MIRA INFORM REPORT

 

 

Report Date :

25th January, 2007

 

IDENTIFICATION DETAILS

 

Name :

ETS SANA ABDOUL RASMANE

 

 

Registered Office :

Av. de L'Umeolobsom, P.O. Box:  01 BP 3441, Ouagadougou 01, Burkina Faso.

 

 

Country :

Burkina Faso

 

 

Date of Incorporation :

1978

 

 

Com. Reg. No.:

1826

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Importers, exporters, wholesalers and retailers of paints, tyres and brakes and general foodstuff.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

CFA Fr 15,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

COMPANY NAME

 

ETS SANA ABDOUL RASMANE

 

 

ADDRESS

 

Street                           :  Av. de L'Umeolobsom

P.O. Box           :  01 BP 3441

Town                 :  Ouagadougou 01

Country             :  Burkina Faso

Telephone         :  (226) 5033 7321 / residence 5037 0027 (226) 7021 2533 (mobile)

Fax                   :  (226) 5033 7321

E-Mail               :  abdoul@emailcom.fr

 

 

SENIOR COMPANY PERSONNEL

 

Name                                        Position

 

Sana Abdoul Rasmane               Manager / Owner

 

 

Total Employees : 7

 

 

PAYMENTS

 

No complaints have been heard regarding payments from local suppliers or banks.

 

Subject is a very well established proprietorship 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 Burkina Faso importers.

 

Opinion on maximum credit        : CFA Fr 15,000,000

 

Trade risk assessment               : Normal

 

 

PRINCIPAL BANKERS

 

NAME               : SOCIETE GENERALE DE BANQUES SA

Branch              : 4 Rue du Marche

Town                 : Ouagadougou

Telephone         : (226) 5032 3232

Fax                   : (226) 5031 0561

 

The company also has an account with the following bank :

 

Ecobank

 

 

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 500,000,000 - 2002 - exact

                                    : CFA Fr 800,000,000 - 2003 - exact 

                                    : CFA Fr 600,000,000 - 2004 - exact

                                    : CFA Fr 300,000,000 - 2005 - exact *

                                    : CFA Fr 350,000,000 - 2006 - exact

 

Net Profit                        : not given, but stated to be profitable

 

Financial year ends 31 December.

 

* Decrease in Sales turnover due to less import and more competition.

 

 

LEGAL STATUS AND HISTORY

 

Date Started      : 1978

 

C.R. No.            : 1826

 

Capital              : not applicable

 

 

Affaire Personnelle (Proprietorship) owned by Sana Abdoul Rasmane.

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Importers, exporters, wholesalers and retailers of paints, tyres and brakes and general foodstuff.

 

Imports from France, Tunisia and USA.

 

Exports to Niger.

 

 

FACILITIES

 

The Company has the following facilities :

 

Office premises, retail outlet and storage facilities located at the heading address. Subject also has a small retail outlet with storage facilities in Kaya.

 

RATING EXPLANATIONS

 

 

RATING

STATUS

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions