MIRA
INFORM REPORT
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Report Date : |
10.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SARL D A TWIN IMPORT EXPORT |
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Registered Office : |
Route Novembre 2 No 7, Route De Batna, Ain M'lila 4300 |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
24 January 1999 |
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Com. Reg. No.: |
99B0402179 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and distributors of motor vehicle components and
accessories, industrial and commercial vehicle body components and 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 1,500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SARL D A TWIN IMPORT
EXPORT
ADDRESS
Street : Route Novembre 2 No 7, Route De Batna
Town : Ain M'lila 4300
Country :
Telephone :
(213 32) 440 126 / 452 363 / 447 729 / 440 117
Fax : (213 32) 447 527 / 447 734
Formerly Known As
EURL Dilmi Abderrahmane
Also Known As
Est Dilmi Abderrahmane
SENIOR COMPANY
PERSONNEL
Name Position
1. Abderrahmane
Dilmi Managing Director
2. Abdelrazak Dilmi Deputy
Managing Director
3.
4. Djamel Dilmi Director
5. Lemtaiche Adjal Commercial
Manager
Total Employees
7
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 1,500,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANQUE NATIONALE D'ALGERIE
Branch :
El Khroub 25100
Town :
Telephone : (213 31) 642 238 / 642 235
Account No : 8350308300370
Subject also has an
account with:
Banque Al Baraka
d'Algerie SPA
5 Rue Mokhtar Dakhli
Tel: (213 31) 923 045
Fax: (213 31) 923 047
FINANCIAL INFORMATION
Highlights from the
Company's balance sheet as at 31 December show :
ASSETS 31.12.2003 31.12.2004
31.12.2005
Fixed Assets : 6,403,108 5,621,932 4,102,444
Inventories : 46,166,564
39,027,479 78,757,645
Other Assets : 6,064,263 3,614,199 10,322,027
Cash and Bank : 28,014,636
22,415,208 1,596,132
Total Assets : 86,648,572
70,678,818 94,778,247
LIABILITIES &
SHAREHOLDERS EQUITY 31.12.2003 31.12.2004 31.12.2005
Share Capital : 50,000,000 50,000,000 50,000,000
Retained Earnings : 9,436,796
10,307,651 11,131,594
Trade Payable and
Related Accounts : 26,217,778 8,435,505 31,742,793
Taxes : 123,142 267,454 488,764
Net Profit for the
Period : 870,855 1,668,209 1,415,097
Total Liabilities &
Shareholders' Equities : 86,648,572 70,678,818
94,778,247
Sales Turnover : AD
25,571,264 - 2003 - exact
: AD 36,995,167 - 2004 -
exact
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AD 40,477,447 - 2005 - exact
: AD 45,000,000 - 2006 -
exact
Operating Profit : AD
870,855 - 2003 - exact
: AD 1,624,583 - 2004 -
exact
: AD 1,415,097 - 2005 - exact
: not given - 2006 -
Net Profit :
AD 870,855 - 2003 - exact
: AD 1,668,209 - 2004 -
exact
: AD 1,415,097 - 2005 -
exact
: AD 1,700,000 - 2006 -
exact
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 24
January 1999
History : Subject was
established in 1985 as a proprietorship owned by Abderrahmane Dilmi. In 1999
subject changed its legal status into a single shareholder limited liability
company. On 25 December 2005 the company
changed its legal status into a limited liability company with the current
shareholders and changed its name to the current style.
C.R. No. : 99B0402179
Capital : AD 20,000,000
(increased from AD 2,000,000)
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
Percentage
1. Abderrahmane
Dilmi 60 %
2. Abdelrazak Dilmi )
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3.
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4. Djamel Dilmi )
ACTIVITIES
The Company is involved
in the following activities :
Importers and
distributors of motor vehicle components and accessories, industrial and
commercial vehicle body components and spare parts.
Imports from
FACILITIES
The Company has the
following facilities :
Owned office premises,
showroom 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%)