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Report No. : |
321795 |
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Report Date : |
16.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SARL KOLLIRAMA |
|
|
|
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Registered Office : |
Route
Nationale 12, 06000 Bejaia, Oued-Ghir |
|
|
|
|
Country : |
Algeria |
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|
|
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Date of Incorporation : |
01.01.2002 |
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|
|
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Com. Reg. No.: |
02B0184037 |
|
|
|
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Legal Form : |
Societe Anonyme
Responsabilitee Limitee |
|
|
|
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Line of Business : |
Subject operate import and
export of equipment and products related to hardware, hardware, household
items, and all items of hygiene and household and professional maintenance |
|
|
|
|
No. of Employee : |
55 employees. |
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 150,000 |
|
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 |
|
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 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: |
SARL KOLLIRAMA |
|
Requested Name: |
SARL KOLLIRAMA |
|
Other Names: |
None |
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Physical Address: |
Route
Nationale 12, 06000 Bejaia, |
|
|
Oued-Ghir |
|
Country: |
Algeria |
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Phone: |
213-34239415/6/34239207 |
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Cell: |
213-770970901 |
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Fax: |
213-34239415 |
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Email: |
info@kollirama.fr |
|
Website: |
www.kollirama.com |
|
Legal Form: |
Societe Anonyme
Responsabilitee Limitee |
|
|
Date Incorporated: |
01-Jan-2002 |
|
|
Reg. Number: |
02B0184037 |
|
|
Nominal Capital |
DZD.
80,000,000 |
|
|
Subscribed Capital |
DZD.
80,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Abdelkader Kolli |
Chairman |
|
|
Mr. Mourad Kolli |
Director |
|
|
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. |
|
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 equipment and products related to hardware, hardware, household
items, and all items of hygiene and household and professional maintenance |
|
|
Imports: |
Europe |
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Exports: |
Middle East |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
|
|
|
|
Main Customers: |
firms and organizations |
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Employees: |
55 employees. |
|
Vehicles: |
Several motor vehicles. |
|
Territory of sales: |
Algeria |
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Location: |
Leased premises, 10,000 square feet, |
|
Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
|
Currency Reported: |
Algerian Dinar (DZD.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 97.89
Algerian Dinar |
|
|
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 DZD.) |
||
|
|
|
2014 |
|
Sales |
|
250,000,000 |
|
Bank Name: |
HSBC
Algeria |
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Branch: |
Algeria |
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Comments: |
None |
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Experiences: |
Good |
|
|
|
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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.63.58 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.