MIRA
INFORM REPORT
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Report Date : |
01.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE KAMI SARL |
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Registered Office : |
P. O.
Box 4802, Douala, Centre |
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Country : |
Cameroon |
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Date of Incorporation : |
1990 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers, wholesalers and retailers of
spare parts. |
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
25,000,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
SOCIETE KAMI SARL
ADDRESS
P.O. Box :
4802
Town : Douala
Province :
Centre
Country : Cameroon
Telephone :
(237) 342 2401 / (237) 968 9041 / 968 9045 (mobile)
Fax : (237) 342 6701
E-Mail : ndjiejoe@yahoo.fr
Also Known As
Kami Express
SENIOR COMPANY
PERSONNEL
Name Position
1. Rigobert Kengne General
Manager
2. Julio Sokodjou Accountant
Total Employees
150
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, however in view of the lack
of recent financial information international suppliers may prefer to exercise
some caution.
Opinion on maximum credit
: CFA Fr 25,000,000
Trade risk assessment :
Normal
It is normal accepted
practice for international suppliers to deal on secured terms with Cameroon
importers.
PRINCIPAL BANKERS
NAME :
AFRILAND FIRST BANK (formerly known as La Caisse Commune d'Epargne et
d'Investissement, CCEI Bank)
Branch :
Place de l'Independence (opposite of City Hall)
PO Box :
3487
Town : Douala
Telephone : (237) 342 6800 (Douala)
The company also has an
account with the following bank:
Societe Generale de
Banque au Cameroun SA Ave Monseigneur Vogt No 220 PO Box 700 Yaounde
Tel: (237) 2234005
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
CFA Fr 800,000,000 - 2002 - exact
: CFA Fr
850,000,000 - 2003 - approx
: CFA Fr
900,000,000 - 2004 - approx
: not given - 2005
: CFA Fr 1,000,000,000 - 2006 - estimated
Net Profit :
CFA Fr 200,000,000 - 2002 - exact
: CFA Fr 250,000,000 - 2003 - approx
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not given - 2004 - 2006
LEGAL STATUS AND
HISTORY
Date Started : 1990
Paid up Capital : CFA Fr
450,000,000
Societe a Responsibilite
Limitee (Limited Liability Company) with the following shareholders :
1. Mbasse Konkou
2. Undisclosed
shareholders
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of spare parts.
Subjects also operates a
bus transportation division, between Bafoussam and Yaounde and Bafoussam and
Douala.
Imports from UAE (Dubai),
Saudi Arabia and Japan.
FACILITIES
The Company has the
following facilities :
Administrative office and
warehouse located at the heading address.
Subject also owns 3
warehousing facilities in Bafoussam.
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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