MIRA INFORM REPORT
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Report Date : |
12th May 2006 |
IDENTIFICATION DETAILS
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Name : |
ETABLISSEMENT GEBARA IMPORT EXPORT |
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Registered Office : |
Avenue Lamine Gueye No. 58 2614, Dakar Senegal |
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Date of Incorporation : |
1985 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importers, distributors and retailers of
vehicle spare parts. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
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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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
CO. NAME
ETABLISSEMENT
GEBARA IMPORT EXPORT
ADDRESS
Street : Avenue Lamine Gueye No. 58
P.O. Box :
2614
Town : Dakar
Country : Senegal
Telephone :
(221) 821 5611
Fax : (221) 822 9803
Trading
Styles : Fournauto
SENIOR COMPANY PERSONNEL
Name Position
Mamadou
Gebara General Manager / Owner
Total
Employees : 15
PAYMENTS
This is a
small "one man" ownership company. Our local sources have
described
the owner as "a difficult individual".
As a
proprietorship, subject is not required to publish or disclose balance sheets.
The owner has declined to provide a financial statement or to supply detailed
background information regarding his business.
Opinion on
maximum credit :
In the
circumstances we recommend international suppliers deal on a
strictly
cash or prepaid basis.
Trade risk
assessment : No classification (see above comments)
It is
normal accepted practice for international suppliers to deal secured terms with
Senegalaise importers.
PRINCIPAL BANKERS
NAME : SOCIETE GENERALE DE BANQUES AU SENEGAL
(SGBS)
Branch : Central
Town : Dakar
Telephone:
(221) 823 1060 / 823 3530
FINANCIAL INFORMATION
Balance
sheets are not available and the subject interviewed declined to give any
financial information, which the company regards as strictly confidential.
LEGAL STATUS AND HISTORY
Date
Started : 1985
C.R. No. :
85A2219
Capital :
not applicable
Affaire
Personnelle (Proprietorship) owned by Mamadou Gebara.
ACTIVITIES
The
Company is involved in the following activities :
Importers,
distributors and retailers of vehicle spare parts.
Imports
worldwide.
FACILITIES
The
Company has the following facilities :
Retail
outlet and a small warehouse on the ground floor and the residence of Mamadou
Gebara on the first floor located at the heading address.
RATING EXPLANATIONS
RATING
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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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
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 |