale/ retail outlet and storage facilities located at the heading address and
warehouse located elsewhere in
BRANCH OFFICES
Hai El Badr J8, No 116
Kouba
Telephone: (213 21) 283
975
Fax : (213 21) 283 977
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%)