MIRA
INFORM REPORT
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Report Date : |
18.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
D B M
PEINTURE |
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Registered Office : |
Quartier Siasounou, P.O. Box: 5669, Pointe Noire, Congo, People's Republic of |
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Country : |
Congo |
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Date of Incorporation : |
December
2005 |
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Com. Reg. No.: |
CG-PNR-RCCM-06-036 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers and wholesalers of paint. |
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/normal. |
Small |
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Maximum Credit Limit : |
CFA Fr 10,000,000 |
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Status : |
New
Company |
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Payment Behaviour : |
No
Complaints |
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Litigation : |
Clear |
COMPANY NAME
D B M PEINTURE SARL (Correct)
D B M PEINTURE (Requested)
ADDRESS
Area : Quartier Siasounou
P.O. Box : 5669
Town : Pointe Noire
Country : Congo, People's Republic of
Telephone : (242) 660 4390 / 665 1189 / 533 6321 (mobile)
E-Mail : dmbpeinture@yahoo.fr
SENIOR COMPANY PERSONNEL
Name Position
Pierre Banzika Managing Director
Total Employees : 10
PAYMENTS
No complaints have been heard regarding payments from local suppliers or banks.
Subject is a relatively newly established company (December 2005) which commenced production in March 2006.
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 Congo importers.
Opinion on maximum credit : CFA Fr 10,000,000
Trade risk assessment : Normal
Opinion on the credit figure of EURO 50,000 :
The above figure is higher than normally seen in one amount, however could prove admissible in a short series of transactions provided the total indebtedness is strictly monitored.
PRINCIPAL BANKERS
NAME : LA CONGOLAISE DE BANQUE (LCB)
Branch : Agence Pointe Noire
Street : Avenue du General de Gaulle
P.O. Box : 661
Town : Pointe Noire
Telephone : (242) 942 490 / 949 698
Fax : (242) 947 180
Acc. No. : 190859-5001 Cle Rib 86
The company also has an account with the following bank :
Banque Commerciale Internationale (BCI) Agence de Pointe Noire Avenue du General de Gaulle BP 661 Pointe Noire
Tel : (242) 941 006 / 941 009
Fax : (242) 940 995
FINANCIAL INFORMATION
Balance sheets are not available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr 540,000,000 - 2006 - exact *
: CFA Fr 900,000,000 - 2006 - projected
Net Profit : CFA Fr 150,000,000 - 2006 - approx * / **
Financial year ends 31 December.
* 10 month period (March-December)
** unaudited
LEGAL STATUS AND HISTORY
Date Started : December 2005
History : The company was incorporated in Congo, People's Republic of in December 2005 and commenced production in March 2006.
C.R. No. : CG-PNR-RCCM-06-036
Immatriculation No. : M2006110000538114
Industrial License No. : 017/MD/PSP/DGI/DDIK
Authorised & Paid up Capital : CFA Fr 5,000,000
Societe a Responsibilite Limitee (limited liability company) with the following shareholders :
Percentage
1. Yves Fernand Diokouandi 50 %
2. Pierre Banika 30 %
3. Emmanuel Madjou 20 %
ACTIVITIES
The Company is involved in the following activities :
Manufacturers and wholesalers of paint.
Production capacity : 12 tonnes per day.
Current production : 8 tonnes per day (2006).
Imports from Tunisia and France.
Subject plans to start importing from China (Hong-Kong) in the near future.
Subject also plans to export to Angola and Democratic Republic of Congo.
FACILITIES
The Company has the following facilities :
635 square metre owned premises comprising administrative office, workshop and storage facilities 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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