MIRA
INFORM REPORT
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Report Date : |
14.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
COMPAGNIE BURKINABE DE FABRICATION DE PEINTURE SARL |
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Registered Office : |
Zone Industrielle Kossodo, P. O. Box 01 BP
1313, Ouagadougou |
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Country : |
Burkina Faso |
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Date of Incorporation : |
2003 |
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Com. Reg. No.: |
BF OUA 2003B253 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers and distributors of paints and building
materials. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Litigation : |
Clear |
COmpany NAME
COMPAGNIE BURKINABE DE
FABRICATION DE PEINTURE SARL
ADDRESS
Telephone :
(226) 5035 8230 / 7888 4887 (mobile) / 7020 0661 (mobile) / 7021 0687
(mobile)
Fax : (226) 5030 6321
E-Mail : cbfp_bf@yahoo.fr
Shortform Name
CBFP
SENIOR COMPANY
PERSONNEL
Name Position
Noufou Compare Managing
Director
PAYMENTS
Current trade experience
of payments has not been traced.
Subject was established
in 2003 and commenced production in March 2007.
Opinion on maximum credit
: As the company has recently started production and has no financial or
payment track record, we recommend dealing on fully secured terms.
Trade risk assessment :
High
It is normal accepted
practice for international suppliers to deal on secured terms with Burkina Faso
importers.
PRINCIPAL BANKERS
NAME :
BANQUE ATLANTIQUE
Branch :
main branch
P.O. Box : 01 BP 3407
Town :
Ouagadougou
Telephone : (226 50) 492 435
Fax :
(226 50) 492 436
The company also has an
account with BICIC.
FINANCIAL INFORMATION
As the Company has only
recently commenced production, relevant financial information is not available.
LEGAL STATUS AND
HISTORY
Date Started : 2003
History : Subject was established in 2003
and commenced production in March 2007.
C.R. No. : BF OUA 2003B253
Fiscal ID : 0000050811
Capital : CFA Fr 50,000,000
Societe a Responsibilite Limitee
(limited liability company) with the following shareholders :
1. Noufou Compare
2. Salim Compare
(son of the above)
3. Salifou Compare
(son of the above)
4. Madina Compare
(daughter of the above)
5. Abdul Compare
(son of the above)
6. Aida Compare
(daughter of the above)
Affiliated companies of
Compagnie Burkinabe de Fabrication de Peinture SARL :
Associates
1. Compagnie Nouvelle de
Fourniture, d'Irrigation et de Batiment SARL
01 BP 2911
Ouagadougou
2. Compagnie de
Representation Commeciale SARL
01 BP 4401
Ouagadougou
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers and
distributors of paints and building materials.
Imports Tunisia, Germany,
France and Switzerland.
FACILITIES
The Company has the
following facilities :
Office premises and
factory located at the heaing address.
BRANCH OFFICES
Avenue Houari Boumedien
(ex Av. La Cathedrale) Ouagadougou
Tel: (226) 5031 0183 /
5035 8231
Fax: (226) 5030 6321
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%)