MIRA
INFORM REPORT
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Report Date : |
18.07.2007 |
IDENTIFICATION DETAILS
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Name : |
AGAIN BOY SARL |
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Registered Office : |
Marche Dantokpa Hangar iv7-28, P. O. Box 06 BP
2405, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
23 April 1988 |
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Com. Reg. No.: |
14727B |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, exporters, wholesalers and retailers of spare parts,
batteries and tyres for cars and lorries. |
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 60,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
AGAIN BOY SARL
ADDRESS
Area :
P.O. Box :
06 BP 2405
Town :
Country :
Telephone :
(229) 2132 0976 / 2133 0434 (residence) / 2132 1178 / (229) 9090 0325 /
9002 0394 (mobile)
Fax : (229) 2132 5218
E-Mail : again_boy@yahoo.fr
SENIOR COMPANY
PERSONNEL
Name Position
1. El Hadji Ganiyou
Akinocho Managing Director
2. Bernard Odulami Commercial Manager
Total Employees
35 (subject)
45 (group)
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 60,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANK OF AFRICA -
Branch :
Central
Town :
Telephone : (229) 2131 3228 / 2131 3563
Subject also has an account
with the following bank :
Ecobank
Rue du Gouverneur Bayol
Telephone: (229) 2131
4023
Fax : (229) 2131 3385
FINANCIAL INFORMATION
Balance sheets are not
available. However, subject interviewed offered the following information
:
Sales Turnover : CFA Fr 2,000,000,000 - 1998 - exact
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CFA Fr 3,000,000,000 - 1999 - exact
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CFA Fr 2,906,789,285 - 2000 - exact
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CFA Fr 3,397,164,650 - 2001 - exact
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CFA Fr 3,400,000,000 - 2002 - exact
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CFA Fr 3,500,000,000 - 2003 - exact
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CFA Fr 4,000,000,000 - 2004 - exact
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CFA Fr 4,500,000,000 - 2005 - exact
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CFA Fr 4,300,000,000 - 2006 - exact
Net Profit :
CFA Fr 304,449,122 - 2000 - exact
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CFA Fr 234,406,237 - 2001 - exact
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not given but stated to be profitable - 2002 - 2003
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CFA Fr 300,000,000 - 2004 - exact
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CFA Fr 500,000,000 - 2005 - exact
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CFA Fr 450,000,000 - 2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 23 April
1988
History : Subject was
established in 1979 as a proprietorship and became a Limited Liability Company
in 1988. Subject was acquired by Mr El Hadji Ganiyou Akinocho in 1990.
C.R. No. : 14727B
VAT No. (INSAE No.) :
2446234072412
Paid up Capital : CFA Fr
25,000,000 (increased from CFA Fr 10,000,000)
Societe A Responsabilite
Limitee (Limited Liability Company) with the following sole shareholder :
El Hadji Ganiyou
Akinocho 100 %
(
Affiliated companies of
Again Boy Sarl :
Associates
Societe de Commerce
International a Benin SARL (SCIB)
(established in 2000.
Importers of foodstuff)
ACTIVITIES
The Company is involved
in the following activities :
Importers, exporters,
wholesalers and retailers of spare parts, batteries and tyres for cars and
lorries.
Since 2001 subject also
deals in frozen foodstuff, including chicken and since 2003 subject imports and
distributes oil products.
Imports from
Main brands : Peugeot
(spare parts for 505, 404 and 605)
Exports to
Overseas suppliers :
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Tel: 33 492726767
Fax: 33 492726766
- MAD,
Tel: 216 71434606
Fax: 216 71432822
- SBK International,
Tel: 216 71 288600
Fax: 216 71 286896
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Tel: 33 563021010
Fax: 33 563021296
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Tel: 82 26995442
Fax: 82 26906527
FACILITIES
The Company has the
following facilities :
400 square metre owned
administrative offices, retail outlet and storage facilities located at the
heading address.
Subject has further 2
branch offices in Sikedji,
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%)