MIRA
INFORM REPORT
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Report Date : |
10.08.2007 |
IDENTIFICATION DETAILS
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Name : |
JALEL WAZANI |
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Registered Office : |
74 Rue Galaddou Diouf 1657 100 |
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Country : |
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Date of Incorporation : |
10/5/1999 |
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Com. Reg. No.: |
83A/ 2564 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Retailers of
Electrical Stuff and other allied products etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
JALEL WAZANI
Principal Address
74 Rue Galaddou Diouf 1657 100
Telephone: +221-8-223145
Fax: +221-8-223145
Email: None
Internet: None
Established
10/5/1999
Registration
No. 83A/ 2564
Legal Form
Sole
proprietorship
Stock Listing
Not Listed
Workforce
2006
4
Office &
Factories
Head offices 74 Rue
Galaddou Diouf 1657 100
Branches None
Company Profile
Paid in Capital CFA. 1,000,000
Subscribed Capital CFA. 1,000,000
Shareholders
Name Position
Amount Ratio
Mr. Jalel Wazani Director 100.00%
Total 100.00%
Credit Opinion
We propose Secured credit
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Jalel Wazani |
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Work Experience |
10 years in this line of business |
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Remarks |
Top Decision Maker |
Þ Top decision maker is the person who has the ultimate authority or power to make important managerial decisions. He/She may or may not be officially registered as a president or an executive director.
Business Activities
Retailers of
Electrical Stuff and other allied products etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Public
Recent Sales
CFA. 182,000,000 (2006)
Exports
None
Export Ratio 20.0%
Import Ratio 60.0%
Domestic Market Share 10.0%
Banking relationship
Main Banks BICIS Bank
Credit Check of
Subject, President & CEO
(as of report date)
Payment Morale: In the documents at our
disposal nothing adverse has been shown so far.
CREDIT RATING: Financial situation is Still
average.
COMMENTS
We recommend is Secured Credit
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. |
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%)