MIRA
INFORM REPORT
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Report Date : |
01.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
PAPETERIE CENTRALE SARL |
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Registered Office : |
8 eme
Avenue, Quartier Almamia-Commune de Khaloum, P. O. Box 632, Conakry |
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Country : |
Guinea, Republic of |
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Date of Incorporation : |
1993 |
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Com. Reg. No.: |
93A136 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers and retailers of a wide variety of
stationery and printing materials. |
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 : |
GUI Fr
150,000,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
PAPETERIE CENTRALE SARL
ADDRESS
Street : 8 eme Avenue
Area : Quartier Almamia-Commune de Khaloum
P.O. Box :
632
Town : Conakry
Country : Guinea, Republic of
Telephone :
(224 30) 412 375 (3 lines) / 414 597
/ 411 341 (224 63) 354 225 / 354 274
Fax : (224 30) 411 341
E-Mail : pap.centrale@biasy.net
SENIOR COMPANY
PERSONNEL
Name Position
1. Nasif Taleb Nazeh Joint
Managing Director
2. Ismael Sayegh Joint Managing Director
3. Hassan Katoun General Manager
4. Sekou Kamara Accountant
Total Employees
30
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for SMALL amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Guinea importers.
Opinion on maximum credit
: GUI Fr 150,000,000
Trade risk assessment :
Normal
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONALE POUR LE COMMERCE & L'INDUSTRIE DE LA GUINEE
SA
Branch :
Avene de la Republique
PO Box :
1484
Town :
Conakry
Telephone : (224 30) 414 515 / 415 011 / 413 250
Fax :
(224 30) 413 962
Subject also has an
account with the following banks:
1. Societe Generale de
Banques en Guinee (SGBG)
Avenue de lar Republique - Kaloum, Almamya
Conakry
Telephone: (224) 456 000
2. Union International de
Banques en Guinee
Corner Boulvard
5 & 6 Avenue Chips
Tel : (224 30) 350 697
Fax : (224 30) 414 277
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : GUI Fr 1,200,000,000 - 1997 - exact
: GUI Fr 2,200,000,000 - 1998 - exact
: GUI Fr 3,000,000,000 - 1999 - exact
: GUI Fr 4,381,000,000 - 2000 - exact
: GUI Fr 5,600,000,000 - 2001 - exact
: GUI Fr 6,000,000,000 - 2002 - approx
: GUI Fr
6,000,000,000 - 2003 - exact
: GUI Fr 7,000,000,000 - 2004 - exact
: GUI Fr 7,500,000,000 - 2005 - exact
: GUI Fr 6,200,000,000 - 2006 - exact
Net Profit :
not given - 1997 - 2004
: GUI Fr
450,000,000 - 2005 - exact
: GUI Fr
375,000,000 - 2006 - exact
Financial year ends 31
December,
LEGAL STATUS AND
HISTORY
Date Started : 1993
History : Subject was established as a
proprietorship owned by Latif Taleb Nazeh in 1993 under
the
name Papeterie Centrale. In 1993 subject was converted into a Societe a
Responsabilite Limitee under the name Papeterie Centrale SARL and
initial capital GUI
Fr
10,000,000.
C.R. No. : 93A136
Paid up Capital : GUI Fr
150,000,000 (increased from GUI Fr 70,000,000 in 2000)
Societe a Responsibilite
Limitee (Limited Liability Company) with the following shareholders :
1. Latif Taleb Nazeh
2. Nasif Taleb Nazeh
3. Ismael Sayegh
4. Jaffal Taleb Mohamed
ACTIVITIES
The Company is involved
in the following activities :
Importers and retailers
of a wide variety of stationery and printing materials.
Imports from Belgium,
France, Germany, Brazil, Italy, Spain, Portugal and the Far East.
FACILITIES
The Company has the
following facilities :
Rented premises,
comprising retail outlet, storage failities and administrative office located
at the heading address.
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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