MIRA
INFORM REPORT
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Report Date : |
08.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SALMAN TRADING CENTRE |
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Registered Office : |
P.O Box 652, Banjul |
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Country : |
Gambia |
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Date of Incorporation : |
16/3/1992 |
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Com. Reg. No.: |
16813 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Importers &
Distributors of Textiles and General Goods 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 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
SALMAN TRADING CENTRE
Principal Address
P.O Box 652, Banjul, Gambia
Telephone: +220-4226624/ 222323/ 227890
Fax: +220-4226605
Email: saltma@qanet.gm
Internet: None
Established
16/3/1992
Registration
No. 16813 Banjul, Gambia
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
25
Office & Factories
Head offices 22 Liberation Avenue, Banjul, Gambia
Branches None
Company Profile
Paid in Capital GMD. 100,000
Subscribed Capital GMD. 100,000
Shareholders
Name Position Amount
Ratio
Mr. S Kishore Director 50.00%
Mr, V Mandhani Director 50.00%
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. S Kishore |
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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
Importers &
Distributors of Textiles and General Goods etc
Terms of payment
Buying terms 30%
in cash, 70% on LC, TT
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Stores and outlets
Recent Sales
GMD. 18,000,000
(2006)
Exports
None
Export Ratio 0.0%
Import Ratio 60.0%
Domestic Market Share 12.0%
Banking relationship
Main Banks First
International 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%)