MIRA INFORM REPORT

Report Date :

16.06.2011

IDENTIFICATION DETAILS

Correct Name :	SOC FRANCO-AFRICAINE COMM - SOFRACOM
Registered Office :	Industrial Zone, No. 56 Pont Bochet Anna Ba Algeria
Country :	Algeria
Date of Incorporation :	January 2011
Com. Reg. No.:	529782260
Legal Form :	Simplified Joint Stock Company
Line of Business :	Wholesale business non-specialized food

RATING & COMMENTS

MIRA’s Rating :

NB

RATING		STATUS	PROPOSED CREDIT LINE
----	NB	New Business	----

Status :	New Company
Payment Behaviour :	Unknown
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 31^st, 2011

Country Name	Previous Rating (31.12.2010)	Current Rating (31.03.2011)
Algeria	b1	b1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Bottom of Form

REGISTERED NAME & COMPANY SUMMARY

Company Summary

Company Details
Company Number	52978226000028
Name	SOC FRANCO-AFRICAINE COMM - SOFRACOM
Telephone
Fax
Legal form	Simplified joint stock company
RCS Registration	529782260
Share Capital	40,000
Incorporation Date	01/2011
Address	17 RUE DE LA VICTOIRE
Postcode	75009 PARIS 9
Nationality	France

Company Information

company details
Company Name	SOC FRANCO-AFRICAINE COMM - SOFRACOM
Company Number	52978226000028
Activity (APE)	Commerce de gros (commerce interentreprises) alimentaire non specialise (Wholesale (business to business) non-specialized food)
Activity (APRM)
Currency	EURO (€)
Share capital	40,000
Registration Court	Paris (75)
Legal form	Simplified joint stock company
Court Registry Number	20 1 1B014
EU VAT Number
Incorporation Date	01/2011
Formation Date	01/2011
Deregistration Date
Last account Date	N/A
Nationality	France

Establishment details
Postal Address / Physical Address	Cite Douz 04 No. 246 Bars Ezzouar Alger, Algeria
Trading Address	17 RUE DE LA VICTOIRE, 75009 PARIS 9,
Registered Address	Industrial Zone, No. 56 Pont Bochet Anna Ba Algeria
Telephone
Fax
Type	Secondary establishment
Status	Economically active
Formation Date	01/2011
Reason for formation	Formation
Closure Date
Reason for closure
Reactivation Date
Production Role
Activity Nature	Import, export
Activity Location	Office
Location Service
Seasonality

Other establishments
Branches	2 branch entities in this company

CREDIT RECOMENDATION

Current Credit Limit: No credit limit recommended.

DIRECTORS/MANAGEMENT

Directors Summary

Directorships

Directors

Director
Name	M EICH VALERY	Manager position	Président
Date of birth	13/09/1966	Place of birth	PARIS (75014)
Type of manager	Individual	Name at birth of manager

NEGATIVE INFORMATION

Judgements

Collective Procedures

Courts

There are no Judgements filed against this company.

Rncs

There are no Judgements filed against this company.

Bodacc

There are no Judgements filed against this company.

Preferentials Rights

No social security and tax office preferential right to date.

SHARE & SHARE CAPITAL INFORMATION

Na

PAYMENT INFORMATION

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure

No group structure for this company.

FINANCIAL INFORMATION

Na

FOREIGN EXCHANGE RATES

Na

ADDITIONAL INFORMATION

Judgements Summary

No judgements against this company.

1

Accounts Summary (last 3 years)

There is no accounts filed for this company.

Company number	52978226000010	Company name	SOC FRANCO-AFRICAINE COMM - SOFRACOM
Type	Head office (one site company)	Activity (ape)	Commerce de gros (commerce interentreprises) alimentaire non spécialisé
Post Code	75013	City	PARIS 13

Company number	52978226000028	Company name	SOC FRANCO-AFRICAINE COMM - SOFRACOM
Type	Secondary establishment	Activity (ape)	Commerce de gros (commerce interentreprises) alimentaire non spécialisé
Post Code	75009	City	PARIS 9

Regionality

Mono-activity status

Workforces
Workforce at address	1 or 2 employees
Company workforce	1 or 2 employees

Event history

Status history
Date	Description
13/01/2011	Economically active

Recent Publications in Gazettes
Publication Date	Gazette Name	Description
06/02/2011	A_REG	Création d'établissement
75 - PARIS GREFFE DU TRIBUNAL DE COMMERCE DE PARIS 672 - 529 782 260 RCS Paris. SOCIETE FRANCO-AFRICAINE DE COMMERCE - SOFRACOM. Forme : Société par actions simplifiée. Administration : Président : Eich, Valery, Commissaire aux comptes titulaire : Kahouadji, Lucien, Commissaire aux comptes suppléant : FIDUCIAIRE PARIS RHONE ALPES - FIPAR. Capital : 40000 EUR. Adresse : 38 rue Dunois, 75013 Paris. Origine du fonds : Création d'un fonds de commerce. Etablissement : Etablissement principal. Activité : Distribution de tous produits alimentaires (non règlementés) et de droits audiovisuels. Adresse : 38 rue Dunois, 75013 Paris. A dater du : 21/01/2011. Date de commencement de l’activité : 13/01/2011. Descriptif : . Commentaires : Immatriculation d'une personne morale (B, C, D) suite à création d'un établissement principal.

Company events history

No event history for this company.

Establishment events history

No establishment event history for this company.

NOTES & COMMENTS

Na

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.68
UK Pound	1	Rs.73.05
Euro	1	Rs.64.29

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
----	NB	New Business	----

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.