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Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
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Name : |
EURL CONIMEX INTERNATIONAL |
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Registered Office : |
Cite Bois Des Pins BT G 16405
Hydra Algiers |
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Country : |
Algeria |
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Year of Establishments: |
2008 |
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Com. Reg. No.: |
08B0976905 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
exporters of food
products such as meat, vegetables, fruits etc. |
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No. of Employees : |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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 |
|
Restricted |
C2 |
|
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. Strong revenues from hydrocarbon exports have brought Algeria
relative macroeconomic stability, with foreign currency reserves approaching
$200 billion and a large budget stabilization fund available for tapping. In
addition, Algeria's external debt is extremely low at about 2% of GDP. However,
Algeria has struggled to develop non-hydrocarbon industries because of heavy
regulation and an emphasis on state-driven growth. The government's efforts
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, moves which continue to weigh on
public finances. Long-term economic challenges include diversifying the economy
away from its reliance on hydrocarbon exports, bolstering the private sector,
attracting foreign investment, and providing adequate jobs for younger
Algerians.
|
Source : CIA |
Registered Name: EURL CONIMEX INTERNATIONAL
Requested Name: EURL
CONIMEX INTERNATIONAL
Other Names: None
Physical Address: Cite Bois Des Pins BT G 16405
Hydra Algiers
Postal Address: Cite Bois Des Pins BT G 16405
Hydra,
Algiers
Country: Algeria
Phone: 213-21609406
Cell: 213-560038115/16/17/18/5439/550903308
Fax: 213-21609406
Email: conimex.internaional@yahoo.fr
Website: None
Legal Form: Limited Corporation
Date Incorporated: 2008
Reg. Number: 08B0976905
Nominal Capital DZD. 100,000
Subscribed Capital DZD. 100,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Rabah Ami
Saada MD
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as exporters of food products such as meat,
vegetables, fruits etc
Imports: None
Exports: Europe,
America
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: Stores,
outlets etc
Employees: 50
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Algeria
Location: Owned
premises, 5,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Algerian Dinar (DZD.)
Approx. Ex. Rate: 1 US Dollar = 78.52 Algerian Dinar
Fiscal Year End: December
31, 2012
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2012 was of 13%.
Financial
Information not Submitted
Profit and Loss (expressed in DZD.)
2012
Sales 2,000,000,000
Bank Name: Société Générale Algérie
Branch: Algeria
Comments: None
Experiences: Good
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.54.03 |
|
UK Pound |
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
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.