MIRA
INFORM REPORT
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Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE MONITEX SARL |
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Registered Office : |
Route de Khniss, Monastir 5000 |
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Country : |
Tunisia |
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Year of Establishment : |
1996 |
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Com. Reg. No.: |
B 1112471996 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture of other outerwear |
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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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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Tunisia |
A2 |
A2 |
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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 |
Company name
SOCIETE MONITEX SARL
Registration Briefing
Registration
Number: B
1112471996
Registration
Date: 1996
Legal
Form: PRIVATE
LIMITED CO
Latest
Financials: N/A
Financial Briefing
Nominal
Capital: 150,000
Tunisian Dinar
Issued
Capital: N/A
Turnover: 3,152,600
Tunisian Dinar
Net
Profit: 220,682
Tunisian Dinar
Net
Worth: N/A
Original Investigation Details
Investigation
Number: 134060
Company
Name: Monitex
Country: TU
Street
Name: Route
De Kairouan 5000 Mowastir
City
Code:
Comments: Creditamount :
250,000.00 EUR
Please
Note :
If
you have already provided this Report within last 6 Months,
Please
do not proceed as a New Inquiry and Inform us
immediately
by return.
IF
THE GIVEN NAME AND ADDRESS WHICH WE HAVE
PROVIDED
DIFFERS THAN KINDLY MENTION THE
RELATION
OF THE SAME IN THE REPORT.
We
require FRESHLY Investigated Report (with last 2/3 years
financials
– if possible) in lights of current scenario and
development
in and around the subject and any important
guidelines
or suggestions to make
Please
provide the maximum credit limit & latest financials on
the
subject company
Company Details
Company
Name: SOCIETE
MONITEX SARL
Headquarter
Address: Route
de Khniss,
Monastir
5000,
Tunisia
Telephone: +21673
530208
Fax: +21673
530201
Company History
Former
Addresses Date
of Change
Avenue
Du Combattant Supreme, 03/07/2008
Monastir
5000
Company
was originally started on 02/1996
Registration & Legal Details
Current
Legal Form: PRIVATE
LIMITED CO
Additional
Information: Deposit
Numbers: D 151145896
Registration
Number: B
1112471996
Registration
Date: 1996
Year/Date
Company Established: 02/1996
Registration
Town: Monastir
Tax
Registration Number: 318055
B/A/M000
Capital
Currency: Tunisian
Dinar
Authorized
Capital: 150,000
Paid
Up Capital: 150,000
Shareholders
Shareholders:
Name/Other
Information ` Shares Held %
of Voting/Non‑Voting capital
Jean‑philippe
Servanton (Principal
Shareholder),
France
Principals
Name: Mr
Jean Philippe Servanton
Position
within the company: General
manager
Country
of Birth: France
Nationality: French
Can
fluently speak: French
Name: Ms
Hedia Yahaoui
Position
within the company: Principal
Country
of Birth: Tunisia
Nationality: Tunisian
Can
fluently speak: French
Company Activities
NACE
Codes: 1413 Manufacture of other outerwear
The Company is involved in the manufacturing
of men’s and women’s and Children's outerwear’s , made from imported raw
materials
then sold totally on a wholesale basis to the foreign clients.
Local
Reporters consider the investigated company to be MEDIUM in their field of
concern.
Operations
Employees Company
Employs: 250
Figure
is approximate
HQ Premises Operates
from: Rented Office , Factory,
Warehouse
Location: Suburban Business Area, Side Road
Imports
Import
% and type of product: 100% Raw
Materials
Imports
From: Europe,
India
Importing
Terms: 60 days credit,
letters of credit
Exports
Export
% and type of product: 100%
Exports
To: Europe
Exporting
Terms: 90 days
credit, bank transfer
Trading & Selling
Territory: 100%
International
Type
of Customer: Group
Companies, Wholesalers and Retailers
Related Companies
Subsidiaries
Affiliates
APPROTEX
Z.I.
RTE DE KHNISS ‑ 5000 ‑,
MONASTIR,
Tunisia
Start
Date: 2008
Operates
as: A Manufacture of outerwear.
Related
through: common shareholders
Bankers
BANQUE
INTERNATIONALE ARABE DE TUNISIE,
Branch:
Monastir
5000,
Tunisia
1996
Relationship
with Bank: is
reported to be satisfactory
Financial Information
Financial
Interview Date: 17/06/2011
Source: The
local tax office
Figures
are: Estimates
Currency: Tunisian
Dinar
Months Sales Figures Sales Gross
Profit/Loss Net
Profit/Loss
12 31/12/2009
3,152,600
220,682
12 31/12/2008
3,087,144
216,100
12 31/12/2007 3,059,731
214,181
Payments
Subject's
payments reported to be: NO COMPLAINTS
Interview & Reporter Comments
Name/Title: Hedia Yahaoui Principal
Comment: Latest Financial Statements are not currently available.
Subject has confirmed the general details provided in the report but has declined to provide any Financial Data.
Reporter Comment: In the interview conducted with Ms.Hedia Yahaoui, she confirmed details shown in this report and declined to provide financial details and bank account number
rounds of the company’s confidentiality.
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.
Please be informed that the given financial data were obtained from the local tax
office as estimated figures for this entity as the full and official ones are not
divulgable.
Please take into your consideration that the right company address and name is
given on the report.
• SOLVENCY:
‑ Banking appreciation: SATISFACTORY
‑ Payments: NO COMPLAINT
‑ Business or commercial morality: Local.
‑ Registered incidents: NONE
Our general evaluation is:
? MEDIUM Size Company.
Conclusions
Local Reputation: The company being investigated is considered by local reporters to be a
Fair / Normal Trade Risk.
General Conclusion: Local informants consider granting of credit to be a fair trade risk.
Owner/Shareholders Comments: Some of the owners / shareholders have an active participation in the running of the
business.
Age of Business: The company is long established in the local market.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.91 |
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|
1 |
Rs.72.89 |
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Euro |
1 |
Rs.64.48 |
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 |
-- |
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.