MIRA
INFORM REPORT
|
Report Date : |
12.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
COMPAGNIE GENERALE DE PEINTURES SA |
|
|
|
|
Registered Office : |
Route des Brasseries, P. O. Box 6378, Dakar |
|
|
|
|
Country : |
Senegal |
|
|
|
|
Date of Incorporation : |
1999 |
|
|
|
|
Com. Reg. No.: |
99B194 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturers and distributors of paints and varnishes. |
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
10,000,000 |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
COMPAGNIE GENERALE DE
PEINTURES SA (Correct)
COGEP (Requested)
ADDRESS
Street : Route des Brasseries
P.O. Box :
6378
Town : Dakar
Country : Senegal
Telephone :
(221) 832 1039 / 832 1945
Fax : (221) 832 1153
E-Mail : la-cogep@sentoo.sn
Shortform Name
Cogep
SENIOR COMPANY
PERSONNEL
Name Position
1. Olivier Franzen
Bourgi Managing Director
2. Jean Ruk Technical Director
3. Malick Gueye Chief Accountant
Total Employees
25
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
Senegal importers.
Opinion on maximum credit
: CFA Fr 10,000,000
Trade risk assessment :
Normal
PRINCIPAL BANKERS
NAME :
CREDIT LYONNAIS
Branch :
Bd. Pinet Laprade
Town :
Dakar
Telephone : (221) 823 1008 / 832 0424
Fax :
(221) 823 1008
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
CFA Fr 300,000,000 - 2006 - exact
: CFA Fr 350,000,000 - 2007 - projected
Net Propfit :
not given
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 1999
C.R. No. : 99B194
Ninea : 03308372C3
Capital : CFA Fr 60,000,000
Societe Anonyme (joint
stock company) with the following shareholders :
1. Olivier Franzen Bourgi
2. Undisclosed
shareholders
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers and
distributors of paints and varnishes.
Imports from European
countries.
FACILITIES
The Company has the
following facilities :
Offices, factory and
storage facilities located at the heading address.
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 |
|