MIRA
INFORM REPORT
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Report Date : |
09.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE WAFA SARL |
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Registered Office : |
132 ZI Amara, Cheraga, |
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Country : |
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Date of Incorporation : |
1999 |
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Com. Reg. No.: |
02D17571 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of aluminum paper, tissue paper and napkins. |
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 3,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SOCIETE WAFA SARL
ADDRESS
Street : 132 ZI Amara
Area : Cheraga
P.O. Box :
18
Town : Alger 16900
Country :
Telephone :
(213 21) 371 743 / 687 630 / 285 055
Fax : (213 21) 371 743 / 687 630 / 371 869
E-Mail : wafa_soft@yahoo.fr
SENIOR COMPANY
PERSONNEL
Name Position
1. Ben Azouz Zebda General
Manager
2. Lamine Zebda Managing
Director
3. Farouk Zebda Commercial
Director
4. Yassine Zebda Director
5. Brahim Zaoui Financial
Manager
Total Employees
55
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 3,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANK AL BARAKA D'ALGERIE
Branch :
Ben Aknoun
Street :
Haï Bouteldja Houidef. Villa N°01 Rocade Sud
Town :
Telephone : (213 21) 91 64 50-54
Fax :
(213 21) 91 64 57-58
E-Mail :
info@albaraka-bank.com
The company also has an
account with the following bank:
Banque de l'Agriculture
et du Deceloppement Rural
17 Blvd Colonel Amiroche
Telephone: (213 21) 647
264
Fax : (213 21) 742 211
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : AD
60,000,000 - 2003 - exact
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AD 96,000,000 - 2004 - exact
: AD 115,000,000 - 2005 - exact
: AD 120,000,000 - 2006 - exact
Net Profit : not given but stated to be
profitable
Financial year ends 31
December
LEGAL STATUS AND
HISTORY
Date Started : 1999
History : Subject was established in 1999
but it was registered in 2002.
C.R. No. : 02D17571
Paid up Capital : AD 9,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
Percentage
1. Ben Azouz Zebda 85%
(father)
2. Lamine Zebda 5%
(son)
3. Farouk Zebda 5%
(son)
4. Yassine Zebda 5%
(son)
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers of aluminum
paper, tissue paper and napkins.
Imports from
Exports to
FACILITIES
The Company has the
following facilities :
Owned 2,000 sq. m. office
premises, factory and storage facilities 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%)