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Report Date : |
19.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
EPE BIOTIC SPA GUE DE CONSTATINE |
|
|
|
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Registered Office : |
35 Rue Ben Youcef Khettab El Mohammadia 14130 |
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|
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Country : |
Algiers |
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Date of Incorporation : |
1999 |
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|
|
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Legal Form : |
Limited Corporation |
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|
|
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Line of Business : |
Subject operate as dealers in pharmaceutical products and related
facilities |
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|
|
No. of Employees : |
50 employees. |
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 |
|
Status : |
Satisfactory |
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|
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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'S - 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: |
EPE BIOTIC SPA
GUE DE CONSTATINE |
|
Requested Name: |
EPE BIOTIC SPA
GUE DE CONSTATINE |
|
Other Names: |
BIOTIC - USINE GUE DE CONSTATINE - FILIALE SAIDAL |
|
|
BIOTIC SPA |
|
Physical Address: |
35
Rue Ben Youcef Khettab El Mohammadia 14130, Algiers |
|
Postal Address: |
BP
109, Mohammadia El-Harrach |
|
|
Route
De Barak, Algiers |
|
Country: |
Algeria |
|
Phone: |
213-21-835722/24/25/5476/0508/94/5470/71/48/9240 /5050/9098/5648/538971/8213 |
|
Fax: |
213-21-835723/9240/5648/538661/8970 |
|
Email: |
None |
|
Website: |
None |
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.
|
Legal Form: |
Limited Corporation |
|
|
Date Incorporated: |
1999 |
|
|
Reg. Number: |
Algeria |
|
|
Nominal Capital |
DZD.
10,000,000 |
|
|
Subscribed Capital |
DZD.
10,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Mr. Boumediene Saidal Derkaoui |
Chairman
& CEO |
|
|
Mr. Youcef Tata |
MD |
|
|
Mr.
David Saidal |
Director |
|
|
Mr.
Ali Aoun |
Director |
|
|
Mr.
Rachid Zaouani |
Director |
|
|
Groupe Saidal |
Holding
Company |
100% |
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
SAIDAL ANTIBIOTICAL, SAIDAL PHARMAL, SAIDAL SOMEDIAL. |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
|
Registered to operate as dealers
in pharmaceutical products and related facilties |
|
|
Imports: |
Europe, Middle East and Asia |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 30 days (60%), invoices. |
|
|
|
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Main Customers: |
Local agencies, stores, outlets, distributors etc |
|
Employees: |
50 employees. |
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Vehicles: |
Several motor vehicles. |
|
Territory of sales: |
Algeria |
|
Location: |
Owned premises, 2,000 square feet, |
|
Auditors: |
Information not
available. |
|
Insurance Brokers: |
Information not
available. |
|
Currency Reported: |
Algerian Dinar (DZD.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 77.78
Algerian Dinar |
|
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Fiscal Year End: |
December 31, 2012 |
|
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2012 was of 13%. |
|
|
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||
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Financial Information not
Submitted |
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|
|
|
|
|
|
|
|
|
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Profit and Loss
(expressed in DZD.) |
||
|
|
2011 |
2012 |
|
Sales |
250,000,000 |
300,000,000 |
|
Bank Name: |
CREDIT
POPULAIRE CD'ALGERIE CPA |
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Branch: |
Alger,
Algeria |
|
Comments: |
None |
|
Experiences: |
Good |
|
|
|
|
NOTARIAL BONDS |
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.54.94 |
|
|
1 |
Rs.86.24 |
|
Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.