MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
BUROPA SARL |
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Registered Office : |
Rue de l'Arbre du Tenere, P. O. Box 10651, Niamey |
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Country : |
Niger |
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Date of Incorporation : |
24 August 1978 |
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Com. Reg. No.: |
359/R |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, retailers and distributors of office paper products, furniture, software, computer equipment and photocopy machines for offices and schools. |
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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Status : |
Satisfactory
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Payment Behaviour : |
No
Complaints |
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Litigation : |
Clear |
COmpany NAME
BUROPA SARL
ADDRESS
Street : Rue de l'Arbre du Tenere
P.O. Box : 10651
Town : Niamey
Country : Niger
Telephone : (227 20) 732 137 / 733 834 / 732 199
Fax : (227 20) 733 904
E-Mail : buropa@intnet.ne
Shortform Name
BUROPA
SENIOR COMPANY
PERSONNEL
Name Position
1. Yassine Saad Managing Director
2. Faten Saad (Mrs) Director
(wife of Yassine Saad)
3. L.H. Soulay Chief Accountant
Total Employees
40
PAYMENTS
No complaints have been heard regarding payments from local suppliers or banks.
Subject is a well established family owned business operating since 1978.
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 Niger importers.
Opinion on maximum credit : CFA Fr 30,000,000
Trade risk assessment : Normal
PRINCIPAL BANKERS
NAME : BIAO NIGER
Branch : Main Branch
Town : Niamey
Telephone : (227 20) 733 101 / 733 102
The Company also has an account with the following banks :
1. Sonibank
BP 891
Niamey
Tel: (227 20) 734 740
2. Bank of Africa-Niger
BP 10973
Niamey
Tel: (227 20) 733 246
3. Ecobank
BP 13804
Niamey
Tel: (227 20) 737 181
FINANCIAL INFORMATION
Balance sheets are not available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr 2,000,000,000 - 1998 - exact
: CFA Fr 1,638,641,090 - 1999 - exact
: CFA Fr 1,577,725,190 - 2000 - exact
: CFA Fr 1,694,000,000 - 2001 - exact
: CFA Fr 1,968,480,000 - 2002 - exact
: CFA Fr 2,000,000,000 - 2003 - exact
: CFA Fr 2,000,000,000 - 2004 - exact
: not given - 2005
: CFA Fr 2,000,000,000 - 2006 - approx
Net Profit : CFA Fr 17,113,027 - 1999 - exact
: CFA Fr 25,064,081 - 2000 - exact
: CFA Fr 25,000,000 - 2001 - approx
: CFA Fr 30,908,000 - 2002 - exact
: CFA Fr 35,000,000 - 2003 - exact
: CFA Fr 35,000,000 - 2004 - exact
: not given - 2005 - 2006
Financial year ends 31 December.
LEGAL STATUS AND
HISTORY
Date Started : 24 August 1978
History : Subject was established in 1978 as a Proprietorship owned by Yassine Saad. Subject
was converted into a Limited Liability Company in 1997.
C.R. No. : 359/R
Tax No. : 292038
Paid up Capital : CFA Fr 10,000,000
Societe a Responsibilite Limitee (Limited Liability Company) with the following shareholders :
Percentage
1. Yassine Saad 51 %
2. Haloui Saten 49 %
ACTIVITIES
The Company is involved in the following activities :
Importers, retailers and distributors of office paper products, furniture, software, computer equipment and photocopy machines for offices and schools.
Distributors for Nec, Epson, Riso, AEG, Olympia, Xerox, Hewlett Packard and Elba.
Imports from Germany, France, Spain, Italy and UK.
FACILITIES
The Company has the following facilities :
Owned premises, comprising offices, shop and storage facilities at the heading address.
Subject also has a branch office located at Rond Point Maourey in Niamey.
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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