MIRA
INFORM REPORT
|
Report Date : |
26.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SARL SAFRIC |
|
|
|
|
Registered Office : |
12 Rue Mazagran Kenani Kaddour, Sidi Bel abbes 22000 |
|
|
|
|
Country : |
Algeria |
|
|
|
|
Date of Incorporation : |
20/01/1997 |
|
|
|
|
Com. Reg. No.: |
98B0022072 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Sale motor vehicle parts/accessories. Importation and distribution of the tires. |
Registration Briefing
Registration Number: 98B0022072
Registration Date: 20/01/1997
Legal Form: PRIVATE LIMITED CO
Latest Financials: N/A
Financial Briefing
Nominal Capital: 20,000,000 Algerian Dinars
Issued Capital: 20,000,000 Algerian Dinars
Turnover: N/A
Net Profit: N/A
Net Worth: N/A
Rating Briefing
Current Recommended Credit: N/A
Former Recommended Credit: N/A
Payment Record: NO COMPLAINTS
Original Investigation Details
Company Name: SARL SAFRIC
Country: AG
Street Name: 12 RUE MAZAGRAN, 22000 SIDI BEL ABBES
City Code: SIDI BEL ABBES
Phone Number: 048560197
Fax Number: 048555914
Company Details
Company Name: SARL SAFRIC
Company acronym: SAFRIC
Headquarter Address: 12 Rue Mazagran Kenani Kaddour,
Sidi Bel abbes 22000,
Algeria
Telephone: +21348 560197
+21348 565549
Fax: +21348 555914
Company was originally started on 1998
Registration & Legal Details
Current Legal Form: PRIVATE LIMITED CO
Registration Address: 12 Rue Mazagran Kenani Kaddour,
Sidi Bel abbes 22000
Registration Number: 98B0022072
Registration Date: 20/01/1997
Year/Date Company Established: 1998
Registration Town: Sidi Bel Abbes
Capital
Currency: Algerian Dinars
Nominal Capital: 20,000,000
Issued Capital: 20,000,000
Shareholders
Shareholders:
Name/Address Shares Held % of Voting/Non‑Voting capital
Mustapha Refki,
Sidi Bel Abbes,
Algeria
Mohamed Refki,
Sidi Bel Abbes,
Algeria
Principals
Name: Mr Mustapha Refki
Position within the company: Managing director
Address: Sidi Bel Abbes
Country of Birth: Algeria
Nationality: Algerian
Can fluently speak: Arabic/French
Name: Mr Khaled Mehareb
Position within the company: General manager
Address: Sidi Bel Abbes
Country of Birth: Algeria
Nationality: Algerian
Can fluently speak: Arabic/French
Name: Mr Mohamed Refki
Position within the company: Manager
Address: Sidi Bel Abbes
Country of Birth: Algeria
Nationality: Algerian
Can fluently speak: Arabic/French
Name: Ms Mokhtaria Zitouni
Position within the company: Secretary
Address: Sidi Bel Abbes
Country of Birth: Algeria
Nationality: Algerian
Can fluently speak: Arabic/French
Company Activities
NACE Codes: 5030 Sale motor vehicle parts/accessories
The company is involved in the importation and distribution of the tires. These goods are sold on a wholesale basis and totally within the local clients.
Local Reporters consider the investigated company to be MEDIUM in their field of concern.
Operations
Employees Company Employs: 9
HQ Premises Operates from: Rented Office , Shop
Location: Residential Area
Branches SARL SAFRIC,
Industrial area,
Zone Industrielle,
Route de Mascara,
Sidi Bel Abbes,
Algeria
Description of branch: Warehouse
Imports
Import % and type of product: 80% Finished Goods
Imports From: India, China, Turkey
Importing Terms: 60 days credit, letters of credit
Additional Information: The company buys 20% of product locally at Michelin Algerie
Subject's Suppliers: Company Name: MICHELIN ALGERIE SPA
Address: 436 Route de Birkhadem,
Hussein Day 16008,
Algeria
Phone: +21321‑581884
Exports
Export % and type of product: Subject does not export
Local Purchases
Purchasing Terms: 30 days bank transfer
Additional Information: The company buys 20% of product locally at Michelin Algerie
Trading & Selling
Territory: 100% Nationally
Terms of Sales: bank transfer
Additional Information: Other payment mode : cash
Type of Customer: Group Companies, Government Bodies, Local Authorities, Wholesalers
Related Companies
Information on Related Companies is not available/applicable
Bankers
SOCIETE GENERALE ALGERIE SPA,
Branch: Agence Sidi Bel Abbes
Rue Larbi Tebessi,
Sidi Bel Abbes 22000,
Algeria
Relationship with Bank: is undetermined
Additional Information: Bank phone number:+21348 543428
BANQUE DE L'AGRICULTURE & DU DEVELOPPEMENT RURAL,
Branch: Agence 022
Place du 1er Novembre 1954,
Sidi Bel Abbes 22000,
Algeria
Relationship with Bank: is undetermined
Additional Information: Bank phone number :+21348 544441
Financial Information
Financial information is not available/applicable
Payments
Subject's payments reported to be: NO COMPLAINTS
Interview & Reporter Comments
Name/Title: Mokhtaria Zitouni Secretary
Comment: Subject has confirmed the general details provided in the report but has declined
to provide any Financial Data.
Reporter Comment: Please be informed that we obtained the supplied data via from the Algerian
Economical guide and interview conducted with a company’s principal.
Due to the lack of data sources in the local territory, we were unable to gather
additional information about this entity
In the interview conducted with Ms. Mokhtaria Zitouni,secritary. Confirmed details
shown in this report and declined to provide any financial figures stating that his
general manager misses currently.
Conclusions
Accounts Comments: Full Financial Statements were unavailable to local analysts so a
complete and accurate picture of the financial strength of the company
could not be ascertained.
Our assessment and ratings are therefore based on non‑financial data.
Local Reputation: Local informants have not adequate information to assess the Subject's
local reputation.
Owner/Shareholders Comments: All or most of the owners / shareholders have an active participation in
the running of the business.
Age of Business: The company is a long established family run business.
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. |
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%)