MIRA INFORM
REPORT
|
Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SOCIETE ALGERO FRANCAISE DU METAL SARL |
|
|
|
|
Registered Office : |
Industrial Zone, No. 56 Pont Bochet Anna Ba |
|
|
|
|
Country : |
Algeria |
|
|
|
|
Date of Incorporation : |
12.01.2002 |
|
|
|
|
Com. Reg. No.: |
08B0976535 |
|
|
|
|
Legal Form : |
Societe Anonyme
Responsabilite Limitee. |
|
|
|
|
Line of Business : |
dealers in scrap
metals such as aluminium scrap, lead scrap, copper scrap etc |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 50,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
No Complaints |
|
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) |
|
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
SUBJECT'S NAME
Registered Name: SOCIETE ALGERO FRANCAISE DU METAL SARL
Requested Name: SOCIETE
ALGERO FRANCAISE DU METAL SARL
Other Names: UNITES
BLUE STARS
ADDRESS AND TELECOMMUNICATION
Physical Address: Industrial
Zone, No. 56 Pont Bochet Anna Ba Algeria
Postal Address: Cite
Douz 04 No. 246 Bars Ezzouar
Alger
Country: Algeria
Phone: 213-21-240375
Cell: 213-661980640
Fax: 213-21-240334
Email: alfrdmtl@gmail.com
Website: None
CREDIT OPINION
Financial Index as of
December 2010 shows subject firm with a medium risk of credit. However, bank
and credit information obtained reveal a history of prompt payments. We
recommend Credit of USD 50,000 on 90 days.
LEGAL
Legal Form: Societe
Anonyme Responsabilite Limitee.
Date Incorporated: 12/01/2002
Reg. Number: 08B0976535
Nominal Capital DZD. 400,000
Subscribed Capital DZD. 400,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Christian
Lepage MD
Mr. Ezeldine
Masalha Director
Mr. Masa Azeddine GM
RELATED COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
One in Algeria Branches of the firm
OPERATIONS
Registered to operate as dealers in scrap metals such as aluminium
scrap, lead scrap, copper scrap etc and other related products
Imports: Asia,
China
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 50
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Algeria
Location: Owned
premises, 25.000 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 = 71.85 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 not Submitted
Profit and Loss
(expressed in DZD.)
2010
Sales 2,450,000,000
BANK
Bank Name: Al Baraka Bank
Branch: Algiers
Comments: Overdraft None, Promissory notes- 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
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.