MIRA
INFORM REPORT
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Report Date : |
20th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
GROUPE
3A TRANSPORT |
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Registered Office : |
Avenue
du Umeon 16-20, P.O. Box: 06 BP 9254,
Ouagadougou, Kadiogo, Burkina Faso. |
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Country : |
Burkina
Faso |
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Date of Incorporation : |
2000 |
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Legal Form : |
Limited
Liability Company |
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Line of Business : |
Importers,
distributors, wholesalers and retailers of building materials and hardware. |
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
25,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
CO. NAME
GROUPE
3A TRANSPORT
ADDRESS
Street : Avenue du Umeon 16-20
P.O. Box
: 06 BP 9254
Town : Ouagadougou
Province
: Kadiogo
Country : Burkina Faso
Telephone :
(226) 5038 5873 / 5031 5004 / 5031 5079
Fax : (226) 5043 0891 / 5031 5079
E-Mail : sogebt@fasonet.bf
SENIOR COMPANY PERSONNEL
Name Position
1.
Amidou Ouedraogo Managing Director
2.
Mahamoudou Ouedraogo Deputy Managing Director
Total
Employees : 32
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 Burkina Faso importers.
Opinion
on maximum credit : CFA Fr
25,000,000
Trade
risk assessment : Normal
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONAL DE BURKINA - BIB
Branch :
Main Branch
PO
Box :
362
Town :
Ouagadougou
Telephone : (226) 5030 6169
Fax :
(226) 5031 0094
The
company also has an account with the following bank :
Bank of
Africa.
FINANCIAL INFORMATION
Balance
sheets are not available. However, the subject interviewed offered the
following information :
Sales
Turnover : CFA Fr
400,000,000 - 2001 - exact
: CFA Fr
570,000,000 - 2002 - exact
: CFA Fr
650,000,000 - 2003 - exact
: CFA Fr
700,000,000 - 2004 - exact
: CFA Fr
900,000,000 - 2005 - exact
: CFA
Fr 1,000,000,000 - 2006 - exact
Net
Profit : not given
Financial
year ends 31 December.
LEGAL STATUS AND HISTORY
Date
Started : 2000
Paid up
Capital : CFA Fr 2,000,000
Societe
a Responsibilite Limitee (Limited Liability Company) with the following
shareholders :
1.
Mahmoudou Ouedraogo
2. Other
members of the Ouedraogo family
Affiliated companies of Groupe 3A Transport
:
Associates
Ets
Ouedraogo Hamidou - SOGEB-P(Societe Generale de
Batiment-Patarbyende)
Avenue Moamer
Boumedien
06 BP
9264
Ouagadougou
06
Tel : (226) 5031 5004
Fax : (226) 5031 5079
Est. in
1986
ACTIVITIES
The
Company is involved in the following activities :
Importers,
distributors, wholesalers and retailers of building materials and hardware.
Subject
also engages in transportation of merchandise.
Imports
from Tunisia, Morocco, Spain, Italy, France and China.
FACILITIES
The
Company has the following facilities :
Owned
800 square meter premises comprising offices, retail outlet and storage facilities
located at the heading address.
Subject
owns 10 lorries for the transportation activity.
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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