MIRA
INFORM REPORT
|
Report Date : |
28.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
EXODUS ENTERPRISES SARL |
|
|
|
|
Registered Office : |
Zone Industrielle No. 22, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
2000 |
|
|
|
|
Com. Reg. No.: |
CM-4032 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Import, wholesale and retail health and medical products, cosmetics and textiles. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
COmpany NAME
EXODUS ENTERPRISES SARL
(Correct)
EXODUS ENTERPRISES
(Requested)
ADDRESS
Street : Zone Industrielle No. 22
Town :
Province :
Littoral
Country :
Telephone :
(237) 7564 4986 (mobile)
Fax : (237) 3340 9466
E-Mail : ustan_co@yahoo.ca
SENIOR COMPANY
PERSONNEL
Name Position
Ustan Ofondu Director
Total Employees
7 (as stated by subject)
PAYMENTS
Current trade experience
of payments has not been traced.
Our sources report that
the name "Exodus Enterprises SARL" 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 "Exodus
Enterprises SARL" 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
NAME :
SOCIETE GENERALE DE BANQUE AU CAMEROUN SA (SGBC)
Branch :
Street :
Rue Joss No. 78
PO Box :
4042
Town :
Telephone : (237) 342 7010
The company also states to
have an account with the following bank :
Afriland Fisrt Bank
Akwa Branch
BP 3487
Tel: (237) 342 7697
Fax: (237) 342 7718
E-mail:
firstbank@afrilandfirstbank.com
FINANCIAL INFORMATION
Private companies in
Sales Turnover : US DLRS 700,000 - 2006 - exact *
Net Profit : not given
Financial year ends 31
December.
* as stated by subject
LEGAL STATUS AND
HISTORY
Date Started : 2000 (as
stated by subject)
C.R. No. : CM-4032 (as
stated by subject)
Capital : CFA Fr
1,500,000 (as stated by subject)
Subject states to be a
Societe a Responsibilite Limitee (limited liability company) with the following
shareholders :
1. Ustan Ofondu
2. One undisclosed
private shareholder
ACTIVITIES
The Subject is involved
in the following activities :
Subject states to import,
wholesale and retail health and medical products, cosmetics and textiles.
Subject states to import
from
FACILITIES
The Subject has the
following facilities :
Subject states to have an
office and storage facilities located at the heading address.
Subject states to have a
branch office in
SPECIAL NOTE
The mobile phone number
you provided '(237) 564 4986' is incomplete.
Please note the correct number is as per heading.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)