MIRA
INFORM REPORT
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Report Date : |
5th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
INDUSTRIE DE TRANSFORMATION DE PLASTIQUE ET DE PRODUITS |
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Registered Office : |
Zone Industrielle d'Owendo Barracuda, P.O. Box: 4141, Libreville, Gabon |
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Country : |
Gabon |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
3840 B |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Manufacturers and distributors of paints
and chemical substances for industrial use. |
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
20,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No
Complaints |
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Litigation : |
Clear |
COMPANY NAME
INDUSTRIE DE
TRANSFORMATION DE PLASTIQUE ET DE PRODUITS
CHIMIQUES SARL (Correct)
INDUSTRAP GABON
(Requested)
ADDRESS
Area : Zone Industrielle d'Owendo Barracuda
P.O. Box :
4141
Town : Libreville
Country :
Gabon
Telephone :
(241) 703 612 / 704 759
Fax : (241) 703 731
E-Mail : industrap@hotmail.com
Shortform Name : Industrap SARL
SENIOR COMPANY PERSONNEL
Name Position
1. Ali Bachir President / Managing Director
2. Ali Roz General Manager
Total Employees : 20-25
(number fluctuates according to the work in hand)
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
Gabon importers.
Opinion on maximum credit
: CFA Fr 20,000,000
Trade risk assessment : Normal
Opinion on the credit
figure of UK PNDS 100,000 :
The above figure is
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 :
FINANCIAL BANK GABON
Branch :
Immeuble les Frangipaniers
P.O. Box :
20333
Town :
Libreville
Telephone :
(241) 775 078
Fax :
(241) 724 197
The company also has an
account with the following bank :
BICIG
Avenue du Colonel Parant
BP 2241
Libreville
Tel : (241) 762 613
Fax : (241) 746 410
Subject previously had an
account with BGFI bank, Libreville (Acc. No. : 072 806-01-X)
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr
700,000,000 - 2002 - exact
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CFA Fr 750,000,000 - 2003 - exact
: CFA Fr 1,000,000,000 - 2004 - approx
: CFA Fr 1,000,000,000 - 2005 - approx
Net Profit : not given
Financial year ends 31
December.
LEGAL STATUS AND HISTORY
Date Started : 1992
C.R. No. : 3840 B
Stat ID No. : 795728 / M
Paid up Capital : CFA Fr 90,000,000
Societe a Responsabilite
Limitee (Limited Liability Company) with the following shareholders :
Percentage
1. Ali Bachir 95 %
2. Other undisclosed
shareholders 5 %
Affiliated companies of
Industrie de Transformation de Plastique et de Produits Chimiques SARL :
Associates
1. Industrie de
Transformation de Plastique et de Produits
Chimiques SARL (Industrap)
Zone Industrielle de Yopougon
16 BP 294
Abidjan 16
Ivory Coast Republic
Tel:
(225) 2346 9015
Fax :
(225) 2346 7106
2. Almad Ltd
Lagos
Nigeria
Tel (234 1) 884 4681 / 881 305 (dormant)
ACTIVITIES
The Company is involved
in the following activities :
Manufacturers and
distributors of paints and chemical substances for industrial use.
Brand name : Peinture Trapeau
Main overseas suppliers : VEC International, France; Cosmos,
Falco and Frabo, Italy.
Imports from France,
Italy and Belgium.
FACILITIES
The Company has the
following facilities :
1,300 square metre rented
administrative offices, factory and warehouse located at the heading address.
SPECIAL NOTE
You enquired on :
Industrap Gabon
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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