MIRA INFORM REPORT

 

 

Report Date :

08.10.2007

 

IDENTIFICATION DETAILS

 

Name :

SOTACER   STE TUNISIE ACER

 

 

Registered Office :

4 Rue 8607 Z.I Charguia, Charguia – 2035

 

 

Country :

Tunisia

 

 

Date of Incorporation :

01/01/1965

 

 

Com. Reg. No.:

788000006457

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Manufacture of Electric Domestic Appliances.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

OUR ANSWER ON

 

Company Number          788000006457

Name                            SOTACER   STE TUNISIE ACER

Address                                    4 RUE 8607 Z.I CHARGUIA

Town                             CHARGUIA

                                    2035

Phone                           71 794022

Fax                               71 790212

 

 

GENERAL DATA

 

Commerce registration               B16855996

Customs registration                  120236Z

Tax contributor registration          001475NAM000

Legal form                                 PUBLIC LIMITED COMPANY

Date of incorporation                  01/01/1965

Present registered capital           3,735,200   TND

 

 

Management

 

ALLANI MOHSEN                      CHAIRMAN AND MANAGING DIRECTOR

 

BEN ZINA RIDHA                       DEPUTY MANAGING DIRECTOR

 

SOLTANI HOUCINE                   DEPUTY MANAGING DIRECTOR

 

ALLANI SONIA                          DEPUTY MANAGING DIRECTOR

 

 

ACTIVITY

 

MANUFACTURE OF ELECTRIC DOMESTIC APPLIANCES.

 

Activity sector         Manufacture of electric domestic appliances

 

 

Staff

 

150  

 

 

Factories/Branches

 

HEAD OFFICE              4 RUE 8607 ZI CHARGUIA         2035      TUNIS CARTHAGE

           Aspect      On Rent

 

Factory                         EX ARSENAL                                        7080      MENZEL BOURGUIBA

          Aspect       On Rent

 

OUTLET                        32 RUE DE MARSEILLE            1001      TUNIS

          Aspect      On Rent

 

MAIL                                         BP 380                                     1080      TUNIS CEDEX

         Aspect    On Rent

 

Depot                                        MENZEL BOURGUIBA               7050      MENZEL BOURGUIBA

        Aspect      In Private Property

 

AGENCY                      SFAX                                        3000      SFAX

       Aspect         On Rent

 

 

Major brands

 

SOTACER

Group              ALLANI MOHSEN

 

 

FINANCIAL DATA

 

ALLANI SONIA                                                              68.51 %

CTE EL ATHIR  COMPAGNIE TUNISIENNE

D'ELECTRONIQUE                                            20.08 %

AUTRES                                                                       11.41 %

 

 

Banks’ References

 

UBCI SADIKIA

BT MOHAMED V

BNA SUCCURSALE DE TUNIS

BIAT MOHAMED V

 

 

Currency:                   TND

 

  Fiscal years             31/12/2006          31/12/2005          31/12/2004

  Annual gross sales       15,550,000          16,196,813          16,920,752  

  Net income                  365,000             309,853             290,585  

  Balance sheet                    No                 Yes                 Yes

 

 

TRADE AND PAYMENT INFORMATION

 

Bank's opinion                                                   Good

Trade payments                                     Regular

Trade commercial opinion                       Good

Company's negative occurrence No

 

 

COMMENTS

 

STE TUNISIE ACER (SOTACER) IS AN OLD-CREATED PUBLIC LIMITED COMPANY.

 

THE SUBJECT BELONGS TO ALLANI MOHSEN GROUP.

 

THE SUBJECT'S HEAD OFFICE IS BASED IN TUNIS, IT IS INVOLVED IN THE MANUFACTURE OF COOKERS, REFRIGERATORS, OIL AND GAS HEATINGS.

 

THE SUBJECT HAS NOT EXPORTED IN 2006.

 

THE SUBJECT IMPORTS NEXT TO CALOR.

 

THE 2006 IMPORTATIONS AMOUNT WAS 10 776 000 TND.

 

THE MAIN LOCAL SUPPLIERS ARE REVOLON, SNDP, ABIR, AIR LIQUIDE...

 

THE MAIN CUSTOMERS ARE ELECTRO ENNABLI, LMS CONFORT, SEMA, SODECOM, GRAIET..

 

IN 2006, THE SUBJECT INVESTED 127 000 TND FOR FITTING OUT WORKS.

 

IN 2007, THE SUBJECT INVESTED 160 000 TND TO PURCHASE GAS CHARGE MACHINE AND OFFICE EQUIPMENTS.

 

THE TOTAL OF ITS CAPITAL BASE WAS 8 006 871 TND IN 2006.

 

ACCORDING TO OUR SOURCES, THIS COMPANY WOULD NOT RECORD PAYMENT INCIDENTS.

 

A VERY COMPETITIVE SECTOR, MANY ELECTRIC DOMESTIC APPLIANCES MANUFACTURERS AND FITTERS SUFFERED FROM THE BANKRUPCY OF BATAM AND ELECTRO KALLEL.

 

 


 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions