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Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
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Name : |
INDUSTRIES MEDICO CHIRURGICALES SARL |
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Registered Office : |
Zone
Industrielle CW N° 33 Lot N° 6, Alger-Algerie |
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Country : |
Algeria |
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Date of Incorporation : |
1989 |
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Com. Reg. No.: |
99B0007801 |
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Legal Form : |
Societe Anonyme
Responsibilitee Limitee. |
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Line of Business : |
Subject operate as
importers and exporters of pharmaceutical products, medical equipment and
surgical instruments, spare parts and consumables |
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No. of Employees : |
50 employees. |
RATING & COMMENTS
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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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Maximum Credit Limit: |
USD 150,000 |
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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 – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Algeria |
A2 |
A2 |
|
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 |
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 |
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Registered Name: |
INDUSTRIES MEDICO
CHIRURGICALES SARL |
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Requested Name: |
SARL IMC INDUSTRIES MEDICO |
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Other Names: |
None |
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Physical Address: |
Zone
Industrielle CW N° 33 Lot N° 6, Alger-Algerie |
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Postal Address: |
Voie
A BP 26 Rouiba Alger-Algerie |
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|
Alger-Algerie |
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Country: |
Algeria |
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Phone: |
213-21811905/6/41581274/3239/1273/21813067/68 |
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Fax: |
213-21813273/813273/3800/41513366/583239 |
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Email: |
imc.oran@yahoo.fr/ admin@imc-dz.com/ dc@imc-dz.com/ export@imc-dz.com/
sav@imc-dz.com/ cq@imc-dz.com/ logistic@imc-dz.com/ medical@imc-dz.com/
renadial@imc-dz.com/ marketing@imc-dz.com/ finance@imc-dz.com/
webmaster@imc-dz.com |
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Website: |
www.imc-dz.com |
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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. We
recommend Credit of USD 150,000 on 90 days. |
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Legal Form: |
Societe Anonyme
Responsibilitee Limitee. |
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Date Incorporated: |
11-Jan-1999 |
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Founded: |
1989 |
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Reg. Number: |
99B0007801 |
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Nominal Capital |
DZD.
670,000,000 |
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Subscribed Capital |
DZD.
670,000,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
|
Mr. Nadir Abdelrahim |
MD |
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Mr. Kamel Abdelrahim |
Director |
|
|
None |
Parent company. |
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None |
Subsidiary company. |
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None |
Affiliated company. |
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None |
Shareholder of subject
firm. |
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None |
Branches of the firm |
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Registered to operate as
importers and exporters of pharmaceutical products, medical equipment and surgical
instruments, spare parts and consumables |
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Imports: |
Asia, Middle East |
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Exports: |
Asia |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
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Main Customers: |
Local agencies, firms and organizations |
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Employees: |
50 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Algeria |
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Location: |
Owned premises, 25,000 square feet, |
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
Algerian Dinar (DZD.) |
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Approx. Ex. Rate: |
1 US Dollar = 78.27
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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Financial Information not
Submitted |
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Profit and Loss
(expressed in USD.) |
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|
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2012 |
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Sales |
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50,000,000 |
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Bank Name: |
Crédit
Populaire d'Algérie (CPA). |
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Branch: |
Algeria |
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Comments: |
None |
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Experiences: |
Good |
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NOTARIAL BONDS |
None |
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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.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
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 |
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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 |
---- |
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.