MIRA
INFORM REPORT
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Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOGEMAT AFRIQUE SARL |
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Registered Office : |
Imm. Air Burkina, 2em Etage, Avenue Jean-Paul II No. 145, P. O. Box 80428, Lome |
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Country : |
Togo |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
013191MCITDZF/DCI |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, wholesalers and retailers of paints, plasters and
generators. |
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 10,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SOGEMAT AFRIQUE SARL
ADDRESS
Building :
Imm. Air Burkina, 2em Etage
Street : Avenue Jean-Paul II No. 145
P.O. Box :
80428
Town : Lome
Country : Togo
Telephone :
(228) 261 3632 / 902 3335 (mobile) / 901 0735 (mobile)
Fax : (228) 261 3633
E-Mail : ssogemat@ids.tg / ssogemat@yahoo.fr
Formerly Known As
Ets Sogemat Togo
SENIOR COMPANY
PERSONNEL
Name Position
1. Prosper Dzimeyor Managing
Director
2. Adanlekponsi
Kossi Director
3. Woglo Mawussi
(Mrs) Director
Total Employees
11 (subject)
50 (group)
PAYMENTS
No complaints have been heard
regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for SMALL amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Togo importers
Opinion on maximum credit
: CFA Fr 10,000,000
Trade risk assessment : Normal
PRINCIPAL BANKERS
NAME :
ECOBANK TOGO SA
Branch :
Main Branch
Street :
Rue du Commerce No. 20
PO Box :
3302
Town :
Lome
Telephone : (228) 221 7214
Fax :
(228) 221 4237 / 221 7319
Acc. No. : 205295501015 RIB90
The company also has an
account with the following bank :
1. Societe
Inter-Africaine de Banque (SIAB)
Rue du Commerce No. 14
BP 4874
Lome
Tel: (228) 221 1341 / 221 2830
Fax: (228) 221 5829
2. Financial Bank Togo
11, Av. du 24 Janvier
BP 325
Lome
Tel: (228) 221 6221
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr 400,000,000 - 2004 - exact
: CFA Fr 450,000,000 - 2005 - exact
: CFA Fr 289,965,000 - 2006 - exact *
: CFA Fr 550,000,000 - 2006 - aprox
Net Profit :
not given
Financial year ends 31
December.
* 6 month period ended 30
June.
LEGAL STATUS AND
HISTORY
Date Started : 1998
History : The company was incorporated in
Togo in 1998 as Ets Sogemat Togo. In 2004 subject changed
its
name and adopted the present style.
C. R. No. : 013191MCITDZF/DCI
(025057/MCITDZF/DCI)
C.O.E. No 050668E No
Fiscal 520104A No RC 205 B0177 (du 3/3/2005)
Paid up Capital : CFA Fr 100,000,000 (increased from CFA Fr
60,000,000 in 2004)
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
Percentage
1. Prosper Dzimeyor 55 %
2. Adanlekponsi
Kossi )
)
3. Woglo Mawussi
(Mrs) ) 45 %
)
4. Four undisclosed
shareholders )
Affiliated companies of
Sogemat Afrique SARL :
Associates
1. Sogemat
Cameroon
2. Sogemat
Ghana
3. Sogemat
Nigeria
4. Sogemat
Ivory Coast
(dormant)
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of paints, plasters and generators.
Overseas suppliers
include :
- Pic, France
- Delphi, France
Imports from France,
Tunisia, Kenya and Egypt.
FACILITIES
The Company has the
following facilities :
Offices, retail outlet
and storage facilities located at the heading address.
Subject has further two
sales outlets in Lome.
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%)