MIRA
INFORM REPORT
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Report Date : |
09.05.2007 |
IDENTIFICATION DETAILS
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Name : |
ALGERIE VEHICULES INDUSTRIELS TRUCKS SARL |
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Registered Office : |
Route des Sablettes, |
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Country : |
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Date of Incorporation : |
1998 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and distributors of trucks, trailers and semi-trailers (cisterns, dumps and flat beds) and related spare parts. |
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
ALGERIE VEHICULES
INDUSTRIELS TRUCKS SARL (Correct)
AVI RENAULT VEHICULES
INDUSTRIELS (Requested)
ADDRESS
Street : Route des Sablettes
P.O. Box :
3
Town : 27120 Mazagran
Province :
Wilaya de Mostaganem
Country :
Telephone :
(213 45) 235 481 / 235 968 / (213) 7090 9316 / 5247 2451 (mobile)
Fax : (213 45) 235 967
E-Mail : info@avi-trucks.com
Shortform Name
AVI TRUCKS SARL
Formerly Known As
Algerie Vehicules
Industriels Renault SARL (AVIR)
SENIOR COMPANY
PERSONNEL
Name Position
1. Mohamed Chakour Managing
Director
2. Abdellah Toil Financial
Director
Total Employees
30
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, however in view of the lack
of financial information a degree of caution should be exercised.
Opinion on maximum credit
: AD 3,000,000 (due attention will be given to above remarks)
Trade risk assessment:
Opinion on the credit
figure of EURO 300,000 :
The above figure is
higher than normally seen in one amount, however could prove admissible in a
series of transactions provided the total indebtedness is strictly monitored.
It is normal accepted
practice for international suppliers to deal on secured terms with Algerian
importers.
PRINCIPAL BANKERS
NAME :
BANQUE NATIONALE D'ALGERIE (BNA)
Branch :
Agence de Mostaganem
Street :
Avenue Ben Yahia Belkacem No. 1, Palais Consulaire
Town :
27000 Mostaganem
Telephone : (213 45) 212 076 / 212 099
FINANCIAL INFORMATION
Balance sheets are not
available and the subject interviewed declined to give any financial
information, which the company regards as strictly confidential.
LEGAL STATUS AND HISTORY
Date Started : 1998
History : The company was
incorporated in
Authorised & Paid up
Capital : AD 68,200,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Mohamed Chakour
2. Other members of the
Chakour family
Affiliated companies of
Algerie Vehicules Industriels Trucks SARL :
Associates
Transports Chakour
Route des Sablettes
BP 3
27120 Mazagran
Mostaganem
Tel/Fax: (213 45) 219 863
/ 235 482 / 236 184
E-mail:
info@transports-chakour.com
ACTIVITIES
The Company is involved
in the following activities :
Importers and distributors
of trucks, trailers and semi-trailers (cisterns, dumps and flat beds) and
related spare parts.
Distributors for Reanult,
Iveco and Sicame.
Imports from
FACILITIES
The Company has the
following facilities :
20,000 square metre
premises comprising administrative offices, workshop and storage facilities
located at the heading address.
The company also has a
branch office in Bir Mourad Rais, Alger (see 'Branch Offices' below).
BRANCH OFFICES
Bureau de liason
Cite Said Hamdine No. 11
Bir Mourad Rais
Alger
Tel/Fax: (213 21) 546 092
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%)