MIRA
INFORM REPORT
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Report Date : |
18.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SONIEX SARL |
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Registered Office : |
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Country : |
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Date of Incorporation : |
October 2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Imports and retailers of electrical materials and textiles. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Closed Down |
COmpany NAME
SONIEX SARL
ADDRESS
P.O. Box :
01 BP 2606
Town :
Country :
Telephone :
(226 50) 307 360
Fax : (226 50) 330 849
Formerly Known As
Ets Rajesh Punjabi
SENIOR COMPANY
PERSONNEL
Name Position
1. Rajesh Punjabi Managing
Director
2. M. Litel Manager
Total Employees
3
PAYMENTS
Current trade experience
of payments has not been traced.
Subject was established
in 2000 and was engaged in retail of electrical materials it closed down in
March 2006.
The above address and
telephone numbers have been reallocated to a company under the name Sonico
Impex, a company under the name ownership.
Information provided in
our report was obtained from Mr Rajesh Punjabi who was the owner of the subject
and the current owner of Sonico Impex.
Opinion on maximum credit
: As the company is not longer trading, a question of credit will not arise
Trade risk assessment :
No classification (see above comments)
PRINCIPAL BANKERS
NAME :
SOCIETE GENERALE DE BANQUES SA
Branch :
4 Rue du
Town :
Telephone : (226 50) 323 232
FINANCIAL INFORMATION
As the Company has closed
down production, relevant financial information is not available.
LEGAL STATUS AND
HISTORY
Date Started : October
2000
History : The company was
established in 2000 and used to operate in retail of electrical materials it
closed down in March 2006.
Capital : CFA Fr
2,003,000
Societe a Responsibilite
Limitee (Limited Liability Company) with the following sole shareholder :
Rajesh Punjabi.
Affiliated companies of
Soniex Sarl :
Associates
Sonico Impex
P.O. Box : 01 BP 546
Kadiogo
Tel : (226 50) 307 360
Fax : (226 50) 330 849
ACTIVITIES
The Subject was involved
in the following activities :
Imports and retailers of
electrical materials and textiles
Subject used to imports
from
FACILITIES
The Subject had the
following facilities :
Owned administrative
offices, retail outlet and storage facilities situated in
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%)