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Report Date : |
27.09.2012 |
IDENTIFICATION DETAILS
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Name : |
EURL DECO 2000 |
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Registered Office : |
11
Decembre 1960 N° 178 Ain Benian Alger |
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Country : |
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Year of Establishment : |
2012 |
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Legal Form : |
Foreign Branch |
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Line of Business : |
dealers in general merchandise such as clothing products, household decorations and other related products |
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No. of Employees : |
05 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Nb |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
---- |
NB |
New Business |
---- |
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Status : |
New business |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Algeria |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
ALgeria - ECONOMIC OVERVIEW
Algeria's economy remains dominated by the state, a legacy of the country''s socialist post-independence development model. In recent years the Algerian Government has halted the privatization of state-owned industries and imposed restrictions on imports and foreign involvement in its economy. Hydrocarbons have long been the backbone of the economy, accounting for roughly 60% of budget revenues, 30% of GDP, and over 95% of export earnings. Algeria has the 10th-largest reserves of natural gas in the world and is the sixth-largest gas exporter. It ranks 16th in oil reserves. Thanks to strong hydrocarbon revenues, Algeria has a cushion of $173 billion in foreign currency reserves and a large hydrocarbon stabilization fund. In addition, Algeria''s external debt is extremely low at about 2% of GDP. Algeria has struggled to develop industries outside of hydrocarbons in part because of high costs and an inert state bureaucracy. The government''s efforts to diversify the economy by attracting foreign and domestic investment outside the energy sector have done little to reduce high youth unemployment rates or to address housing shortages. A wave of economic protests in February and March 2011 prompted the Algerian Government to offer more than $23 billion in public grants and retroactive salary and benefit increases. Public spending has increased by 27% annually during the past five years. Long-term economic challenges include diversification from hydrocarbons, relaxing state control of the economy, and providing adequate jobs for younger Algerians.
|
Source : CIA |
Registered Name: EURL DECO 2000
Requested Name: EURL
DECO 2000
Other Names: None
Physical Address: 11
Decembre 1960 N° 178 Ain Benian Alger
Postal Address: 11
Decembre 1960 N° 178 Ain Benian Alger
Country: Algeria
Phone: 213-21891250
Fax: 213-21891250
Email: None
Website: None
Projected Financial Index as of December 2012 shows subject firm with a
medium risk of credit.
Legal Form: Foreign Branch
Date Incorporated: 2012
Reg. Number: Algeria
Nominal Capital DZD. 1,000,000
Subscribed Capital DZD. 1,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Barchon Ludovic Director
Eurl Deco 2000
France Holding Co. 100%
Eurl Deco 2000
France Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as dealers in general merchandise such as clothing
products, household decorations and other related products
Imports: Europe
Exports: None
Trademarks: None
Terms of sale: Cash
only
Main Customers: Local
agencies
Employees: 5
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Algeria
Location: Rented
premises, 1,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Algerian Dinar (DZD.)
Approx. Ex. Rate: 1 US Dollar = 79.38 Algerian Dinar
Projected Fiscal
Year End: December 31, 2012
Projected
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2012 was of 13%.
Financial
Information not Submitted
Projected Profit and Loss (expressed in DZD.)
2012
Projected Sales 10,000,000
Bank Name: Citibank Algéria
Branch: Algeria
Comments: None
None
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.53.58 |
|
UK Pound |
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
---- |
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.