MIRA
INFORM REPORT
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Report Date : |
21.08.2007 |
IDENTIFICATION DETAILS
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Name : |
TIEX AND CO |
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Registered Office : |
1990 Bd H. Boigny, Bp 9031, |
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Country : |
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Date of Incorporation : |
16/4/2002 |
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Com. Reg. No.: |
2002a1193 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Retailers of electrical spares, settings. |
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 : |
USD 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
TIEX AND CO
Other Name
ETABLISSEMENT TECHNIQUE TOGOLAISE D'IMPORT EXPORT ET
COOPERATION
TIEX & CO ETS
Principal Address
1990 Bd H. Boigny, Bp 9031,
Telephone: +228-2714901-3
Fax: +228-2714902
Email: Drumys98@yahoo.fr
Internet: None
Established
16/4/2002
Registration
No. 2002a1193
National ID
307504401012
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
400
Office &
Factories
Head offices 1990
Boulveard H. Boigny,
Branches None
Company Profile
Paid in Capital CFA. 1,000,000
Subscribed Capital CFA. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. O Rogers President &
CEO 40.00%
Mr. M Koffi President
& CEO 40.00%
Mr. J Amasi Director 20.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
Several within
their group however full details will be given later
Management/ Directors
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President/ CEO (1) |
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Name |
Mr. O Rogers |
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Remarks |
Top Decision Maker |
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President/ CEO (2) |
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Name |
Mr. M Koffi |
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 spares, settings,
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,
Department stores, it also owns its own chain of stores and outlets
Recent Sales
CFA.
380,000,000 (2006)
Exports
None
Export Ratio 0.0%
Import Ratio 60.0%
Domestic Market
Share 20.0%
Banking relationship
Main Banks Eco 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%)