MIRA
INFORM REPORT
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Report Date : |
16.08.2007 |
IDENTIFICATION DETAILS
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Name : |
FIRST CERAMICA SANITARIO |
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Registered Office : |
Bp 4496, Younde, |
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Country : |
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Date of Incorporation : |
14/4//2006 |
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Com. Reg. No.: |
2006B1021 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Retailers of
Hardware, Brick, Stone and related Construction Materials 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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
FIRST CERAMICA SANITARIO
Principal Address
Bp 4496, Younde,
Telephone: +237-22-212266
Fax: +237-22-212265
Email: djatepjona@yahoo.fr
Internet: None
Established
14/4//2006
Registration
No. 2006B1021
National ID
M020600019911Q
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
60
Office &
Factories
Head offices Quartier
Nkol-Eton,
Branches None
Company Profile
Paid in Capital CFA. 100,000,000
Subscribed Capital CFA. 100,000,000
Shareholders
Name Position
Amount Ratio
Mr. Jonas Djayep CEO
Mr. Y diep Director
Groupe Dj Ceramica Santario Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Jonas Djayep |
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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
Hardware, Brick, Stone and Related Construction Materials etc
Terms of payment
Buying terms 70%
in cash, 30% on LC, TT
Selling terms 50% in cash, 50% on credit
Suppliers
None
Customers
Local agencies, stores and
outlets
Recent Sales
CFA. 400,000,000 (2006)
Exports
None
Export Ratio 20.0%
Import Ratio 60.0%
Domestic Market Share 5.0%
Banking relationship
Main Banks CCF 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
average.
COMMENTS
Maximum credit we recommend is USD 50,000 outstanding at any one time.
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%)