MIRA
INFORM REPORT
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Report Date : |
21.08.2007 |
IDENTIFICATION DETAILS
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Name : |
IMS GENERAL ELECTRIC SARL |
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Registered Office : |
Bp 13317, |
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Country : |
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Date of Incorporation : |
10/9/2003 |
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Com. Reg. No.: |
2003b344 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Retailers of Electrical Lighting 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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Maximum Credit Limit : |
USD 35,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
IMS GENERAL ELECTRIC SARL
Principal Address
Bp 13317,
Telephone: +237-22-216048
Fax: +237-22-216048
Email: None
Internet: None
Established
10/9/2003
Registration
No.
2003b344
National ID
1080300015584
Legal Form
limited Liability company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
40
Office &
Factories
Head offices Bp
13317,
Branches None
Company Profile
Paid in Capital CFA. 10,000,000
Subscribed Capital CFA. 10,000,000
Shareholders
Name Position
Amount Ratio
Mr. F Dalgui CEO 50.00%
Mr. P Mafanyi Director 50.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 35,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/ CEO (1) |
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Name |
Mr. F Dalgui |
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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 Lighting Products etc
Terms of payment
Buying terms 70% in cash, 30% on LC, TT
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies, Department stores, it also owns its own chain of stores and outlets
Recent Sales
CFA. 600,000,000 (2006)
Exports
None
Export Ratio 20.0%
Import Ratio 60.0%
Domestic Market Share 30.0%
Banking relationship
Main Banks Standard Chartered 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 35,000 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%)