|
Report Date : |
11.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
HUPP PHARM SARL |
|
|
|
|
Formerly known as: |
HUPP PHARMA DISTRIBUTION SARL |
|
|
|
|
Registered Office : |
07,
Rue Benmaati Abdelouahab Belle, Vue Constantine 25000, Algerie |
|
|
|
|
Country : |
Algeria |
|
|
|
|
Date of Incorporation : |
11.03.2011 |
|
|
|
|
Legal Form : |
Societe Anonyme
Responsibilitee Limitee |
|
|
|
|
Line of Business : |
Subject is operate as
dealers in pharmaceuticals and related facilities |
|
|
|
|
No. of Employees : |
10 employees. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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.
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 |
|
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: |
HUPP PHARM SARL |
|
Requested Name: |
SARL HUP PHARMA |
|
Other Names: |
HUPP PHARMA DISTRIBUTION SARL |
|
Physical Address: |
07,
Rue Benmaati Abdelouahab Belle, Vue Constantine 25000, Algerie |
|
Postal Address: |
Zone
Industrielle Palma N°50 |
|
|
Constantine, |
|
Country: |
Algeria |
|
Phone: |
213-31668146 |
|
Fax: |
213-31662437 |
|
Email: |
None |
|
Website: |
None |
|
Legal Form: |
Societe Anonyme
Responsibilitee Limitee |
|
|
Date Incorporated: |
11-March-2011 |
|
|
Reg. Number: |
Algeria |
|
|
Nominal Capital |
DZD.
1,000,000 |
|
|
Subscribed Capital |
DZD.
1,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Chafik Benbadis |
MD |
|
|
Mr. Toufik Belhadj |
Director |
|
|
Mr. Kamel Ziad |
Manager |
|
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
|
Registered to operate as
dealers in pharmaceuticals and related facilities |
|
|
Imports: |
Asia |
|
Exports: |
None |
|
Trademarks: |
None |
|
Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
|
|
|
|
Main Customers: |
firms and organizations |
|
Employees: |
10 employees. |
|
Vehicles: |
Several motor vehicles. |
|
Territory of sales: |
Algeria |
|
Location: |
Rented premises, 1,500 square feet, |
|
Auditors: |
Information not
available. |
|
Insurance Brokers: |
Information not
available. |
|
Currency Reported: |
Algerian Dinar (DZD.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 81.63
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 |
|
120,000,000 |
|
Bank Name: |
Algérie
Poste (La poste). |
|
Branch: |
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.64.21 |
|
|
1 |
Rs.100.82 |
|
Euro |
1 |
Rs.85.21 |
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.