MIRA INFORM REPORT
|
Report Date : |
11.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
ALTEA FILMS |
|
|
|
|
Registered Office : |
Route de Tunis Km 15, Sidi Salah, Sfax |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.05.2007 |
|
|
|
|
Com. Reg. No.: |
B 0836362007 |
|
|
|
|
Legal Form : |
Public Limited Company |
|
|
|
|
Line of Business : |
Manufacture of light metal packaging |
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 |
|
Status : |
Good |
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
|
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Financial
Briefing
Nominal Capital: 1,000,000 Tunisian Dinar
Issued Capital: N/A
Turnover: 4,800,000 Tunisian Dinar
Net Profit: 90,000 Tunisian Dinar
Net Worth: 4,745,000 Tunisian Dinar
Original
Investigation Details
Company Name: Altea Films
Country: TU
Street Name: Route
De Tunis KM‑15 Sidi Salah
City Code: Sfax
Post Code: BP469
Company
Details
Company Name: ALTEA
FILMS
Headquarter Address: Route de Tunis Km 15,
Sidi Salah,
Sfax,
Telephone: +21674
273032
Fax: +21674
273039
E‑Mail: ines.derbel@altea‑packaging.com
/ contact@cogitel.com.tn
Company
was originally started on 2007
Registration
& Legal Details
Current Legal Form: PUBLIC LIMITED CO
Additional Information: Customs ID:828342
C
Registration Address: Route de Tunis Km 15,
Sfax
Registration Number: B 0836362007
Registration Date: 17/05/2007
Year/Date Company Established: 2007
Tax Registration Number: 1005382 J/A/M00
Capital
Currency: Tunisian
Dinar
Authorized Capital: 1,000,000
Paid Up Capital: 1,000,000
Shareholders
Shareholders:
Name/Other Information Shares Held % of Voting/Non‑Voting
capital
COGITEL, 99.00% (VOTING)
ZEGHAL FAMILY, 1.00% (VOTING)
Principals
Name: Ms
Nadia Zeghal
Position within the company: President and managing
director
Country of Birth:
Nationality: Tunisian
Can fluently speak: French/English
Name: Ms
Ines Derbel
Position within the company: Assistant to Administration
& Financial Director
Country of Birth:
Nationality: Tunisian
Can fluently speak: French/English
Company
Activities
NACE Codes: 2592 Manufacture of light metal packaging
The subject is Specialized in the transformation of polymer movies in metallic polymer movies. Movies are received virgins and receive a deposit at the end of metal.
The company proposes movies in the similar intrinsic mechanical properties to those of the virgin movies, intended to be printed, flattened or to be welded, but among which the properties barriers and optics are improved.
Types of supports: PPOC, FART, EP
Operations
Employees Company Employs: 10
Group
employs: 300 staff
HQ Premises Operates from: Owned Office , Factory, Warehouse
Location: Suburban
Business Area
Imports
Imports Raw Materials, Imports Finished Goods
Imports From:
Importing Terms: Bank transfer
Subject's Suppliers: Company Name: GULF PACK
Company Name: TAFGHLEEF
Company Name: ESTER
INDUSTRIES
Company Name: TORAY
Exports
Export % and type of product: 30%
Exports To:
Exporting Terms: bank transfer
Additional Information: The other payment method is letter of credit
Trading
& Selling
Territory: 70%
Nationally, 30% International
Type of Customer: Industrial
Companies
Number of accounts:
7
Company
is reported to have a market share of: 100%
Related
Companies
Subsidiaries
Affiliates
COGITEL
Route de Tunis Km 15, Sidi Salah
BP : 469,
Sfax,
Start Date: 1984
Operates as: development, conversion and printing of flexible packaging.
SIED
Z.I
Ksar Said, 4 rue du
Tissage,Douar
Hicher,
Manouba,
Start
Date: 1980
Operates
as: A manufacture of Light weight metal packaging.
COGITELLA
Zone
Industrielle Didouche
Mourad,25
000 ‑,
Operates
as: A manufacture of Light weight metal packaging.
OPTIMA
Rue
F, Quartier industriel,Aîn
Sebaâ,
Operates
as: Light weight metal packaging.
ROLAND
EMBALLAGE
101,
rue P.V. Couturier,F 59217,
Cattenieres,
Start
Date: 1903
Operates
as: development, conversion and printing of flexible packaging.
ROTOPACK
10th
of
Area
A2 / P.O.Box: 434,
Operates
as: A manufacture of Light weight metal packaging.
Bankers
Banque Internationale Arabe de Tunisie,
Branch: Harzallah Sfax Agency
Sfax
Account Number: 08 700 00040 10 534238 52
Additional Information: Date Account
Opened:2007
Amen Bank,
Branch: Ariana Sfax Ageny
Sfax
Account Number: 07 407 00 52 101 1124 4409
Additional Information: Date Account
Opened:2007
Financial
Information
Source: Ines
Derbel Financial Director
Figures are: Official
Figures
Currency: Tunisian
Dinar
Months Sales
Figures Sales Gross Profit/Loss Net Profit/Loss
12 31/12/2010 4,800,000 90,000
12 31/12/2009 1,700,000 (102,000)
12 31/12/2008 700,000 (302,000)
Brief
Financials Data
Date Obtained: 06/04/2011
Date of Figures: 31/12/2010
Figures are: Official
Figures
Currency: Tunisian
Dinar
Issued Capital 1,000,000
Retained Earnings (402,000)
Net Worth
4,745,000
Long Term Liabilities 1,412,000
Trade Creditors 1,107,000
Bank Overdraft 1,475,000
Total Current Liabilities
2,642,000
Total Liabilities 4,053,000
Fixed Assets
1,403,000
Stock
672,000
Trade Debtors
2,037,000
Cash
2,000
Total Current Assets 3,342,000
Total Assets
4,745,000
Payments
Subject's payments reported to be: REGULAR
Representation
Auditors: CABINET
ABDENNATHEIR MONCEF
Interview
& Reporter Comments
Name/Title: Ines
Derbel Financial Director
Comment: Subject
has confirmed the general details shown in the report.
Reporter Comment: In the interview with Ms.Ines
Derbala, she Confirmed the general
information
regarding the company.
As per Tunisian Commercial law companies, except the quoted public limited ones, are not required to file their financials and are under no obligation to provide such details to third parties, representatives and or correspondents representing international and or local clientele.
Conclusions
Accounts Comments: Only Brief Financial data has been obtained by the subject, our assessment and
ratings are therefore based on the reliability of the data obtained.
Local Reputation: The company being investigated is
considered by local reporters to be a Fair /
Trade Risk.
General Conclusion: Local informants consider granting of credit to be a fair trade risk.
Financial Results Trend: Financial Information indicates that the business activities of the company are
showing an upward turn.
Age of Business: The company has been established for under 5 years.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.04 |
|
|
1 |
Rs.72.20 |
|
Euro |
1 |
Rs.63.40 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.