MIRA
INFORM REPORT
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Report Date : |
12th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE
HUET SERVICING |
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Formerly Known as: |
ETABLISSEMENTS
HUET SERVICING |
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Registered Office : |
Nare Rasmare, Rue Joseph Badoa, P.O. Box: 01 BP 6928, Ouagadougou 01, Burkina Faso |
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Country : |
Burkina
Faso |
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Date of Incorporation : |
1996 |
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Com. Reg. No.: |
RCCM-BF-OUA-2001-B-753 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers,
exporters and wholesalers of stationery, office supplies and consumables and
IT 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 : |
CFA Fr
15,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
SOCIETE HUET SERVICING
ADDRESS
Building :
Nare Rasmare
Street : Rue Joseph Badoa
P.O. Box :
01 BP 6928
Town : Ouagadougou 01
Country : Burkina Faso
Telephone :
(226) 5031 2518
Fax : (226) 5031 3311
E-Mail : huetaa@yahoo.fr
Formerly Known As : Etablissements Huet Servicing
SENIOR COMPANY PERSONNEL
Name Position
Antoine Azar Managing Director
Total Employees : 8
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
Burkina Faso importers.
Opinion on maximum credit
: CFA Fr 15,000,000
Trade risk assessment :
Normal
Opinion on the credit
figure of EURO 100,000:
The above figure is much
higher than normally seen in one amount, however could prove admissible in a
series of transactions provided the total indebtedness is strictly monitored.
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONALE POUR LE COMMERCE, L'INDUSTRIE
ET L'AGRICULTURE DU BURKINA (BICIA-B)
Branch :
Avenue Kwame N’Krumah No. 479
PO Box :
01 BP 8
Town :
Ouagadougou 01
Telephone : (226) 5031 3131
Fax :
(226) 5031 1955
Acc. No. : 9064010112101/81
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
CFA Fr 300,000,000 - 2001 - exact
: CFA Fr 350,000,000 - 2002 - exact
: CFA Fr 400,000,000 - 2003 - approx
: CFA Fr 500,000,000 - 2004 - exact
: CFA Fr 700,000,000 - 2005 - exact
: CFA Fr 620,000,000 - 2006 - exact
Net Profit : not given
Financial year ends 31
December.
LEGAL STATUS AND HISTORY
Date Started : 1996
History
: The company was originally established in 1996 as a proprietorship business
namely "Etablissements Huet Servicing". In 2001 subject changed its
legal status into a Societe A Responsabilite Limitee (Limited Liability Company
and adopted the present style.
C.R. No. :
RCCM-BF-OUA-2001-B-753
Paid up Capital : CFA Fr
2,000,000
Societe a Responsibilite
Limitee (Limited Liability Company) with the following shareholders :
1. Antoine Azar
2. Undisclosed private
shareholders
ACTIVITIES
The Company is involved
in the following activities :
Importers, exporters and
wholesalers of stationery, office supplies and consumables and IT materials.
Representative for Armor,
France.
Overseas suppliers also
include :
- Claire Fontaine, France
- Schneider, Germany
- Pelican, France
- Exacompta
Imports from France,
Germany, Italy, China and Lebanon.
Exports occasionaly to
Niger.
FACILITIES
The Company has the
following facilities :
Owned offices, wholesale
outlet 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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