MIRA
INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE
TUNISIENNE DE PANSEMENTS |
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Registered Office : |
Zone
Industrielle La Charguia, 52 Rue 8601, Tunis Carthage 2035 |
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Country : |
Tunisia |
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Year of Establishment : |
1970 |
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Com. Reg. No.: |
B 17301997 |
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Legal Form : |
Public
Limited Company |
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Line of Business : |
Weaving of
textiles |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 TUNISIENNE DE PANSEMENTS
Registration
Briefing
Registration Number: B 17301997
Registration Date: N/A
Legal Form: PUBLIC
LIMITED CO
Latest Financials: N/A
Financial
Briefing
Nominal Capital: 4,300,000 Tunisian
Dinar
Issued Capital: N/A
Turnover: N/A
Net Profit: N/A
Net Worth: N/A
Company
Details
Company Name: SOCIETE TUNISIENNE DE
PANSEMENTS
Company acronym: SOTUPA
Headquarter Address: Zone Industrielle
La Charguia,
52
Rue 8601,
Tunis
Carthage 2035,
Tunisia
Postal Address: P.O.Box 233,
Tunis
Cedex 1080
Telephone: +21671
770772
+21671
787080
+21671
799477
Fax: +21671
771644
+21671
792117
E‑Mail: habiba.battikh@sancella.com.tn
Company was originally started by Mr.Moncef
Zouhir on 1970
Registration
& Legal Details
Current Legal Form: PUBLIC LIMITED CO
Additional Information: Costums ID:121015 K
Registration Number: B 17301997
Year/Date Company Established: 1970
Registration Town: Tunis Carthage
Tax Registration Number: 0249 W/A/M000
Capital
Currency: Tunisian
Dinar
Authorized Capital: 4,300,000
Paid Up Capital: 4,300,000
Shareholders
Shareholders:
Name/Other Information Shares
Held % of Voting/Non‑Voting
capital
Abdelaziz Zouhir, 45.00%
(VOTING)
Tunisia
Latifa Ben Khelil Zouhir,
Tunisia
Asma Zouhir,
Tunisia
Farouk Zouhir,
Tunisia
Tuninvest Sicar,
Rue du Lac Malaren, Immeuble
IRIS,1053,Les Berges du Lac,
Tunis,
Tunisia
Principals
Name: Mr
Abdelaaziz Zouhir
Position within the
company: President and
managing director
Country of Birth: Tunisia
Nationality: Tunisian
Can fluently speak: French/ english
Education: University
of Economics
Work Experience and History: Born
in 1953 in Tunis, married and father of two children, Mr. Abdelaziz Zouhir
obtains his diploma in economic Sciences in Aix‑en‑Provence in
1975. During ten
years, he assumes the responsibility
for the factory of SPAH. From 1983 to 1995 he
takes up the duties of Manger of the
SOTUPA. From 1995 to 2000 he's promoted
Genaral Manager of Sancella‑Tunisia
before reaching the post of president and
manging director of the SOTUPA.
Association as Partner: Sancella
Name: Mr
Rafik Kanoun
Position within the
company: General manager
Country of Birth: Tunisia
Nationality: Tunisian
Can fluently speak: French/English
Name: Mr
Radhouane Meziou
Position within the
company: Accountant
Country of Birth: Tunisia
Nationality: Tunisian
Can fluently speak: French/ English
Name: Ms
Habiba Battikh
Position within the
company: Financial Director
Country of Birth: Tunisia
Nationality: Tunisian
Can fluently speak: French/English
Company
Activities
NACE Codes: 1320 Weaving
of textiles
1399 Manufacture of other textiles n.e.c.
The subject is involved in
manufacturing of mescellaneous sanitary raw materials for trimmings articles as
texile and cotton fibers, plastics(primary forms).
The subject is also involved in
manufacturing of finished passementeries articles as strelized compress and
bandages.
All the subject products are made from
imported and purchased raw materials sold on a wholesale basis to local and
forein clients.
Local Reporters consider the
investigated company to be LARGE in their field of concern.
Operations
Employees Company
Employs: 70
HQ Premises Operates
from: Owned Office , Factory,
Warehouse
Location: Industrial Area, Main Road
Imports
Import
% and type of product: 85% Raw
Materials
Imports
From: France,
Italy, Germany
Importing
Terms: 90 days
credit, cash against documents
Additional
Information: The subject
imports raw materials for its own use.
Exports
Export
% and type of product: 35%
Exports
To: Libya,
Algeria, Lebanon
Exporting
Terms: 60 days
credit, bank transfer
Trading & Selling
Territory: 65%
Nationally, 35% International
Additional
Information: The subject buys 15% raw
materials locally.
Type
of Customer: Group Companies,
Pharmaceutical Industrial companies and pharmacies
Related
Companies
Subsidiaries
Affiliates
SANCELLA TUNISIE
52,Rue
8601,Zone Industrielle
Charguia 1,
Ariana,
Tunisia
Start
Date: 1995
Operates as: A
manufacture of Sanitary goods in paper and household paper products.
Related
through: common shareholders
Bankers
Arab Tunisian Bank,
Branch: Ariana
Avenue ahmed khabtani,
Ariana 2080,
Tunisia
Relationship with Bank: is reported to be good
Union Bancaire pour le Commerce et
l'Industrie,
Branch: Ariana
Ariana,
Tunisia
Relationship with Bank: is reported to be good
Payments
Subject's payments reported
to be: REGULAR
Interview
& Reporter Comments
Name/Title: Habiba Battikh Financial Director
Comment: Subject has confirmed the general details provided in the
report but has declined to
provide any Financial Data.
Reporter Comment Date: 21/10/2011
Reporter
Comment: In the interview conducted
with Mr.Habiba Battikh, she confirmed details shown in this report and declined
to provide financial details, bank account number and the
(%)shares of ech shareholders
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
STATISTICAL DATA OF THE TRIMMINGS
ARTICLES MANUFACTURIES(October
2011)
‑10 Registered industrial
companies with more than 10 employees.
‑4 are totally exporting
companies
‑6 are partially exporting
companies
* PARTIALLY EXPORTING COMPANY :
‑ Enterprises considered as
partially exporting are companies that realize less than
80% of their turnover from
exporting.
* BENEFIT :
‑ Suspension of value added
taxes and consumption taxes on equipment, products
and services necessary for the
realization of their export operations.
‑ Full exoneration of income
and profits from the tax base during the first ten years
of activity and a 50% deduction
thereafter.
‑ Relaxation of the temporary
admission or bonded warehouse system for
equipment and products imported for
use in the production of goods destined for
export.
‑ Reimbursement of customs
duties and taxes paid on raw materials and
semi‑finished products
destined to be transformed for export.
Reimbursement of customs duties and similar
taxes paid on imported equipment,
and not manufactured locally, for
the production of goods for export.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.87 |
|
|
1 |
Rs.79.73 |
|
Euro |
1 |
Rs.69.53 |
RATING EXPLANATIONS
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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 |
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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.