|
Report Date : |
07.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
PHYSIOPHARM LABORATOIRES |
|
|
|
|
Registered Office : |
32A, Zone Industrielle
Le Rhumel, 25000 Constantine |
|
|
|
|
Country : |
Algeria |
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Subject
operate as dealers in pharmaceutical products and related medicinal drugs |
|
|
|
|
No. of Employees : |
110 |
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 |
|
Maximum Credit Limit : |
USD 100,000 |
|
Status : |
Satisfactory |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
|
SUBJECT'S NAME |
|
|
Registered Name: |
PHYSIOPHARM LABORATOIRES |
|
Requested Name: |
PHYSIOPHARM LABORATOIRES |
|
Other Names: |
PHYSIOPHARM SARL |
|
Physical Address: |
32A, Zone Industrielle
Le Rhumel, 25000 Constantine |
|
Postal Address: |
32A, Zone Industrielle
Le Rhumel, 25000 Constantine |
|
Country: |
Algeria |
|
Phone: |
213-31668630/8631/662551/663165 |
|
Fax: |
213-555099116/31663165 |
|
Email: |
physiopharmproduction@gmail.com/ physiopharm.reclamation@gmail.com |
|
Website: |
www.groupezedpharm.com |
|
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. We recommend
Credit of USD 100,000 on 90 days. |
|
Legal Form: |
Anonymous Limited Liability Company. |
|
|
Date Incorporated: |
2000 |
|
|
Date
Started: |
2001 |
|
|
Reg. Number: |
00B0063955 |
|
|
Nominal Capital |
DZD. 50,000,000 |
|
|
Subscribed Capital |
DZD. 50,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Farid Zertal |
MD |
|
|
Mr. Amar Zoughailech |
Director |
|
|
Mr. Nadir Bekiri |
Director |
|
|
Mr. Adlene Zertal |
Director |
|
|
Groupe Zedpharm |
Holding
Co. |
100% |
|
_______________________________________________________________________ |
||
|
Groupe Zedpharm |
Parent company. |
|
None |
Subsidiary company. |
|
SANITAS À
ALGER, ZEDTOUGGOURT
À TOUGGOURT, KLC
PHARMA À LAGHOUAT, ZEDCOS, ZEDPHARM
(SOCIÉTÉ MÈRE), THÉRAPLOS, SÉFAITY, ZEDCOS. |
Affiliated companies. |
|
None |
Shareholder of subject firm. |
|
None |
Branches of the firm |
|
___________________________________________________________________________ |
|
|
Registered to operate as dealers in pharmaceutical products and related medicinal drugs |
|
|
Imports: |
Asia, Middle East, Europe |
|
Exports: |
None |
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Trademarks: |
None |
|
Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
|
|
|
|
Main Customers: |
Medical firms and organizations |
|
Employees: |
110 employees. |
|
Vehicles: |
Several motor vehicles. |
|
Territory of sales: |
Algeria |
|
Location: |
Owned premises, 10,000 square feet, |
|
_______________________________________________________________________ |
|
|
Auditors: |
Information not available. |
|
Insurance Brokers: |
Information not available. |
|
Currency Reported: |
Algerian Dinar (DZD.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 78.21 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 |
|
|
|
|
|
|
|
|
|
|
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Profit and Loss (expressed in DZD.) |
||
|
|
2011 |
2012 |
|
Sales |
165,000,000 |
172,000,000 |
|
Bank Name: |
TRUST BANK ALGERIA |
|
Branch: |
Algeria |
|
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.62.33 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.84.62 |
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.