|
Report Date : |
12.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SALON MEDICAL ALGERIA SARL |
|
|
|
|
Registered Office : |
Points de Vente : Cité des 80
Logements Boulevard des Martyrs – Sétif |
|
|
|
|
Country : |
Algeria |
|
|
|
|
Date of Incorporation : |
11.04.2008 |
|
|
|
|
Com. Reg. No.: |
08B0087786 |
|
|
|
|
Legal Form : |
Societe Anonyme Responsabilite Limitee. |
|
|
|
|
Line of Business : |
importer and exporter of pharmaceutical products, medical equipment and surgical instruments, spare parts and consumables. Installation and repair of surgical equipment’s. |
|
|
|
|
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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.
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Algeria |
A2 |
A2 |
|
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: SALON MEDICAL ALGERIA SARL
Requested Name: SALON
MEDICAL ALGERIE
Other Names: None
Physical Address: Points de Vente : Cité des 80
Logements Boulevard des Martyrs - Sétif
Postal Address: 75 Tranches Lotissement 07-Ain
Azel 19240 Setif
Country: Algeria
Phone: 213-36626229/36626208/914450/930666
Cell: 213-661831234
Fax: 213-36626230
Email: salontm_dz@yahoo.fr
Website: www.salonmedical.6te.net
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: Societe Anonyme Responsabilite Limitee.
Date Incorporated: 11-April-2008
Reg. Number: 08B0087786
Tax Number: 19401434061
VAT Number: 000819400060452
Nominal Capital DZD. 10,000,000
Subscribed Capital DZD. 10,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Nour Taguiai Director
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate import and export of pharmaceutical products,
medical equipment and surgical instruments, spare parts and consumables.
Installation and repair of surgical equipments.
Imports: Asia,Middle
East, Europe
Exports: Neighboring
countries
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: Local
agencies,medical firms and organizations
Employees: 50
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Algeria
Location: Leased
premises, 10,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Algerian Dinar (DZD.)
Approx. Ex. Rate: 1 US Dollar = 79.59 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 420,000,000
Bank Name: Crédit Populaire d'Algérie (CPA)
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.59.64 |
|
UK Pound |
1 |
Rs.90.14 |
|
Euro |
1 |
Rs.77.99 |
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.