|
Report Date : |
18.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
STE L'AVENIER IMPORT AND EXPORT |
|
|
|
|
Registered Office : |
Route Sfax, Route Principall
n°1, Eljem, Mahdia |
|
|
|
|
Country : |
Tunisia |
|
|
|
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Year of Establishments: |
1995 |
|
|
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|
Legal Form : |
Limited Corporation |
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|
|
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Line of Business : |
exporters of food
products and beverages |
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|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
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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) |
|
Tunisia |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Tunisia ECONOMIC OVERVIEW
Tunisia's diverse,
market-oriented economy has long been cited as a success story in Africa and
the Middle East, but it faces an array of challenges during the country's ongoing
political transition. Following an ill-fated experiment with socialist economic
policies in the 1960s, Tunisia embarked on a successful strategy focused on
bolstering exports, foreign investment, and tourism, all of which have become
central to the country''s economy. Key exports now include textiles and
apparel, food products, petroleum products, chemicals, and phosphates, with
about 80% of exports bound for Tunisia''s main economic partner, the European
Union. Tunisia''s liberal strategy, coupled with investments in education and
infrastructure, fueled decades of 4-5% annual GDP growth and improving living
standards. Former President (1987-2011) Zine el Abidine BEN ALI continued these
policies, but as his reign wore on cronyism and corruption stymied economic
performance and unemployment rose among the country''s growing ranks of
university graduates. These grievances contributed to the January 2011
overthrow of BEN ALI, sending Tunisia''s economy into a tailspin as tourism and
investment declined sharply. As the economy recovers, Tunisia''s government
faces challenges reassuring businesses and investors, bringing budget and
current account deficits under control, shoring up the country''s financial
system, bringing down high unemployment, and reducing economic disparities
between the more developed coastal region and the impoverished interior.
Source
: CIA
Registered Name: STE L'AVENIER IMPORT AND EXPORT
Requested Name: STE
L'AVENIER IMPORT AND EXPORT
Other Names: None
Physical Address: Route Sfax, Route Principall
n°1, Eljem, Mahdia
Postal Address: P.o. Box 5160
Eljem, Mahdia
Country: Tunisia
Phone: 216-73632145
Fax: 216-73632145
Email: None
Website: None
Financial Index as of December 2013 shows subject firm with a medium
risk of credit.
Legal Form: Limited Corporation
Date Incorporated: 1995
Reg. Number: Tunisia
Nominal Capital TND. 1,000,000
Subscribed Capital TND. 1,000,000
Subscribed
Capital is Subscribed in the following form:
Position Shares
Mr. Wassim Motaz Director
Mr. Karim Karouma Manager
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as exporters of food products and beverages
Imports: Asia
Exports: Worldwide
Trademarks: None
Terms of sale: Cash
(60%) and 25-90 days (40%), invoices.
Main Customers: Stores,
outlets, distributors
Employees: 20
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Tunisia
Location: Owned
premises, 5,000 square feet,
Auditors: Information not available.
Insurance Brokers: Information not available.
Currency Reported: Tunisian Dinar (TND.)
Approx. Ex. Rate: 1 US Dollar = 1.59 Tunisian 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 TND.)
2013
Sales 4,770,000
Bank Name: Banque Internationale Arabe de
Tunisie (BIAT)
Branch: Tunisia
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.61.95 |
|
|
1 |
Rs.104.02 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.