MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
CENTR'AFFAIRES SA |
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Registered Office : |
Rue Marquis de Compiegne No. 282, P. O. Box 2268, Libreville |
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Country : |
Gabon |
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Date of Incorporation : |
14 November 1986 |
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Com. Reg. No.: |
RCCM 2003 B 02942 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Importers and retailers of market products including electrical
appliances, small household appliances, toys, school items and furniture. |
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 60,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COmpany NAME
CENTR'AFFAIRES SA
ADDRESS
Street : Rue Marquis de Compiegne No. 282
P.O. Box :
2268
Town : Libreville
Country : Gabon
Telephone :
(241) 765 546 / 765 547 / 766 353
Fax : (241) 773 189
E-Mail : centraffaires@inet.ga
SENIOR COMPANY
PERSONNEL
Name Position
1. Henri Vesmare President / Managing Director
2. Florence Vesmare Deputy
Managing Director
3. Lidia Moukoumi
(Mrs) Administrative & Financial Director
Total Employees
60
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
practice for international suppliers to deal on secured terms with Gabon
importers.
Opinion on maximum credit
: CFA Fr 60,000,000
Trade risk assessment :
Normal
TRADE REFERENCES
NAME :
STE GIFI
Street :
ZI La Barbiere
Town :
Villeneuve sur Lot 47301
Country :
France
NAME :
PELLETIER
Street :
Zone de Lamothe Route d'Agen
Town :
Auch 32020
Country :
France
NAME :
CAFOM
Town :
Paris
Country :
France
PRINCIPAL BANKERS
NAME :
BGFI BANK (FORMERLY BANQUE PARIBAS)
Branch :
Main Branch
Street :
Boulevard de l'Independance
P.O. Box : 2253
Town :
Libreville
Telephone : (241) 762 326 / 762 507 / 764 035
Fax :
(241) 740 894 / 744 456
The Company also has an account
with the following banks :
1. Union Gabonaise de
Banques (UGB)
Rue du Colonel Parent
BP 315
Libreville
Tel: (241) 777000 / 761514
Fax: (241) 764616
2. Banque Internationale
pour le Commerce et l'Industrie au Gabon
(BICIG)
Avenue du Colonel Parant
BP 2241
Libreville
Tel: (241) 762 613
Fax: (241) 746 410
FINANCIAL INFORMATION
Balance Sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr
400,000,000 - 1991 - exact
: CFA Fr
500,000,000 - 1992 - exact
: CFA Fr
800,000,000 - 1993 - exact
: CFA Fr 1,700,000,000 - 1994 - exact
: CFA Fr 2,000,000,000 - 1995 - exact
: CFA Fr 2,800,000,000 - 1996 - exact
: CFA Fr 2,700,000,000 - 1997 - exact
: CFA Fr 2,800,000,000 - 1998 - exact
: CFA Fr 3,000,000,000 - 1999 - exact
: CFA Fr 3,000,000,000 - 2000 - exact
: CFA Fr
3,207,631,264 - 2001 - exact
: CFA Fr 3,100,000,000 - 2002 - exact
: CFA Fr 3,100,000,000 - 2003 - exact
: CFA Fr 3,500,000,000 - 2004 - approx
: CFA Fr 3,918,674,504 - 2005 - exact
: CFA Fr 4,428,644,000 - 2006 - exact
Net Profit :
CFA Fr 18,000,000 - 1991 - exact
: CFA Fr
33,000,000 - 1992 - exact
: CFA Fr
35,000,000 - 1993 - exact
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CFA Fr 65,000,000 - 1994 - exact
: not given
- 1995 - 1997 *
: CFA Fr
53,000,000 - 1998 - exact
Loss :
not given - 1999 **
Net Profit :
not given - 2000
: CFA Fr 220,505,363
- 2001 - exact
: CFA Fr
250,000,000 - 2002 - exact
: CFA Fr
250,000,000 - 2003 - exact
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CFA Fr 250,000,000 - 2004 - approx
: not given
- 2005 - 2006
* stated to be profitable
** loss in 1999 subject
was attributed to unfavourable market conditions. In the same year subject
acquired operation of HDA, a supermarket operator, undertook a limited
restructuring and shed a number of staff.
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 14 November 1986
History : Subject was originally
established on 14 November 1986 and incorporated as a Societe A
Responsabilite Limitee (Limited Liability Company) on 12 December 1986. In
1996 the status
was changed to Societe Anonyme
(Joint Stock Company).
C.R. No. : RCCM 2003 B 02942 (formerly 2567 B)
Fiscal ID No. : 793 556 T
Authorised & Paid up
Capital : CFA Fr 401,250,000 (increased from CFA Fr 160,500,000; increased from
CFA Fr
145,000,000; increased from CFA Fr 45,000,000)
Societe Anonyme (Joint
Stock Company) with the following shareholders :
Percentage
1. Henri Vesmare 53
%
2. Florence Vesmare 30
%
(born Faiola)
3. Olivier Vesmare 17
%
ACTIVITIES
The Company is involved
in the following activities :
Importers and retailers of
market products including electrical appliances, small household appliances,
toys, school items and furniture.
Imports from France, UK,
Belgium, Italy, Spain, Portugal, China, Indonesia, Tunisia, Morocco and Brazil.
FACILITIES
The Company has the following
facilities :
500 square metre rented
retail outlet, warehouse and offices located at the heading address.
The company has further 3
retail outlets and 2 warehouses in Libreville and 1 retail outlet in Port
Gentil.
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%)