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Report No. : |
317822 |
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Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
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Name : |
EURL KATAMINE IMPORT-EXPORT |
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Registered Office : |
Cite 11 Decembre 1960, Coperative Immobilliere Nassim Bt 25, 3500 Boumerdes |
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Country : |
Algeria |
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Date of Incorporation : |
15.07.2009 |
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Com. Reg. No.: |
09B0725406 |
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Legal Form : |
Enterprise Unipersonnelle à Responsabilité Limitée |
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Line of Business : |
Import and Export of
industrial equipment and supplies such as hardware, housewares, batteries,
metal and steel products, equip,ets and supplies of building and public works,
appliance and manual machines and related facilities. |
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No. of Employees : |
30 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limits : |
USD 150,000 |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Algeria |
B1 |
B1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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.
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Source
: CIA |
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Registered Name: |
EURL KATAMINE
IMPORT-EXPORT |
|
Requested Name: |
EURL KATAMINE IMPORT-EXPORT |
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Other Names: |
None |
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Physical Address: |
Cite
11 Decembre 1960, Coperative Immobilliere Nassim Bt 25, 3500 Boumerdes |
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Country: |
Algeria |
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Phone: |
213-21249096/24972978/24912502/978/21248820 |
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Cell: |
213-770914596/561578524/561678525/550420958/5 53071465 |
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Fax: |
213-21248820/24912978 |
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Email: |
eurlkatamine@yahoo.fr/contact@katamine.com |
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Website: |
www.katamine.com |
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Financial Index as of December
2014 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 150,000 on 90 days. |
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Legal Form: |
Enterprise Unipersonnelle
à Responsabilité Limitée |
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Date Incorporated: |
15-July-2009 |
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Reg. Number: |
09B0725406 |
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Nominal Capital |
DZD.
100,000 |
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Subscribed Capital |
DZD.
100,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
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Mr. Rachid Koufi |
MD |
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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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1200 Logts Local 10 Coop Khayma Bab Ezzouar, Alger (16),Algeria |
Branches of the firm |
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Registered to operate
import and export of industrial equipment and supplies such as hardware,
housewares, batteries, metal and steel products, equip,ets and supplies of building
and public works, appliance and manual machines and related facilities |
|
|
Imports: |
Asia, Middle East |
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Exports: |
Neighboring countries |
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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: |
Local agencies, outlets,firms and organizations |
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Employees: |
30 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Algeria |
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Location: |
Leased premises, 10,000 square feet, |
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
Algerian Dinar (DZD.) |
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Approx. Ex. Rate: |
1 US Dollar = 98.28
Algerian Dinar |
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Fiscal Year End: |
December 31, 2014 |
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2014 was of 13%. |
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Financial Information not
Submitted |
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Profit and Loss
(expressed in ETB.) |
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2013 |
2014 |
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Sales |
350,000,000 |
425,500,000 |
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Bank Name: |
Crédit
Populaire d'Algérie (CPA). |
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Branch: |
Algeria |
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Comments: |
None |
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Experiences: |
Good |
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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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.