MIRA
INFORM REPORT
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Report Date : |
15.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOPRODAL SARL |
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Registered Office : |
Rue
Vincens No. 67, P. O. Box 3657, Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
1978 |
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Com. Reg. No.: |
97 B 972 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers
and distributors of sports clothing and equipment as well as food products. |
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
40,000,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
CO NAME
SOPRODAL SARL
ADDRESS
Street : Rue Vincens No. 67
P.O. Box :
3657
Town : Dakar
Country : Senegal
Telephone :
(221) 822 1755 / 638 6883
(mobile)
Fax : (221) 821 2399
SENIOR COMPANY
PERSONNEL
Name Position
1. Hassan Houdrouge President
/ Managing Director
2. Nader Houdrouge Deputy
Managing Director
Total Employees
25
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a well
established family owned company, operating since 1978 and is engaged in the
distribution of food products and sports clothes.
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
Senegalese importers.
Opinion on maximum credit
: CFA Fr 40,000,000
Trade risk assessment : Normal
Opinion on the credit
figure of EURO 400,000 :
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 :
SOCIETE GENERALE DES BANQUES AU SENEGAL
Branch :
Av. President Leopold Sedar Senghor
PO Box :
323
Town :
Dakar
Telephone : (221) 839 5500
Fax :
(221) 823 9036
Acc No :
00500153127458
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr 1,000,000,000 - 2001 - exact
: CFA Fr 1,000,000,000 - 2002 - exact
: CFA Fr 1,300,000,000 - 2003 - exact
: CFA Fr 2,000,000,000 - 2004 - exact
: CFA Fr 2,500,000,000 - 2005 - exact
: CFA Fr 3,000,000,000 - 2006 - exact
Net Profit : not given - 2001 - 2005
: CFA Fr 180,000,000 -
2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 1978
History : Subject was established in 1978.
C.R. No. : 97 B 972
Capital : CFA Fr 10,000,000
Societe a Responsibilite
Limitee (Limited Liability Company) with the following shareholders :
1. Hassan Houdrouge
(majority shareholder)
2. Nader Houdrouge
(son of the above)
3. Other members of the
Houdrouge family
Affiliated companies of
Soprodal Sarl :
Associates
Societe Immobiliere Hei
Alia Sarl
Dakar
ACTIVITIES
The Company is involved
in the following activities :
Importers and
distributors of sports clothing and equipment as well as food products
(specializing in frozen food).
Imports from France,
Argentina, The Netherlands, India, USA, Brazil, Ivory Coast, Belgium, Canada
and Singapore.
FACILITIES
The Company has the
following facilities :
Owned premises comprising
administrative offices, two buildings with cold storage facilities (one of 313
square metres and the other one of 420 square metres), a shop and storage
facilities at the heading address.
Subject also has a
warehouse at Rond Point, Cyrnos Face Mole 10, and an office at 132 Rue Moussa
Diop (opened in 2005).
SPECIAL NOTE
The address which you
provided applies to subject's warehouse address. Please note the principal
address is as per heading.
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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