MIRA
INFORM REPORT
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Report Date : |
18.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE DE PAPETERIE AFRICAINE SARL |
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Registered Office : |
Rue Urbain Yamoego 177, En Face du Grand |
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Country : |
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Date of Incorporation : |
June 2001 |
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Com. Reg. No.: |
432213 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, wholesalers and retailers of stationery. |
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 10,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SOCIETE DE PAPETERIE
AFRICAINE SARL
ADDRESS
Street : Rue Urbain Yamoego 177
Area : En Face du Grand
P. O. Box :
01 BP 16
Town :
Province :
Kadiogo
Country :
Telephone :
(226) 5033 3805 / 5031 2590 / 5031 2011
Fax : (226) 5031 2010
E-Mail : spaproburo@hotmail.com / awi101@hotmail.com
Trading Styles
Spa Pro Buro
SENIOR COMPANY
PERSONNEL
Name Position
1. Wissam Azar Managing Director
2. Abdou Azar General Manager
Total Employees
15-20 (number fluctuates
according to work in hand)
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
Opinion on maximum credit
: CFA Fr 10,000,000
Trade risk assessment :
Opinion on the credit
figure of EURO 50,000 :
The above figure is
higher than normally seen in one amount, however could prove admissible in a short
series of transactions provided the total indebtedness is strictly monitored.
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONALE POUR LE COMMERCE, L'INDUSTRIE ET L'AGRICULTURE DU
BURKINA SA (BICIA)
Branch :
Main Branch
Street :
Avenue Kwame N'Krumah No. 479
PO Box :
01 BP 8
Town :
Telephone : (226) 5031 3131
Fax :
(226) 5031 1955
FINANCIAL INFORMATION
Balance sheets are not
available and the subject interviewed declined to give any financial information,
which the company regards as strictly confidential.
The following information
applies to subject's affiliate Ets Africatex :
Sales Turnover : CFA
Fr 2,300,000,000 - 2005 - approx
: CFA Fr 2,000,000,000 - 2006 - approx
Net Profit : not given
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : June 2001
History : The company was
incorporated in
C.R. No. : 432213
Authorised & Paid up
Capital : CFA Fr 10,000,000
Societe a Responsibilite
Limitee (Limited Liability Company) with the following shareholders :
1. Wissam Azar
2. Other unnamed
shareholders
Affiliated companies of
Societe de Papeterie Africaine SARL :
Associates
1.
2. Societe de Papeterie
Moderne
3.
4. Societe Azar Jean
5. Ets Africatex
Place du Grand
01 BP 784
Tel: (226) 5031 0156 / 5031 2011
Fax: (226) 5030 7753 / 5031 2010
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of stationery.
Imports from Europe and
FACILITIES
The Company has the
following facilities :
Administrative office,
storage facilities and retail shop located at the heading address.
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%)