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Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
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Name : |
DIGITAL SYSTEM SARL |
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Registered Office : |
Immeuble Intilaka Bloc A2,Ueme, Etage 3000, Sfax |
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Country : |
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Date of Incorporation : |
12.06.2012 |
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Com. Reg. No.: |
1009781N |
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Legal Form : |
Societe Anonyme Responsabilitee Limitee |
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Line of Business : |
Registered to operate as dealers
in information communication technology hardware, laboratory equipment,
sales, rental and repair of medical and surgical equipment. |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – June 01, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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B2 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
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. During 2012 and 2013, the Tunisian Government’s
focus on the political transition led to a neglect of the economy that resulted
in several downgrades of Tunisia’s credit rating. 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
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Source
: CIA |
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Registered Name: |
DIGITAL SYSTEM
SARL |
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Requested Name: |
DIGITAL SYSTEM |
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Other Names: |
None |
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ADDRESS AND TELECOMMUNICATION
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Physical Address: |
Immeuble
Intilaka Bloc A2,Ueme, Etage 3000, Sfax |
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Country: |
Tunisia |
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Phone: |
216-74229689 |
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Fax: |
216-74299650 |
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Email: |
digital.system@tunet.tn |
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Website: |
None |
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CREDIT OPINION
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Financial Index as of December
2013 shows subject firm with a medium risk of credit. |
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LEGAL
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Legal Form: |
Societe Anonyme
Responsabilitee Limitee |
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Date Incorporated: |
12-June-2012 |
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Reg. Number: |
1009781N |
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Nominal Capital |
TND.
5,000 |
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Subscribed Capital |
TND.
5,000 |
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Subscribed Capital is Subscribed in the following form: |
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Position |
Shares |
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Mr. Bacem Makni |
Director |
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None |
Parent company. |
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None |
Subsidiary company. |
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None |
Affiliated company. |
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None |
Shareholder of subject
firm. |
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None |
Branches of the firm |
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OPERATIONS
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Registered to operate as
dealers in information communication technology hardware, laboratory equipment,
sales, rental and repair of medical and surgical equipment. |
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Imports: |
Asia, |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
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Main Customers: |
firms and organizations |
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Employees: |
10 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
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Location: |
Rented premises, 1,500 square feet, |
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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FINANCE
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Currency Reported: |
Tunisian Dinar (TND.) |
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Approx. Ex. Rate: |
1 US Dollar = 1.77
Tunisian Dinar |
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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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Financial Information not
Submitted |
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Profit and Loss
(expressed in TND.) |
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2013 |
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Sales |
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1,300,000 |
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Bank Name: |
Amen
Bank (AB) |
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Branch: |
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Comments: |
None |
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Experiences: |
Good |
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NOTARIAL BONDS |
None |
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This information was
obtained from outside sources other than the subject company itself and
confirmed the above subject. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.84 |
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1 |
Rs.98.72 |
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Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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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 |
-- |
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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.