MIRA
INFORM REPORT
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Report Date : |
16.05.2007 |
IDENTIFICATION DETAILS
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Name : |
AGD PHARM SARL |
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Registered Office : |
2 Rue Mohamed Tahar Souag, Hydra, |
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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, manufacturers and wholesalers of pharmaceuticals and medical syrop. |
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 2,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
AGD PHARM SARL (Correct)
SARL AGD PHARMA (NF)
(Requested)
ADDRESS
Street :
2 Rue Mohamed Tahar Souag
Area : Hydra
Town :
Country :
Telephone :
(213 21) 298 077 / 298 088 / 6151 7936 (mobile)
Fax : (213 21) 688 217
E-Mail : yassinnabbi@yahoo.fr
SENIOR COMPANY
PERSONNEL
Name Position
1. Yassin Nabi Managing Director
2. Mouhoub Berkani Financial
Director
Total Employees
40
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 2,000,000
Trade risk assessment :
Opinion on the credit
figure of US DLRS 1,000,000 :
We consider the above
figure to be beyond the Company's financial capabilities and recommend dealing
on fully secured terms.
PRINCIPAL BANKERS
NAME :
CREDIT POPULAIRE D'ALGERIE (CPA)
Branch :
2 Boulevard Colonel Amirouche
PO Box :
856
Town :
Telephone : (213 21) 611 334 / 632 855
Fax :
(213 21) 632 855
The company also has an
account with the following bank:
1. Banque de
l'Agriculture et du Developpement Rural
17 Blvd Colonel Amiroche
Telephone: (213 21) 647 264
Fax
: (213 21) 742 211
2. B.N.P. / Paribas El
Djazair
Hydra
10, Rue Abou Nouas
Alger
Telephone: (213 21) 603 942 / 603 929
Fax
: (213 21) 603 929
FINANCIAL INFORMATION
Private companies in
Sales Turnover : AD 100,000,000 - 2006 - exact
Net Profit :
not given
LEGAL STATUS AND
HISTORY
Date Started : 1998
Capital : AD 5,000,000
(increased from AD 2,000,000)
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Yassin Nabi
2. Other unnamed members
of the Nabi family
3. Undisclosed
shareholders
ACTIVITIES
The Company is involved
in the following activities :
Importers, manufacturers
and wholesalers of pharmaceuticals and medical syrop.
Imports from
FACILITIES
The Company has the
following facilities :
Office premises located
at the heading address.
The subject company has
the factory at Zeralda, Wilaya de Tipaza Industrial Area.
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%)