MIRA
INFORM REPORT
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Report Date : |
28.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ETS BRIGHT HOPE INVESTMENT |
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Registered Office : |
Rue Kamina No. 19, |
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Country : |
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Date of Incorporation : |
2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Import and distribute foodstuff. |
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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COmpany NAME
ETS BRIGHT HOPE
INVESTMENT (Correct)
ETS BRIGHT HOPE
INUESTMENT (Requested)
ADDRESS
Street : Rue Kamina No. 19
P.O. Box :
4419
Town :
Country :
Telephone :
(228) 958 8034 / 925 8594
Fax :
(228) 222 0969
E-Mail : brighthope2004@hotmail.com
SENIOR COMPANY
PERSONNEL
Name Position
Inyima Mascot
Ukariwo Director
Total Employees
10 (as stated by subject)
PAYMENTS
Current trade experience
of payments has not been traced.
Subject has declined to
provide financial information or to reveal any details relative to the extent
of their operations.
Our sources report that
the name "Ets Bright Hope Investment" cannot be traced at the local
Chamber of Commerce.
No
full address or telephone or fax numbers are listed for the subject under the
name "Ets Bright Hope Investment" and subject's name does not appear
in reference books or trade directories consulted and is unknown in the local
market.
Our sources only traced
subject's company name in various international trade web sites.
Local sources advise that
subject may be a fraudulent business.
Please
note that scammers and bogus companies are common in
They will approach
"potential" supplier and place a purchase order.
They
will ask to complete a product registration form and provide false contacts of
Ministry and lawyers, using the same procedure of false physical address,
mobile and fax numbers. They will then ask you to pay the cost of registration
and send well elaborated false documents.
Scammers and bogus
companies frequently use the following tactics:
- An individual or
company receives a letter or fax from an alleged "official"
representing a foreign government or agency.
- An offer is made to
transfer millions of dollars in "over invoiced contract" funds into
your personal bank account.
- You are encouraged to
travel overseas to complete the transaction.
- You are requested to
provide blank company letterhead forms, banking account information,
telephone/fax numbers.
- You receive numerous
documents with official looking stamps, seals and logo testifying to the
authenticity of the proposal.
- Eventually you must
provide up-front or advance fees for various taxes, attorney fees, transaction
fees or bribes.
- Other forms schemes
include: c.o.d. of goods or services, real estate ventures, purchases of crude
oil at
reduced prices, beneficiary of a will,
recipient of an award and paper currency conversion.
Opinion on maximum credit
: In the circumstances we recommend international suppliers deal on a strictly
cash or prepaid basis.
Trade risk assessment: No
classification
It is normal accepted
practice for international suppliers to deal on secured terms with
PRINCIPAL BANKERS
Subject declined to name
its bankers.
FINANCIAL INFORMATION
Private
companies in
LEGAL STATUS AND
HISTORY
Date Started : 2004 (as
stated by subject)
C.R. No. : not given
Capital : not given
Subject states to be a
Societe a Responsibilite Limitee (limited liability company) with the following
sole shareholder :
Inyima Mascot
Ukariwo 100 %
ACTIVITIES
The Subject is involved
in the following activities :
Subject states to import
and distribute foodstuff.
Subject states to import
from The Netherlands,
FACILITIES
The Subject has the
following facilities :
Subject states to have an
office and storage facilities located at the heading address.
SPECIAL NOTE
You provided a mis-spelt
contact name as Ukaruno. Please note the correct spelling is Ukariwo.
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%)