MIRA
INFORM REPORT
|
Report Date : |
24.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
ETS SHALOM |
|
|
|
|
Registered Office : |
P. O. Box 14373, Lome |
|
|
|
|
Country : |
Togo |
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Trading as importers and retailers of general merchandise. |
RATING &
COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
COmpany NAME
ETS SHALOM
ADDRESS
P.O. Box :
14373
Town : Lome
Country : Togo
Telephone :
(228) 222 9104 / (228) 904 5570 / 912 6520
Fax : (228) 221 9746
E-Mail : shalomfafa@yahoo.fr
SENIOR COMPANY
PERSONNEL
Name Position
Mrs Salami Managing Director
Total Employees
3 (administrative)
PAYMENTS
Current trade experience
of payments has not been traced.
The company has declined
to provide financial information or to reveal any details relative to the
extent of their operations.
Opinion on maximum credit
: In view of the above we have insufficient basis on which to speak for
unsecured credit and recommend dealing on fully secured terms for all
transactions pending fuller knowledge.
Trade risk assessment :
No classification
Opinion on the credit
figure of EURO 200,000 :
See above comments.
It is normal accepted
practice for international suppliers to deal on secured terms with Togo
importers
PRINCIPAL BANKERS
Subject declined to name
its bankers.
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 : 2000 (not
confirmed)
Capital : not given
Affaire Personnelle
(proprietorship) owned by Mrs Salami.
ACTIVITIES
The Company is involved
in the following activities :
Trading as importers and
retailers of general merchandise.
Imports from EU.
FACILITIES
The Company has the
following facilities :
Office located in Lome.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)