MIRA INFORM REPORT
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Report Date : |
11.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
SOCIETE MAGHREBINE DE DISTRIBUTION DES
PRODUITS |
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|
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Registered Office : |
11
Rue de L'Espagne, Tunis 1000 |
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|
|
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Country : |
Tunisia |
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|
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Year of Establishment : |
1996 |
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Com. Reg. No.: |
Not Available |
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|
|
Legal Form : |
Private
Limited Company |
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Line of Business : |
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RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
2,200 EUR |
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Status : |
Moderate |
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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) |
|
Tunisia |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
SOCIETE MAGHREBINE DE
DISTRIBUTION DES PRODUITS
Rating Briefing
Current Recommended Credit: 2,200 EUR
Payment Record: NO
COMPLAINTS
This rating is based on available data.
In the event of additional information a possibility for a different rating
applies.
Registration Briefing
Registration
Number: N/A
Registration
Date: 1996
Legal
Form: PRIVATE
LIMITED CO
Latest
Financials: N/A
Financial Briefing
Nominal
Capital: N/A
Issued
Capital: N/A
Turnover: 200,000
Tunisian Dinar
Net
Profit: N/A
Net
Worth: N/A
Company Details
Company
Name: SOCIETE
MAGHREBINE DE DISTRIBUTION DES
PRODUITS
Company
acronym: SMDP
Headquarter
Address: 11
Rue de L'Espagne,
Tunis 1000,
Tunisia
Telephone: +21671
325081
Fax: +21671
323797
E‑Mail: smdp.baouab@yahoo.fr
Company
was originally started on 1996
Registration & Legal Details
Current
Legal Form: PRIVATE
LIMITED CO
Additional
Information: Customs
ID:805087 D
Registration
Address: 11
Rue de L'Espagne,
Tunis
1000
Registration
Date: 1996
Year/Date
Company Established: 1996
Registration
Town: Tunis
Tax
Registration Number: 774637
K/A/M000
Capital
Shareholders
Shareholders:
Name/Other Information Shares Held % of Voting/Non‑Voting capital
Khaled Baouab (Principal Shareholder),
Tunisia
Principals
Name: Mr
Mohamed Baoueb
Position
within the company: General
manager
Country
of Birth: Tunisia
Nationality: Tunisian
Can
fluently speak: French
Name: Mr
Khaled Quadhem
Position
within the company: Commercial
Director
Country
of Birth: Tunisia
Nationality: Tunisian
Can
fluently speak: French/English
Company Activities
NACE Codes: 4639 Non‑specialised wholesale of food, beverages and tobacco
4711 Retail sale in non‑specialised stores with food, beverages or tobacco predominating
The subject is involved in wholesaling of general foods such as: dry fruits, spices, soft drinks, aromas, walnuts and walnut kernels, Caramelized or sugar coated walnut kernel pieces.
These goods are imported and local purchased then sold to the local and foreign clients in a whole and retail basis.
Local Reporters consider the investigated company to be MEDIUM in their field of concern.
Operations
Employees Company
Employs: 12
HQ
Premises Operates
from: Rented Office , Warehouse
Location: Central
Business Area
Imports
Import % and type of product: 80% Finished Goods
Imports From: India,
China, Italy, Spain
Importing Terms: Letters
of credit
Additional Information: The
other payment method is cash
against
documents.
Subject's
Suppliers: Company
Name: AMAR SINGH &SONS
Address: India
Company Name: MEHTA
BROTHERS
Address: India
Company Name: ASIAN
FOOD INDUSTRIES
Address: India
Exports
Export % and type of product: 3%
Exports To: Libya
Exporting Terms: bank
transfer
Trading & Selling
Territory: 97%
Nationally, 3% International
Type of Customer: General
Public, Wholesalers, Retailers, Industrial
Companies
Number of accounts:
55
Related Companies
Subsidiaries
Affiliates
Information on Related Companies is not
available/applicable
Bankers
UNION
INTERNATIONALE DE BANQUE,
Branch:
La Soukra
Ariana,
Tunisia
Relationship
with Bank: is
reported to be satisfactory
Financial Information
Source: Khaled Quadhem
Commercial Director
Figures are: Official
Figures
Currency: Tunisian Dinar
Months Sales Figures Sales Gross
Profit/Loss Net
Profit/Loss
12 31/12/2010 200,000
12 31/12/2009 125,000
12 31/12/2008 75,000
Payments
Subject's
payments reported to be: NO
COMPLAINTS
No
record has been found of protested bills against the subject.
Interview & Reporter Comments
Name/Title: Khaled
Quadhem Commercial Director
Comment: Subject has offered brief
financial data only and refused to provide full
financial
information.
Reporter Comment: In the
interview conducted with Mr.Khaled Quadhem,he confirmed
details shown in this report and
declined to provide full financial details, nominal capital and bank account
number stating the grounds 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.
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.
Financial Results Trend: Financial
Information indicates that the business activities of the
company
are showing an upward turn.
Age of Business: The
company is long established in the local market.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
|
UK Pound |
1 |
Rs.76.65 |
|
Euro |
1 |
Rs.66.17 |
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 |
|
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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.