MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE KABALANE ET CIE SA |
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Registered Office : |
Boulevard Valery Giscard D'Estaing, a 200 m du Palais des Sports, P. O. Box 05 BP 1248, |
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Country : |
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Date of Incorporation : |
1969 |
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Com. Reg. No.: |
CI-ABJ-1968-B-6033 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Importers, wholesalers and retailers of car spare parts and
accessories. |
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 50,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SOCIETE KABALANE ET CIE
SA
ADDRESS
Street :
Boulevard Valery Giscard D'Estaing, a 200 m du Palais des Sports
P.O. Box :
05 BP 1248
Town :
Country :
Telephone :
(225) 2175 9350/1 / (225) 0707 8364 / 0707 8362 (mobile)
Fax : (225) 2124 0782
E-Mail : kabalane@africaonline.co.ci /
direct.kabalane@africaonline.c
SENIOR COMPANY
PERSONNEL
Name Position
1. Joseph Kabalane President
2. Charbel Kabalane Managing
Director
3. Leon Yao Human Resources Manager
Total Employees
86
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
We consider it is
acceptable to deal with subject for MEDIUM amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Opinion on maximum credit
: CFA Fr 50,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONALE POUR LE COMMERCE ET L'INDUSTRIE DE LA
Branch :
Avenue Franchet d'Esperey
PO Box :
01 BP 1298
Town :
Abdijan
Telephone : (225) 2020 1600
Fax :
(225) 2020 1700
The company also has an
account with the following bank :
Societe Generale de
Banques en
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr 3,000,000,000 - 1998 - exact
: not given -
1999 - 2003
: CFA Fr 3,864,174,430 - 2004 - exact
: CFA Fr 3,472,372,644 - 2005 - exact
: CFA Fr 3,550,000,000 - 2006 - exact
Net Profit :
not given - 1998 - 2002
Net Loss :
not given - 2003
Net Profit :
CFA Fr 78,884,277 - 2004 - exact
: CFA Fr 37,767,404 -
2005 - exact
: CFA Fr 60,000,000 -
2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 1969
History : Subject was
established in 1969 as a Societe A Responsabilite Limitee (Limited Liability Company).
In 2002 subject changed its legal status into a Societe Anonyme (Joint Stock
Company).
C.R. No. :
CI-ABJ-1968-B-6033
Paid up Capital : CFA Fr
216,200,000 (increased from CFA Fr 150,000,000 in 2002)
Societe Anonyme (joint
stock company) with the following shareholders :
1. Joseph Kabalane
2. Charbel Kabalane
3. Antoine Kabalane
4. Bouni Aka
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of car spare parts and accessories.
Subject also provides
repair services.
Distributors for
Goodyear.
Imports worldwide.
FACILITIES
The Company has the
following facilities :
Rented offices, retail
outlet and a repair unit with integrated storage facilities located at the
heading address.
Subject has further two
depots in Zone 4 and Treicheville.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)