MIRA
INFORM REPORT
|
Report Date : |
31st
January, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
MAMADOU
MOUGARE |
|
|
|
|
Registered Office : |
Rue Lorevan No. 8, P.O.
Box: 1824, Bamako, Mali. |
|
|
|
|
Country : |
Mali |
|
|
|
|
Date of Incorporation : |
1983 |
|
|
|
|
Com. Reg. No.: |
5857 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
Line of Business : |
Importers
and distributors of engine oil, plastics, generators and tyres. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
CFA Fr
3,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
COMAPNY NAME
MAMADOU MOUGARE
ADDRESS
Street : Rue Lorevan No. 8
P.O. Box :
1824
Town : Bamako
Country : Mali
Telephone :
(223) 223 4282 / (223) 616 3565 / 672 0157 (mobile)
Fax : (223) 223 4282
SENIOR COMPANY PERSONNEL
Name Position
Mamadou Mougare General
Manager / Owner
Total Employees : 8
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a well
established proprietorship business operating since 1983.
Subject incurred
undisclosed losses in 2006. Subject projects a return to profitability in 2007
financial year.
We consider it is
acceptable to deal with subject for SMALL amounts, however in view of the loss
situation a degree of caution should be exercised.
Opinion on maximum credit
: CFA Fr 3,000,000 (due attention
will be given to above remarks)
Trade risk assessment : Normal
It is normal accepted
practice for international suppliers to deal on secured terms with Mali
importers.
PRINCIPAL BANKERS
NAME :
BANK OF AFRICA MALI SA (BOA)
Branch :
Main Branch
Street :
Avenue de la Marne No. 418, Bozola
P.O. Box : 2249
Town :
Bamako
Telephone : (223) 221 4294 / 221 8589
Fax :
(223) 221 4653
E-mail :
boama.dg@bkofafrica.com
Acc. No. : 2270 61 522 01 40
Contact :
Coulibaly Siaka
The company also has an
account with the following banks :
1. Ecobank Mali SA
Quartier du Fleuve, Place de la Nation,
Imm. Amadou Sow
BP E 1272
Bamako
Tel :
(229) 223 3300
Fax :
(229) 223 3305
E-mail :
ecobankml@ecobank.com
2. Banque De
Developpement Du Mali SA (BDM)
Avenue Modibo Keita
BP 94
Bamako
Tel :
(223) 222 2050
Fax :
(223) 222 5085
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
CFA Fr 250,000,000 - 2002 - exact
: CFA Fr 270,000,000 - 2003 - exact
: CFA Fr 280,000,000 - 2004 - exact
: CFA Fr 200,000,000 - 2005 - approx
: CFA Fr
100,000,000 - 2006 - approx
Net Profit :
CFA Fr 14,000,000 - 2002 - exact
: CFA Fr
14,500,000 - 2003 - exact
: CFA Fr
15,000,000 - 2004 - exact
: not given - 2005
Loss : not given
- 2006
Financial year ends on 31
December.
LEGAL STATUS AND HISTORY
Date Started : 1983
C.R. No. : 5857
Capital : not applicable
Affaire Personnelle
(Proprietorship) owned by Mamadou Mougare.
ACTIVITIES
The Subject is involved
in the following activities :
Importers and
distributors of engine oil, plastics, generators and tyres.
Brand name : Dunlop
Imports from UAE (Dubai)
and Tunisia.
FACILITIES
The Subject has the
following facilities :
Administrative offices,
workshop and storage facilities located at the heading address.
Subject owns another
branch office elsewhere in Bamako.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|