MIRA
INFORM REPORT
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Report Date : |
27th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
INTERNATIONAL BUSINESS
COMPANY SARL |
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Registered Office : |
Rue du Togo GM 45-4
Kalley Sud, P.O. Box: 13934, Niamey, Niger |
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Country : |
Niger |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
B1417 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers, exporters
and wholesalers of foodstuff such as sugar, rice, vegetable oil, flour,
pasta, tinned tomatoes, deshydrated milk powder and yeast. |
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 : |
CFA Fr
50,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
INTERNATIONAL BUSINESS
COMPANY SARL
ADDRESS
Street : Rue du Togo GM 45-4 Kalley Sud
P.O. Box :
13934
Town : Niamey
Country : Niger
Telephone :
(227) 739 640 / (227) 955 757 (mobile)
Fax : (227) 739 640
E-Mail : IBCSARL@yahoo.fr
Shortform Name : IBC
SENIOR COMPANY PERSONNEL
Name Position
Kalilou Ibrahima Managing
Director
Total Employees : 4
PAYMENTS
No complaints have been heard
regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for MEDIUM amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Niger importers.
Opinion on maximum credit
: CFA Fr 50,000,000
Trade risk assessment : Normal
Opinion on the credit
figure of EURO 200,000 :
The above figure is
higher than normally seen in one amount, however could prove admissible in a
series of transactions provided the total indebtedness is strictly monitored.
PRINCIPAL BANKERS
NAME :
SOCIETE NIGERIENNE DE BANQUE (SONIBANK)
Branch :
Main Branch
Street :
Avenue de la Mairie
PO Box :
891
Town :
Niamey
Telephone : (227) 734 643 / 734 569 / 734 740
Fax : (227) 734 693
E-mail :
sonibank@intnet.ne
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
CFA Fr 4,611,819,322 - 2005 - exact
: CFA Fr 7,000,000,000 - 2006 - projected *
Net Profit : CFA Fr
151,000,000 - 2005 - exact
* not yet finalised.
Financial year ends 31
December.
LEGAL STATUS AND HISTORY
Date Started : 1998
History : The
company was incorporated in Niger in 1998.
C.R. No. : B1417
Fiscal ID No. : 9738/R
Authorised & Paid up
Capital : CFA Fr 18,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
Kalilou Ibrahima 100 %
ACTIVITIES
The Company is involved
in the following activities :
Importers, exporters and
wholesalers of foodstuff such as sugar, rice, vegetable oil, flour, pasta,
tinned tomatoes, deshydrated milk powder and yeast.
Imports from Benin, Ghana
and Togo.
Exports to Nigeria.
Subject plans to start
importing from France in the near future.
FACILITIES
The Company has the
following facilities :
Rented office premises
located at the heading address.
Subject also rents 3
sales outlets and 1 depot elsewhere in Niamey.
Subject owns 1 delivery
lorry.
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/normal. |
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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