MIRA
INFORM REPORT
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Report Date : |
22nd
February, 2007 |
IDENTIFICATION
DETAILS
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Correct Name : |
SOCIETE
COMMERCIALE BARRO ET COMPAGNIE SA |
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Registered Office : |
Rue du Gouverneur William Ponty, Porte 2534, P.O. Box: 01 BP 573, Bobo Dioulasso 01, Burkina Faso |
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Country : |
Burkina
Faso |
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Date of Incorporation : |
1979 |
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Com. Reg. No.: |
RCCM-BF-BD-2000-B-202 |
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Legal Form : |
Joint
Stock Company |
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Line of Business : |
Ø Importers and wholesalers of commodities such as
rice, sugar, salt, soap and palm oil. Ø Subject also deals in animal feed and food
supplements. Ø
Subject
engages in merchandise, petroleum products and passengers transportation. |
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
80,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
COMPANY NAME
SOCIETE COMMERCIALE BARRO
ET COMPAGNIE SA (Correct)
STE BARRO & CIE
(Requested)
ADDRESS
Street : Rue du Gouverneur William Ponty, Porte 2534
P.O. Box : 01 BP 573
Town : Bobo Dioulasso 01
Country : Burkina Faso
Telephone : (226) 2097 2043 / 2097 1362 / (226) 7882 7430 (mobile)
Fax : (226) 2097 2238 / 2097 2128
E-Mail : gsoba@fasonet.bf
Shortform Name :
SOBA
Also Known As :
Soba Alimentation
SENIOR COMPANY PERSONNEL
Name Position
1. L. H. Dianguinaba
Barro President / Managing Director
2. Mamadou Barro Administrative
& Financial Director
Total Employees : 172
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for MEDIUM 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 80,000,000
Trade risk assessment:
Normal
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONALE DU BURKINA (BIB)
Branch :
Agence Principale de Bobo Dioulasso
PO Box :
01 BP 151
Town :
Bobo Dioulasso 01
Telephone : (226) 2097 0501 to 05
The company also has an
account with the following banks:
1. Ecobank Burkina Faso
2. Banque Internationale
pour le Commerce, l'Industrie et
l'Agriculture du Burkina SA (BICIA)
3. Banque Agricole et
Commerciale du Burkina (BACB)
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr 3,411,936,586 - 1994 -
exact
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CFA Fr 4,260,000,000 - 1995 - exact
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CFA Fr 4,580,000,000 - 1996 - exact
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CFA Fr 4,500,000,000 - 1997 - exact
: not given - 1998 - 2004
: CFA Fr 5,459,228,284 - 2005 - exact
: CFA Fr 6,000,000,000 - 2006 - approx *
Net Profit :
CFA Fr 30,000,000 - 1994 - exact
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CFA Fr 55,000,000 - 1995 - exact
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CFA Fr 37,182,000 - 1996 - exact
: CFA Fr
37,000,000 - 1997 - exact
: not given - 1998 - 2006
Financial Year ends 31
December.
* unaudited
LEGAL STATUS AND HISTORY
Date Started : 1979
History : The company was incorporated in
Burkina Faso in 1979.
C.R. No. : RCCM-BF-BD-2000-B-202 (formerly
1274)
Fiscal ID No. : 00004634-S (formerly 79300189/O)
Authorised & Paid up
Capital : CFA Fr 271,550,000 (increased from CFA Fr 161,000,000)
Societe Anonyme (joint
stock company) with the following shareholders :
1. L.H. Dianguinaba
Barro
2. Mamadou Barro
3. Other members of the
Barro family
ACTIVITIES
The Company is involved
in the following activities :
- Importers and
wholesalers of commodities such as rice, sugar, salt, soap and palm oil.
- Subject also deals in
animal feed and food supplements.
- Owners and operators of
a bakery 'Soba Alimentation'.
- Owners of the 'Soba
Hotel' in Bobo Dioulasso.
- Subject engages in
merchandise, petroleum products and passengers transportation.
Imports from France,
Taiwan, Switzerland, UK and Brazil (through France).
FACILITIES
The Company has the
following facilities :
300 square metre owned
premises, comprising storage facilities and administrative offices located at
the heading address.
Subject owns a branch
office in Ouagadougou (See 'Branch Offices' below).
Subject also owns 3
garages in Bobo Dioulasso, Orodara and Banfora and a hotel in Bobo Dioulasso.
Subject owns a fleet of
30 delivery trucks, 10 cistern trucks and 5 buses.
BRANCH OFFICES
01 BP 5378
Ouagadougou 01
Tel : (226) 5030 6301
Fax : (226) 5030 1879
SPECIAL NOTE
You provided the
following bank details :
Bank Of Africa, Bobo
Dioulasso Branch, Acc. No. : 2092320000, Swift code : AFRIBFBF through Natexis
bank France Swift code : CCBPFRPP, LC No. : 0573000360107 Date 31 January 2007.
Subject stated that the
company does not have an account with Bank Of Africa and/ or Natexis in France.
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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