MIRA
INFORM REPORT
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Report Date : |
20.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE
DES EAUX MINERALES DU MALI SA |
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Registered Office : |
Zone
Industrielle, P.O. Box - 324, Town –
Bamako |
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Country : |
Mali |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
1974 |
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Com. Reg. No.: |
Ma-BKO-2005-B-4493 |
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Legal Form : |
Joint
Stock Company |
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Line of Business : |
Producers
of mineral water |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
CO. NAME
SOCIETE DES EAUX MINERALES DU MALI SA
ADDRESS
Area : Zone Industrielle
P.O. Box
: 324
Town : Bamako
Country : Mali
Telephone :
(223) 221 3664
Fax : (223) 221 5874
Shortform
Name : SEMM
SENIOR COMPANY
PERSONNEL
Name Position
1. Cyril
Achcar General Manager
2. Roger
Achcar Assistant Manager
Total Employees
35
(subject)
1,000
(group)
PAYMENTS
No
complaints have been heard regarding payments from local suppliers or banks.
Subject
is a member of the Achcar Group, a long established and well known group of
companies in Mali.
We
consider it is acceptable to deal with subject for MEDIUM amounts, although it
is normal practice for international suppliers to deal on secured terms with
Mali importers.
Opinion
on maximum credit : CFA Fr 100,000,000
Trade
risk assessment : Normal
Opinion
on the credit figure of EURO 250,000:
The
above figure is higher than normally seen in one amount, however could prove
admissible if split into two transactions provided the total indebtedness is
strictly monitored.
PRINCIPAL BANKERS
NAME :
ECOBANK
Branch :
Main Branch
PO
Box :
E 1272
Town :
Bamako
Telephone : (223) 233 300
Subject
also has an account with:
Banque
International Pour Le Commerce Et L'Industrie Au Mali Immeuble Nimagala PO Box
B72 Bamak
Telephone : (223) 233 369 / 233 368 / 233 371
Fax :
(223) 233 373
FINANCIAL INFORMATION
Balance
sheets are not available. However, the subject interviewed offered the
following information :
Sales
Turnover : CFA Fr 3,875,000,000 - 2005 - exact
: CFA Fr 4,000,000,000 - 2006 - exact
Net
Profit : CFA Fr
64,937,000 - 2005 - exact
: CFA Fr
100,000,000 - 2006 - exact
Financial
year ends 31 December.
LEGAL STATUS AND
HISTORY
Date
Started : 1974
C.R. No.
: Ma-BKO-2005-B-4493
TVAN No : 087800054F
Paid up
Capital : CFA FR 280,000,000
Societe
Anonyme (Joint stock company) with the following shareholders :
1.
Gerard Achcar
2. Alain
Achcar
3. Roger
Achcar
4. Other
members of the Achcar Family
Affiliated companies
of Societe Des Eaux Minerales Du Mali Sa
Associates
1.
Societe des Detergents du Mali SARL - SODEMA
Zone Industrielle de Sotuba, porte 2410
PO Box 324 / 2799
Bamako
Mali
Telephone :
(223) 221 4269 / 221 2246
Fax
: (223) 221 2012
2.
Grande Confisserie du Mali
Route de Sotuba
Zone Industrielle
P.O. Box : 324
Bamako
Mali
Telephone :
(223) 221 3664 / 221 5768 / 221 5464
Fax
: (223) 221 5874
(Merged with Societe Malienne de
Biscuiterie et Pates Alimentaires
SA - Somabipal in 1996)
3.
Grands Moulins du Mali
4.
Omnium Mali SA
P.O. Box : 324
Bamako
Mali
1.
Societe Malienne de Biscuiterie et Pates Alimentaires SA -
Somabipal
Route Sotuba
Zone Industrielle
PO Box 324
Bamako
Mali
Tel :
(223) 221 3664 / 221 5768
Fax :
(223) 251 8514
2. Ets
Achcar - Ridal
P.O. Box : 324
Bamako
Mali
Tel :
(223) 223664 / 225768
Fax
: (223) 258514
3.
Societe des Detergents du Mali SARL - SODEMA
Zone Industrielle de Sotuba
PO Box 324
Bamako
Mali
Tel :
(223) 221 2933 / 221 7335 / 221 7337 / 221 2246
Fax :
(223) 221 2933
4.
Grands Moulins du Mali
5. L'Eau
Mineral du Mali
Subject engages in production of mineral
water and juices
6. Gam
Transit SA
7.
Grande Confisserie du Mali
Route de Sotuba
Zone Industrielle
PO Box 324
Bamako
Mali
Telephone :
(223) 221 3664 / 221 5768 / 221 5464
Fax
: (223) 221 5874
(Merged with Societe Malienne de
Biscuiterie et Pates Alimentaires
SA - Somabipal in 1996)
ACTIVITIES
The
Company is involved in the following activities :
Producers
of mineral water.
Imports
from France, Germany, UK and other European countries.
FACILITIES
The
Company has the following facilities :
Several
administrative offices, manufacturing facilities and warehouse located at the
heading address, at Zone Industrielle.
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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