MIRA
INFORM REPORT
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Report Date : |
31.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
BOCAR SAMBA DIAYE |
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Registered Office : |
Parcelle 581, Grand Dakar, P. O. Box 10214, Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
1959 |
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Com. Reg. No.: |
9193A |
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Legal Form : |
General Partnership |
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Line of Business : |
Trading as importers, wholesalers and retailers of general merchandise. |
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 Limit : |
CFA Fr 100,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COmpany NAME
BOCAR SAMBA DIAYE
(Correct)
BOCAR SAMBA DIEW
(Requested)
ADDRESS
Street : Parcelle 581
Area : Grand Dakar
P.O. Box :
10214
Town :
Dakar
Country : Senegal
Telephone :
(221) 859 0170 / 825 3011 / (221) 638 4410 / 634 7320 (mobile)
Fax : (221) 825 3247
SENIOR COMPANY
PERSONNEL
Name Position
1. Bocar Samba Diaye Managing
Director
2. Moussa Diaye Financial Director
Total Employees
83
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for MEDIUM amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Senegalese importers.
Opinion on maximum credit
: CFA Fr 100,000,000
Trade risk assessment :
Normal
PRINCIPAL BANKERS
NAME :
BANQUE SAHELO-SAHARIENNE POUR L'INVESTISSEMENT ET LE COMMERCE
Branch :
12 Boulevard Djily Mbaye
P.O. Box : 4106
Town :
Dakar
Telephone : (221) 823 6610
Fax :
(221) 842 7105
The company also has an
account with the following banks:
1. Banque
Senegalo-Tunisienne
Immeuble Kebe
97, Avenue Andre Peytavin
PO Box: 4111
Dakar
Tel: (221) 849 6060
Fax: (221) 823 8238
2. Compagnie Bancaire De
l'Afrique Occidentale (CBAO)
Place de l'Independance
PO Box : 129
Dakar
Tel: (221) 823 1000
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr 22,517,924,882 - 2004 - exact
: CFA Fr 25,107,882,490 - 2005 - exact
: CFA Fr 18,000,000,000 - 2006 - exact
Net Profit :
not given - 2004 - 2005
: CFA Fr 71,000,000 -
2006 - exact
LEGAL STATUS AND
HISTORY
Date Started : 1959
History : The company was incorporated in
Senegal in 1959.
C.R. No. : 9193A
Capital : CFA Fr 50,000,000
Societe en Nom Collectif
(general partnership) with the following partners :
1. Bocar Samba Diaye
2. Members of Diaye
family.
Affiliated companies of
Bocar Samba Diaye :
Associates
1. Faoura SA
2. Faoura Plastic SA
ACTIVITIES
The Company is involved
in the following activities :
Trading as importers,
wholesalers and retailers of general merchandise.
Imports from EU, Brazil, Thailand,
Vietnam, India and Egypt.
FACILITIES
The Company has the
following facilities :
Owned office premises
located at the heading address, and 4 retail shops elsewhere in Dakar.
Subject also owns 4
buildings in Dakar.
SPECIAL NOTE
You enquired on : Bocar
Samba Diew. Please note the correct name is as per heading.
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 |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)