MIRA
INFORM REPORT
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Report Date : |
21.07.2007 |
IDENTIFICATION DETAILS
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Name : |
SENATOR GLOBAL MERCHANTS LIMITED |
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Registered Office : |
10 rue du Champagne Ajambakome, |
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Country : |
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Date of Incorporation : |
2002 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading in general merchandise. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COmpany NAME
SENATOR GLOBAL MERCHANTS
LIMITED
ADDRESS
Street : 10 rue du Champagne Ajambakome
P.O. Box :
6270
Town :
Country :
Telephone :
(228) 927 8255 / 948 4611
Fax : (228) 222 2252
E-Mail : senatorglobal@yahoo.com
SENIOR COMPANY
PERSONNEL
Name Position
Oukaku Nmaju Managing
Director
Total Employees
2
PAYMENTS
Current trade experience of
payments has not been traced.
Our sources report that
the name "Senator Global Merchants Limited" cannot be traced at the
local Chamber of Commerce and Companies' Registry.
No full address or
telephone or fax number is listed for the company under the name "Senator
Global Merchants Limited".
Subject's name does not
appear in reference books or trade directories consulted and is unknown in the
local market.
Subject's name only
appear in international business web site.
Subject declined to
provide its registration number and financial information.
Local sources advise that
it may be a fraudulent business.
Opinion on maximum credit
: In the circumstances we recommend international suppliers deal on a strictly
cash or prepaid basis.
Trade risk assessment :
No classification
Opinion on the credit
figure of US DLRS 10,000:
See above comments.
It is normal accepted
practice for international suppliers to deal on secured terms with
PRINCIPAL BANKERS
NAME :
ECOBANK TOGO SA
Branch :
20 Rue du Commerce
PO Box :
3302
Town :
Telephone : (228) 221 7214
Fax :
(228) 221 4237 / 221 7319
Our sources contacted the
above bank, its officials stated that subject does not have an account with the
bank.
LEGAL STATUS AND
HISTORY
Date Started : 2002 (as
stated by subject)
Capital : not given
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Oukaku Nmaju
2. undislosed
shareholders
ACTIVITIES
The Company is involved
in the following activities :
Trading in general
merchandise.
FACILITIES
The Company has the
following facilities :
Office located at the
heading address (as stated by subject).
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%)