MIRA
INFORM REPORT
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Report Date : |
16.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ETS SAKANDE KARIM |
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Registered Office : |
Grand |
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Country : |
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Date of Incorporation : |
1990 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importers, exporters and wholesalers of general merchandise. |
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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Maximum Credit Limit : |
CFA Fr 15,000,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COmpany NAME
ETS SAKANDE KARIM
(Correct)
SAKANDE KARIM (Requested)
ADDRESS
Street : Grand
Area : Secteur 1
P.O. Box :
08 BP 11361
Town :
Country :
Telephone :
(226) 5031 6464 / (226) 7022 6840 (mobile)
Fax : (226) 5031 6464
SENIOR COMPANY
PERSONNEL
Name Position
Karim Sakande General Manager / Owner
Total Employees
8
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
Opinion on maximum credit
: CFA Fr 15,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONALE POUR LE COMMERCE, L'INDUSTRIE ET L'AGRICULTURE DU
BURKINA SA (BICIA)
Branch
: Main Branch
Street :
Avenue Kwame N'Krumah No. 479
PO Box :
01 BP 8
Town :
Telephone : (226) 5031 3131
Fax :
(226) 5031 1955
FINANCIAL INFORMATION
Private companies in
Sales Turnover : CFA Fr 600,000,000 - 2006 - exact
Net Profit :
not given
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 1990
Capital : not applicable
Affaire Personnelle
(proprietorship) owned by Karim Sakande.
ACTIVITIES
The Company is involved
in the following activities :
Importers, exporters and wholesalers
of general merchandise.
Imports from
Exports to
FACILITIES
The Company has the
following facilities :
Administrative offices,
wholesalers and 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. |
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%)