MIRA
INFORM REPORT
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Report Date : |
01.08.2007 |
IDENTIFICATION DETAILS
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Name : |
LATERIE DAKAROISE SA |
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Registered Office : |
Rue Raffenel No. 45, P.O. Box - 578, |
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Country : |
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Date of Incorporation : |
2003 |
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Legal Form : |
Joint stock company |
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Line of Business : |
Manufacturers and distributors of milk, yoghurts and concentrated milk |
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 40,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
LATERIE DAKAROISE SA (Correct)
LATIERIE DAKAROUSE (Requested)
ADDRESS
Street : Rue
Raffenel No. 45
P.O. Box : 578
Town :
Country :
Telephone : (221) 821 2899
Fax : (221) 821 1002
E-Mail :
laitdak@sentoo.sn
SENIOR COMPANY
PERSONNEL
Name
Position
Said Tarraf
President / Managing Director
Total Employees : 100 (subject)
200 (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,
however in view of the lack of financial information a degree of caution should
be exercised.
Opinion on maximum credit : CFA Fr 40,000,000 (due attention will be
given to above remarks)
Trade risk assessment:
Opinion on the credit figure of EURO 50,000 :
We consider the above figure to be within the company's financial
capabilities.
It is normal accepted practice for international suppliers to deal on
secured terms with Senegalese importers.
PRINCIPAL BANKERS
NAME : SOCIETE GENERALE DES BANQUES AU
Branch : Main Branch
Street : Av. du President Leopold Sedar Senghor No.
19, P O Box : 323, Town :
Telephone : (221) 839 5500
Fax : (221) 823 9036
FINANCIAL INFORMATION
Private companies in
Financial year ends 31 December.
LEGAL STATUS AND
HISTORY
Date Started : 2003
C.R. No. : 2003-B-14953
Capital : not given
Societe Anonyme (joint stock company) with the following shareholders :
1. Said Tarraf
2. Other members of the Tarraf family
Affiliated companies of Laterie Dakaroise SA :
Associates
1. Ets Jamil Tarraf et Cie SA
Rue Raffenel No. 48
BP 578
Tel: (221) 822 5619 / 822 6554
Fax: (221) 821 1002
2. Cosepral
(manufacturers of stock)
3. Mapal
(manufacturers of pasta)
4. Hotel Al Baraka
ACTIVITIES
The Company is involved in the following activities :
Manufacturers and distributors of milk, yoghurts and concentrated milk.
Imports from European countries and
FACILITIES
The Company has the following facilities :
Administrative offices located at the heading address.
The company's factory and storage facilities are situared elsewhere in
BRANCH OFFICES
Km 7, Boulevard du Centenaire de la Commune de
Tel: (221) 832 3223 / 832 7235
Fax: (221) 832 7235
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%)