MIRA
INFORM REPORT
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Report Date : |
04.08.2007 |
IDENTIFICATION DETAILS
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Name : |
BATIMAT SARL |
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Registered Office : |
Avenue Delorme Carre 57,
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
7 December 1990 |
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Com. Reg. No.: |
15.640 B |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, wholesalers and retailers of building, plumbing and
electrical materials, sanitaryware, metals and house and office 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 70,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
BATIMAT SARL
ADDRESS
Street : Avenue Delorme Carre 57
P.O. Box :
03 BP 0071
Town :
Country :
Telephone :
(229) 2131 4704 / 2131 4602
Fax : (229) 2131 3892
E-Mail : corlett@intnet.bj
SENIOR COMPANY
PERSONNEL
Name Position
1. Mohamed Fares Chairman
2. Kassem Jouni General Manager
Total Employees
48
PAYMENTS
No complaints have been heard
regarding payments from local suppliers or banks.
Subject is a member of
the Fares Group of
We consider it is
acceptable to deal with subject for MEDIUM amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Opinion on maximum credit
: CFA Fr 70,000,000 (associations inspire confidence for higher amounts if
required)
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.
TRADE REFERENCES
NAME :
PORCHER
Street :
Bat H, Parc des Reflets
:
Avenue du Bois de la Pie No. 165 - ZI Paris Nord 2
Town :
95920 Roissy CDG
Country :
Telephone :
(33 1) 4938 2800
Fax :
(33 1) 4938 2828
NAME :
WIRQUIN
Street :
Rue du Chateau de Bel Air No. 11
Town :
44482 Carquefou
Country :
Telephone : (33 2) 4030 3125
Fax :
(33 2) 4025 2338
E-mail :
marketing@wirquin.com
NAME :
LASSERE
Town :
Country :
Telephone : (33 1) 46 56 77 35
NAME :
Country :
PRINCIPAL BANKERS
NAME :
ECOBANK BENIN SA
Branch :
Main branch
Street :
Rue Gouverneur Bayol
PO Box :
01 BP 1280
Town :
Telephone : (229) 2131 4023 / 2131 3069
Fax :
(229) 2131 3385 / 2131 3718
Subject also has an
account with the following banks :
1. Bank of
Blvd de France
08 BP 0879
Tel: (229) 2131 3228
Fax: (229) 2131 3117
2. Societe Generale des
Banques au Benin (SGBB)
Ganhi, Avenue Clozel
01 BP 585
Tel: (229) 2131 8300
Fax: (229) 2131 8295
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr
2,000,000,000 - 1995 - exact
:
CFA Fr 2,700,000,000 - 1996 - exact
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CFA Fr 3,200,000,000 - 1997 - exact
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CFA Fr 3,200,000,000 - 1998 - exact
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CFA Fr 3,500,000,000 - 1999 - exact
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CFA Fr 4,000,000,000 - 2000 - exact
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CFA Fr 4,300,000,000 - 2001 - exact
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CFA Fr 4,500,000,000 - 2002 - exact
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CFA Fr 5,000,000,000 - 2003 - exact
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CFA Fr 5,200,000,000 - 2004 - approx
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CFA Fr 4,800,000,000 - 2005 - exact
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CFA Fr 5,000,000,000 - 2006 - exact
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CFA Fr 5,500,000,000 - 2007 - projected
Net Profit :
CFA Fr 200,000,000 - 1995 - exact
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CFA Fr 300,000,000 - 1996 - exact
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CFA Fr 400,000,000 - 1997 - exact
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CFA Fr 400,000,000 - 1998 - exact
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CFA Fr 500,000,000 - 1999 - exact
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CFA Fr 500,000,000 - 2000 - exact
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CFA Fr 500,000,000 - 2001 - approx
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CFA Fr 500,000,000 - 2002 - approx
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CFA Fr 500,000,000 - 2003 - exact
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CFA Fr 500,000,000 - 2004 - approx
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CFA Fr 420,000,000 - 2005 - exact
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CFA Fr 500,000,000 - 2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 7 December 1990
C.R. No. : 15.640 B
Insae No : 2446200262204
Authorised & Paid up
Capital : CFA Fr 12,000,000
Societe A Responsabilite
Limitee (Limited Liability Company) with the following shareholders :
Percentage
1. Mohamed Fares 34 %
2. Mohirdaine Fares 33
%
3. Hassan Fares 33 %
Affiliated companies of
Batimat SARL :
Associates
1. Comptoir Commercial du
Togo
2. Batimat Dakar
Rue Mousse Diop 55
BP 7020
Tel: (221) 229486 / 224814
Fax: (221) 210224
(Established on December 1986
Capital : CFA Fr 22,000,000)
3. Delta Medical
Rue Mousse Diop 57
P.O. Box : 7020
Telephone: (221) 223037
Fax
: (221) 210224 / 211027
(Established on 14 November 1991
Capital : CFA FR 2,000,000)
4. Literie Senegalaise
Rue Galandou Diouf, 61
P.O. Box : 7020
Tel: (221) 224814 / 229486
Fax: (221) 210224
Established in 1962
(Importers of bedding, building materials
and hardware)
5. Batimat Ghana Limited
Ring Road Central
Private
Bag, Accra-North
Tel: (233 21) 232303 / (027) 556805
(cellular)
Fax: (233 21) 228180
6. Najorelle
7. Comptoir Burkina Faso
de Batiment
(Established in 1996)
8. SPIL
Km 5.5, Bld de Centre de la Commune de Dakar
BP 7020
Tel: (221) 322246 / 322966 / 224814
Fax: (221) 324595
(Established in 1993,
Estate agents specialising in "Time
share")
9. Batiplus
Blvd Valerie D'Estaing 5
BP 980
Tel: (225) 269 005 / 268 045
Fax: (225) 263 017
10. Batiplus
11. Batimat
12. Batimat
Pointe Noire
People's Republic of
13. Batimat
14. Batimat
15. Societe Industrielle
Agro-Alimentaire
T/A Kirene
Rue Sandiniery No. 24
BP 7020
Tel: (221) 849 56 66
Fax: (221) 849 56 65
E-mail: kirene@kirene.sn
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of building, plumbing and electrical materials, sanitaryware,
metals and house and office furniture.
Imports mainly from
FACILITIES
The Company has the
following facilities :
1,500 square metre owned
administrative offices and retail showroom and 4,000 square metre owned storage
facilities located at the heading address.
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%)