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Report Date : |
10.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SARL BELAZZOUG IMP. EXP. |
|
|
|
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Registered Office : |
03 A Rue, "Z" Lotissement 217, Secteur "C" Groupe
02, Bordj Bou Arreridj 34000 |
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|
|
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Country : |
Algeria |
|
|
|
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Date of Incorporation : |
1986 |
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|
|
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Legal Form : |
Societe Anonyme Responsibilitee Limitee |
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|
|
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Line of Business : |
Subject operate
import of materials and products for the textile industry and export of
textiles |
|
|
|
|
No. of Employees : |
50 |
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 |
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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Algeria |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
ALGERIA ECONOMIC OVERVIEW
Algeria's economy remains dominated by the state, a legacy of the country's socialist postindependence 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 |
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SUBJECT'S NAME |
|
|
Registered Name: |
SARL BELAZZOUG IMP. EXP. |
|
Requested Name: |
SARL BELAZZOUG IMP. EXP. |
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Trade Names: |
SARL BELAZZOUG TEXTILE |
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Physical Address: |
03 A Rue, "Z" Lotissement 217, Secteur "C" Groupe
02, Bordj Bou Arreridj 34000 |
|
Country: |
Algeria |
|
Phone: |
213-35685780 |
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Cell: |
213-550550103 |
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Fax: |
213-35682636/35681173 |
|
Email: |
info@belazzougtex.com/chouroukbba@yahoo.fr/chouroukbba@gmail.com |
|
Website: |
www.belazzougtex.com |
|
_______________________________________________________________________ |
|
|
Legal Form: |
Societe Anonyme Responsibilitee Limitee |
|
|
Date Incorporated: |
1986 |
|
|
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. Rachid Belazzoug |
MD |
|
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject firm. |
|
None |
Branches of the firm |
|
___________________________________________________________________________ |
|
|
Registered to operate import of materials and products for the textile industry and export of textiles |
|
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Imports: |
Asia, Middle East |
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Exports: |
Europe |
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Trademarks: |
None |
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Terms of sale: |
Cash (30%) and 25-90 days (70%), invoices. |
|
|
|
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Main Customers: |
Distributors,firms and organizations |
|
Employees: |
50 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Algeria |
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Location: |
Leased 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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|
|
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_______________________________________________________________________ |
|
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Currency Reported: |
Algerian Dinar (DZD.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 78.35 Algerian Dinar |
|
|
Fiscal Year End: |
December 31, 2013 |
|
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Inflation: |
According to information given by independent sources, the inflation at December 31st, 2013 was of 13%. |
|
|
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||
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Financial Information not Submitted |
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|
|
|
|
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|
|
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Profit and Loss (expressed in DZD.) |
||
|
|
|
2013 |
|
Sales |
|
350,000,000 |
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_______________________________________________________________________ |
||
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Bank Name: |
Banque Nationale d'Algérie (BNA). |
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Branch: |
Algeria |
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Comments: |
None |
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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.60.05 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.83.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.