MIRA INFORM REPORT
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Report Date : |
25.01.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
EL GHAZOU EURL |
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Registered Office : |
14 Rue Mohamed Yousfi
Belcourt-16014 Alger Democratic People’s Republic of Algeria |
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Country : |
Algeria |
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Year of Establishment : |
2000 |
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Com. Reg. No.: |
00B0010645 |
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Legal Form : |
Entreprise Unipersonnelle A Responsabilite Limitee |
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Line of Business : |
dealers in cosmetics and beauty products |
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No. of Employees
: |
62 |
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
100,000 |
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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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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: EL GHAZOU EURL
Requested Name: EL
GHAZOU
Other Names: None
ADDRESS AND TELECOMMUNICATION
Physical Address: 14
Rue Mohamed Yousfi Belcourt-16014 Alger Democratic People’s
Republic
of Algeria
Postal Address: 14
Rue Mohamed Yousfi Belcourt-16014
Alger
Country: Democratic
People’s Republic of Algeria
Phone: 213-21-753336/3284/659196/-20-408121
Fax: 213-21-753284/651961
Email: eurl_ghazou@yahoo.fr
Website: None
CREDIT OPINION
Financial
Index as of December 2011 shows subject firm with a medium risk of credit.
However, bank and credit information obtained reveal a history of prompt
payments. We recommend Maximum Credit Limit of USD 100,000 on 90 days.
LEGAL
Legal Form: Entreprise Unipersonnelle A Responsabilite Limitee
Date Incorporated: 2000
Reg. Number: 00B0010645
Nominal Capital DZD. 5,700,000
Subscribed Capital DZD. 5,700,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Nassim Ouarti MD 100%
RELATED
COMPANIES
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
OPERATIONS
Registered to operate as dealers in cosmetics and beauty products
Imports: Asia, Middle East
Exports: None
Trademarks: None
Terms
of sale: Cash (40%) and
25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 62
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Algeria
Location: Rented
premises, 2.500 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 100,000,000 150,000,000
BANK
Bank Name: Societe General Bank
Branch: Alger, Algeria
Comments: 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.49.97 |
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UK Pound |
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.65.09 |
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.