MIRA
INFORM REPORT
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Report Date : |
21.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SONICO IMPEX |
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Registered Office : |
Petrofa, Rue Grand |
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Country : |
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Date of Incorporation : |
2005 |
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Com. Reg. No.: |
OUA-2005 B350 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers and retailers of textiles and foodstuff. |
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 5,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SONICO IMPEX
ADDRESS
Building :
Petrofa
Street : Rue Grand
P.O. Box :
01 BP 546
Town :
Province :
Kadiogo
Country :
Telephone :
(226) 5030 7360
Fax : (226) 5033 0849
E-Mail : soniexbf@yahoo.com
SENIOR COMPANY
PERSONNEL
Name Position
Rajesh Punjabi Managing
Director
Total Employees
6 (permanent)
8 (casual)
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 5,000,000
Trade risk assessment :
It is normal accepted
practice for international suppliers to deal on secured terms with
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONAL POUR LE COMMERCE L'INDUSTRIE ET L'AGRICULTURE DU
BURKINA (BICIA-B)
Branch :
Avenue Krumah No. 479
Town :
Telephone : (226) 5030 6226
Acc. No. : 90530120450117
FINANCIAL INFORMATION
Private companies in
Sales Turnover : CFA Fr 264,000,000 - 2006 - exact
Net Profit :
CFA Fr 6,000,000 - 2006 - exact
LEGAL STATUS AND
HISTORY
Date Started : 2005
C.R. No. : OUA-2005 B350
Capital : CFA Fr
2,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Rajesh Punjabi
2. Members of the Punjabi
family
ACTIVITIES
The Company is involved
in the following activities :
Trading as importers and
retailers of textiles and foodstuff.
Imports from
FACILITIES
The Company has the
following facilities :
Rented office and warehouse
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%)