MIRA
INFORM REPORT
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Report Date : |
21.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
COMPAGNIE GENERALE SENGALAISE SARL |
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Registered Office : |
P.O Box 1292 Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
2004B14600 |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Distributors of General Merchandises hardware 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
COMPAGNIE GENERALE SENGALAISE SARL
Other Name
COGESEN
Principal Address
P.O Box 1292 Dakar, Senegal
Telephone : +221-8428920
Fax : +221-8428920
Email : None
Internet : None
Established
2002
Registration
No. 2004B14600 Senegal
Legal Form
Limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
80
Office &
Factories
Head offices Immeuble Ndindi 5Eme Etage Rue Marchand No.
2, Angle Autoroute Prolongee
Branches None
Company Profile
Paid in Capital CFA. 10,000,000
Subscribed Capital CFA. 10,000,000
Shareholders
Name Position Amount Ratio
Mr. J Wada Director
Mr. T Diop Director
Mr. B Emeche Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
None State
Management/ Directors
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President/ CEO (1) |
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Name |
Mr. J Wada |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. T Diop |
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
Distributors of
General Merchandises hardware etc
Terms of payment
Buying
terms 30% in cash, 70% on credit
Selling
terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies , stores and
outlets
Recent Sales
CFA. 720,000,000
(2006)
Exports
None
Export
Ratio 0.0%
Import
Ratio 20.0%
Domestic
Market Share 30.0%
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%)