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Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
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Name : |
SARL EVASION EMBALLAGE |
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Registered Office : |
Village Ikharouben CNE |
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Country : |
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Date of Incorporation : |
10.04.2006 |
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Com. Reg. No.: |
06B0185284 |
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Legal Form : |
Societe Anonyme Responsibilitee Anonyme |
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Line of Business : |
Subject operate in textile finishing’s such as bleaching, dyeing, printing and finishing |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Algeria |
A2 |
B1 |
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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.
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Source : CIA |
Registered Name: SARL EVASION EMBALLAGE
Requested Name: SARL
EVASION EMBALLAGE
Other Names: None
Physical Address: Village Ikharouben CNE Timzrit
Il Matten W.,
Bejaia 06
Country: Algeria
Phone: 213-30254684
Fax: 213-30254684
Email: None
Website: None
Financial Index as of December 2013 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 Responsibilitee Anonyme
Date Incorporated: 10-April-2006
Reg. Number: 06B0185284
Tax Number: 000606070551260
Nominal Capital DZD. 3,000,000
Subscribed Capital DZD. 3,000,000
Subscribed
Capital is Subscribed in the following form:
Position Shares
Mr. Abdellah Kherib MD
Mr. Mourad Kherib Director
Mr. Larbi Kherib Director
Mr. Ahcene Kherib Director
Mr. Amar Kherib Director
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate in textile finishing’s such as bleaching, dyeing,
printing and finishing
Imports: Asia,
Middle East
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 50
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Algeria
Location: Owned
premises, 100,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Algerian Dinar (DZD.)
Approx. Ex. Rate: 1 US Dollar = 78.01 Algerian Dinar
Fiscal
Year End: December 31, 2013
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2013 was of 13%.
Financial
Information not Submitted
Profit and Loss
(expressed in DZD.)
2013
Sales 350,000,000
Bank Name: Bank
of Exterieure D'algerie
Branch: Zone Industriel Iheddaden (w) Bejajia, Algerie
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.62.69 |
|
|
1 |
Rs.102.97 |
|
Euro |
1 |
Rs.84.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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.