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Report Date : |
16.10.2013 |
IDENTIFICATION DETAILS
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Name : |
CATEL FIBROPTIC SPA |
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Registered Office : |
Zone Industrielle De Oued Smar, BP 09 Oued Smar El Harrach, Algiers |
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Country : |
Algeria |
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Financials (as on) : |
2012 |
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Date of Incorporation : |
10.01.2005 |
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Com. Reg. No.: |
05B0969418 |
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Legal Form : |
Societe Anonyme per Azioni(SPA) |
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Line of Business : |
Subject operate
production of copper and optical fiber for the manufacture of power telecom
cables, fibre optic cables, signal cables |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – 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 |
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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
|
Registered Name: |
CATEL FIBROPTIC SPA |
|
Requested Name: |
CATEL FIBROPTIC SPA |
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Other Names: |
CABLERIES DE TELECOMMUNICATION D'ALGERIE SPA. |
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Physical Address: |
Zone Industrielle De Oued Smar, |
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Postal Address: |
BP 09 Oued Smar El Harrach, |
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|
Algiers |
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Country: |
Algeria |
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Phone: |
213-21514082/91/816890/1/516248 |
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Fax: |
213-21514102/513234 |
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Email: |
contact@catel-dz.com/ contactcfo@catel-dz.com |
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Website: |
www.catel-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. |
|
Legal Form: |
Société Anonyme per Azioni(SPA) |
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Date Incorporated: |
10-January-2005 |
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Reg. Number: |
05B0969418 |
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Tax
Number: |
000516150291058 |
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Nominal Capital |
DZD. 250,000,000 |
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Subscribed Capital |
DZD. 250,000,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
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Mr. Rabah Hazi |
CEO |
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Mr. Mohamed Saifouni |
Director |
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Mr. Kamel Lalla |
Director |
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Mr. Ahmed Meftah |
Director |
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Mr. Said Zekraoui |
Dept. Head |
|
|
Mr. Salah Aliane |
Dept. Head |
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SGP Cabeleq |
Shareholder |
40% |
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Mantelec Sal |
Holding Co. |
60% |
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Mantelec Sal |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
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None |
Shareholder of subject firm. |
|
None |
Branches of the firm |
|
Registered
to operate production of copper and optical fiber for the manufacture of
power telecom cables, fibre optic cables, signal cables etc |
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Imports: |
Worldwide |
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Exports: |
None |
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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, 100,000 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 = 81.68 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 DZD.) |
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2012 |
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Sales |
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20,000,000,000 |
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Bank Name: |
Crédit Populaire d'Algérie (CPA). |
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Branch: |
Algiers, Algeria |
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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.61.69 |
|
|
1 |
Rs.98.59 |
|
Euro |
1 |
Rs.83.67 |
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 |
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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 |
|
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 |
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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.