MIRA INFORM
REPORT
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Report Date : |
08.06.2011 |
IDENTIFICATION DETAILS
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Name : |
TAPIDOR SARL |
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Registered Office : |
03, Rue De La Caisserie
31000, Oran |
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Country : |
Algeria |
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Date of Incorporation : |
06.12.2001 |
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Com. Reg. No.: |
99B0103086 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Manufacturer, Wholesalers and Retailers of rugs, carpets, blankets , textile materials, oriental carpets and handicrafts |
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 : |
USD 150,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Algeria |
b1 |
b1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Bottom of Form
SUBJECT'S NAME
Registered Name: TAPIDOR SARL
Requested Name: TAPIDOR
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: 03,
Rue De La Caisserie 31000, Oran
Postal Address: Chemin Vicinal N°1, Hassiane
Ettoual,
Oran
Country: Algeria
Phone: 213-41454812/
453829
Fax: 213-41453830
Email: Chenines@tapidor.com
Website: www.tapidor.com
CREDIT OPINION
Financial Index as of December
2009 shows subject firm with a medium risk of credit. We recommend Credit of
USD 150,000 on 90 days.
LEGAL
Legal Form: Limited Corporation (sarl)
Date Incorporated: 6-Dec-01
Reg. Number: 99B0103086
Tax Number 098231200028931
Nominal Capital DZD. 320,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr Hamou Ameloune MD
Mr Slimene Chenine Director
Mr Sofiane
Ameloune Director
Mme Saliha
Belkacem Director
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
Chemin Vicinal
N°1, Hassiane Ettoual,oran Branches of the firm
OPERATIONS
Registered to operate as a manufacturer, wholesalers and retailers of
rugs, carpets, blankets , textile materials, oriental carpets and handicrafts
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 250
employees.
Vehicles: 30
motor vehicles.
Territory of
sales: Algeria
Location: Owned
premises, 5.000 square feet,
AUDITORS AND INSURANCE
Auditors: Information not available.
Insurance Brokers: Information
not available.
FINANCE
Currency Reported: Algerian Dinar (DZD.)
Approx. Ex. Rate: 1 US Dollar = 92.4 Algerian Dinar
Fiscal Year End: December
31, 2010
Inflation: According to
information given by independent sources, the inflation at December 31st,
2010 was of 13%.
Financial
Information Submitted
DZD.
Profit and Loss (expressed in DZD.)
2010
Sales 1,367,527,140
Net Profit (Loss)
BANK
Bank Name: BADR Bank
Branch: Oran
Enquiry Amount: 100,000
Terms: 30 days
Bank Code: Code
-C which means good for normal Business Engagements
Comments: None
TRADE
REFERENCES
Experiences: Good
NOTARIAL
BONDS
None
COMMENTS / ADDITIONAL INFORMATION
This information was
obtained from outside sources other than the subject company itself and
confirmed the above subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.74 |
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UK Pound |
1 |
Rs.73.25 |
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Euro |
1 |
Rs.65.48 |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.