MIRA INFORM REPORT
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Report Date : |
24.01.2012 |
IDENTIFICATION DETAILS
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Name : |
ENTERPRISE NATIONALE DES TRAVAUX AUX PUTIL
SPA |
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Registered Office : |
Base Industrielle du 20 août 1955,Hassi-Messaoud, Wilaya de Ouargla |
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Country : |
Algeria |
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Date of Incorporation : |
01.08.1981 |
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Com. Reg. No.: |
99B0122593 |
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Legal Form : |
Joint Stock Company Spa |
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Line of Business : |
drilling, exploration and development company, undertaking hydrocarbons drillings mainly in the great Algerian south zones |
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No. of Employees
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7100 |
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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Maximum Credit Limit : |
USD 150,000 |
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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 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Algeria |
b1 |
b1 |
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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 |
SUBJECT'S NAME
Registered Name: ENTERPRISE NATIONALE DES TRAVAUX AUX PUTIL
SPA
Requested Name: ENTERPRISE
NATIONALE DES TRAVAUX AUX PUTIL SPA
Other Names: ENTP
ADDRESS AND TELECOMMUNICATION
Physical Address: Base Industrielle du 20 août 1955,Hassi-Messaoud,
Wilaya de Ouargla
Postal Address: BP 206 207
Hassi-Messaoud, wilaya of Ouargla,
Country: Algeria
Phone: 213-29-738850/ 55
Fax: 213-29-738406/6990/8264/3008/8620/7640
Email: contact@entp-dz.com / d.aoun@entp-dz.com / bchieb@entp-dz.com
Website: www.entp-dz.com
CREDIT OPINION
Financial Index as of December 2012 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 150,000 on 90 days.
LEGAL
Legal Form: Joint stock Company SPA
Date Incorporated: 1/08/1981
Reg. Number: 99B0122593
Nominal Capital DZD. 14,800,000,000
Subscribed Capital DZD. 14,800,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Sebti Hadjadj President/CEO
Mr. Bachir Chieb MD
Mr. Djelloul
Djeldjli Finance Director
Mrs. Aïssa Briki Director
Mr. Wahid Hachani Director
Mr. Brahim Hedadi Director
Mr. Larbi Hamidi Director
Mr. Louardi
Messaoudi Director
Mr. Zehar Zaid Director
Mr. Redjem Rabah Director
Mr. Touami Mahieddine Director
Mr. Beghdad Boualem Director
Mr. Djallas Nasr- Eddine Director
Mr. Hamani Zoubeir Director
Mr. Daoudi Mohamed Salah Director
Mr. Taibi Abderrahmane Director
Sonatrach Company Holding Company 100%
RELATED COMPANIES
Sonatrach Company Parent company.
None Subsidiary company.
Several companies Affiliated company.
None Shareholder of subject firm.
1 in Algeria Branches of the firm
OPERATIONS
Registered to operate as a drilling, exploration and development company, undertaking hydrocarbons drillings mainly in the
great Algerian south zones.
Imports: Europe, Middle
East 20%
Exports: None
Trademarks: None
Terms
of sale: Cash (40%) and 30
days (60%), invoices.
Main
Customers: Oil firms and
organizations
Employees: 7100 employees.
Vehicles: Several motor
vehicles and trucks
Territory of
sales: Algeria
Location: Owned premises, 70.000
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 = 76.67 Algerian Dinar
Fiscal Year End: December
31, 2011
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2011 was of 13%.
Financial
Information not Submitted
Profit and Loss (expressed in DZD.)
2010 2011
Sales 37,213,000 40,934,000
BANK
Bank Name: Societe Generale
Branch: Algeria
Comments: Good
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
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Indian Rupees |
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US Dollar |
1 |
Rs.50.24 |
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UK Pound |
1 |
Rs.78.13 |
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Euro |
1 |
Rs.64.79 |
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 |
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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.