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Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
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Name : |
CENTEK DOORS IMPORT EXPORT SARL |
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Registered Office : |
El Rahmania Loti No. B49,
No. 47, Algiers |
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Country : |
Algeria |
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Financials (as on) : |
2013 |
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Date of Incorporation : |
29.05.2013 |
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Com. Reg. No.: |
16/00-1006789 B 13 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Subject
operate as dealers in PVC building materials such as variety of doors |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
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Maximum Credit Limits : |
USD 20,000 |
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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 – March 31st, 2013
|
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 |
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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
|
Registered Name: |
CENTEK DOORS IMPORT EXPORT SARL |
|
Requested Name: |
CENTEK DOORS IMPORT EXPORT SARL |
|
Other Names: |
CENTEK BUSINESS LIMITED |
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Physical Address: |
El Rahmania Loti No.
B49, No. 47, Algiers |
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Postal Address: |
El Rahmania Loti No.
B49, No. 47, |
|
|
Algiers |
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Country: |
Algeria |
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Phone: |
213-661333317/4/330505 |
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Fax: |
213-0219415 |
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Email: |
g_stancu@yahoo.com/ àe_puscuta@yahoo.com/ office@centek-business.com |
|
Website: |
www.centek-business.com |
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Projected
Financial Index as of December 2013 shows subject firm with a medium risk of credit.
We recommend Credit of USD 20,000 on 90 days. |
|
Legal Form: |
Limited Corporation |
|
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Date Incorporated: |
29-May-2013 |
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Reg. Number: |
16/00-1006789 B 13 |
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VAT
Number: |
001316100678973 |
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Nominal Capital |
DZD. 10,000,000 |
|
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Subscribed Capital |
DZD. 10,000,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
|
Mr. A. Hamim |
Director |
|
|
Centek Business Ltd (USA) |
Holding
Co. |
100% |
|
Centek Business Ltd (USA) |
Parent company. |
|
None |
Subsidiary company. |
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CENTEK BUSINESS LIMITED ROMANIA |
Affiliated company. |
|
None |
Shareholder of subject firm. |
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Cité Moudjahidine, No.20, Local C20, Chevalley, Ben Aknoun, Algeria |
Branches of the firm |
|
Registered to operate as dealers in PVC building materials such as variety of doors |
|
|
Imports: |
Middle East |
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Exports: |
Neighboring countries |
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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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|
|
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Main Customers: |
Local agencies, general public |
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Employees: |
10 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Algeria |
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Location: |
Rented premises, 2,000 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 = 80.23 Algerian Dinar |
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Projected Fiscal Year End: |
December 31, 2013 |
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Projected Inflation: |
According to information given by independent sources, the inflation at December 31st, 2013 was of 13%. |
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Financial Information not Available |
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Profit and Loss (expressed in DZD.) |
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|
2013 |
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Projected Sales |
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20,000,000 |
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Bank Name: |
Credit Agricole |
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Branch: |
Algeria |
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Comments: |
None |
|
This information
was obtained from outside sources other than the subject company itself and
confirmed the above subject. The
subject company has been registered this year as stated above and thus could
not obtain financials for 2012. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.23 |
|
|
1 |
Rs.100.18 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.