MIRA
INFORM REPORT
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Report Date : |
16.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOSIEPA SAGARA SARL |
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Registered Office : |
Rue
Escarfait No. 24 angle Robert Brun, P. O. Box 28830 Medina, Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
May 2005 |
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Com. Reg. No.: |
2005-B-6483 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers, wholesalers and retailers of tea,
palm oil, pasta, margarine, beverages and biscuits. |
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
35,000,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SOSIEPA SAGARA SARL
ADDRESS
Street : Rue Escarfait No. 24 angle Robert Brun
P.O. Box :
28830 Medina
Town : Dakar
Country : Senegal
Telephone :
(221) 842 9970
Fax : (221) 842 9971
E-Mail : sosiepa@sentoo.sn
SENIOR COMPANY PERSONNEL
Name Position
1. Thierno Mohamadou
Diallo Managing Director
2. Ndiogo Ndiouga
Seck Director
Total Employees
10
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
Senegalese importers.
Opinion on maximum credit
: CFA Fr 35,000,000
Trade risk assessment : Normal
Opinion on the credit
figure of EURO 50,000 :
We consider the above
figure to be within the company's financial capabilities.
PRINCIPAL BANKERS
NAME :
COMPAGNIE BANCAIRE DE L'AFRIQUE OCCIDENTALE (CBAO)
Branch :
Main Branch
Street :
Place de l'Independance
PO Box :
129
Town :
Dakar
Telephone : (221) 839 9696
Fax :
(221) 823 2005
The company also has an
account with the following bank :
Ecobank
Avenue Leopold Sedar
Senghor No. 8
BP 9095
Dakar
Tel: (221) 849 2000
Fax: (221) 823 4707
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
CFA Fr 700,000,000 - 2005 - exact *
: CFA Fr 1,500,000,000 - 2006 - exact
Net Profit :
not given
Financial year ends 31
December.
* 8 month period
(May-December)
LEGAL STATUS AND
HISTORY
Date Started : May 2005
History : Subject's origins dated back in
2000 as a proprietorship business owned by Mr Ndiogo
Ndiouga Seck. The company was incorporated in Senegal in May 2005.
C.R. No. : 2005-B-6483
Fiscal ID No. : 2485664 2B2
Authorised & Paid up
Capital : CFA Fr 1,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following
Shareholders
Percentage
1. Ndiogo Ndiouga
Seck 40 %
2. Thierno Mohamadou
Diallo 20 %
3. One unnamed Gambian
national 40 %
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of tea, palm oil, pasta, margarine, beverages and biscuits.
Imports from China, Togo,
Ivory Coast, Tunisia and Morocco.
FACILITIES
The Company has the
following facilities :
Administrative offices,
showroom and storage facilities located at the heading address.
Subject also has 2
wholesales outlet with depots in Zone Sodida and Camberene, Dakar.
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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