|
Report Date : |
12.05.2014 |
IDENTIFICATION DETAILS
|
Registered Name : |
HISPANO ALGERIENNE DE L'ALIMENTATION SARL |
|
|
|
|
Registered Office : |
Ilot
44-BP 261, Hassi Bounif Zone, Industrielle Hassi Ameur, Oran |
|
|
|
|
Country : |
Algeria |
|
|
|
|
Date of Incorporation : |
11.06.2001 |
|
|
|
|
Com. Reg. No.: |
00B0104645 |
|
|
|
|
Legal Form : |
Societe Anonyme
Responsibilitee Limitee |
|
|
|
|
Line of Business : |
Import and export of
products and materials relating to fisheries and aquaculture and also
packaging products and foodstuffs such as Canning of fish and shellfish |
|
|
|
|
No. of Employees |
512 |
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 |
|
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
|
Registered Name: |
HISPANO
ALGERIENNE DE L'ALIMENTATION SARL |
|
Requested Name: |
SARL HAAL |
|
Other Names: |
None |
|
Physical Address: |
Ilot
44-BP 261, Hassi Bounif Zone, Industrielle Hassi Ameur, Oran |
|
Country: |
Algeria |
|
Phone: |
218-40229110/11 |
|
Cell: |
218-555933647 |
|
Fax: |
218-41525392/770799321 |
|
Email: |
sarlhaal@yahoo.fr/info@sarlhaal.com |
|
Website: |
www.sarlhaal.com |
|
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
Limitee |
|
|
Date Incorporated: |
11-July-2001 |
|
|
Reg. Number: |
00B0104645 |
|
|
Tax Number: |
000031010464514 |
|
|
Nominal Capital |
DZD.
518,623,000 |
|
|
Subscribed Capital |
DZD.
518,623,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Mostefa Benhedi |
CEO |
|
|
Mr. Zaki Mouss |
Director |
|
|
Mr. Brahim Bachir Bouyedjra |
Director |
|
|
Mrs. Leila Benadel |
Director |
|
|
Ms. Amel KORID |
Director |
|
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
|
Registered to operate
import and export of products and materials relating to fisheries and
aquaculture and also packaging products and foodstuffs such as Canning of
fish and shellfish |
|
|
Imports: |
Asia |
|
Exports: |
Asia, Europe |
|
Trademarks: |
None |
|
Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
|
|
|
|
Main Customers: |
Stores, outlets, firms and organizations |
|
Employees: |
512 employees. |
|
Vehicles: |
Several motor vehicles. |
|
Territory of sales: |
Algeria |
|
Location: |
Owned premises, 25,000 square meters, |
|
Auditors: |
Information not
available. |
|
Insurance Brokers: |
Information not
available. |
|
Currency Reported: |
Algerian Dinar (DZD.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 78.35
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 |
|
420,000,000 |
|
|
||
|
Bank Name: |
Crédit
Populaire d'Algérie (CPA). |
|
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.60.05 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.83.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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.