MIRA
INFORM REPORT
|
Report Date : |
18.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
SARL CADENT |
|
|
|
|
Registered Office : |
26 Rue Ayachi Mohamed Belouizdad, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
1994 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading as importers, wholesalers and retailers of building
construction materials. |
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 1,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COmpany NAME
SARL CADENT
ADDRESS
Street : 26 Rue Ayachi Mohamed Belouizdad
Town :
Country :
Telephone :
(213) 2169 7960
Fax : (213) 2169 0299
E-Mail : hamaidia.zahia@gmail.com
SENIOR COMPANY
PERSONNEL
Name Position
Zahia Hamaidia (Mrs) Managing
Director
Total Employees
15
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 international suppliers may prefer to exercise some
caution.
Opinion on maximum credit
: AD 1,000,000
Trade risk assessment :
Opinion on the credit
figure of EURO 100,000 :
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 DU DEVELOPPEMENT LOCAL SPA
Branch :
Rue Gaci Amar Staqueli 5
Town :
Telephone : (21) 392 820
Fax :
(21) 393 766
The company also has an
account with the following bank:
Credit Populaire
D'Algerie (CPA)
2 Boulevard Colonel
Amirouche
PO Box: 856
Tel: (213 21) 611 334 /
632 855
Fax: (213 21) 632 855
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 : 1994
History : The company was incorporated in
Capital : not given
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Zahia Hamaidia
2. Mr Hamaidia
ACTIVITIES
The Company is involved
in the following activities :
Trading as importers, wholesalers
and retailers of building construction materials.
Distributors for
FACILITIES
The Company has the
following facilities :
Office, wholesale outlet
and storage facilities located at the heading address.
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%)