MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
AFRIK TRADE SA |
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Registered Office : |
Avenue Charles de Gaulle, |
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Country : |
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Date of Incorporation : |
December 2005 |
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Com. Reg. No.: |
CC-NDJ-2006-B-290 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Importers, wholesalers and retailers of foodstuff and 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 : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COmpany NAME
AFRIK TRADE SA (Correct)
AFRIK TRADE (Requested)
ADDRESS
Street : Avenue Charles de Gaulle
P. O. Box :
174
Town : N'Djamena
Country :
Telephone :
(235) 515 421 / (235) 629 2400 (mobile)
Fax : (235) 516 249
E-Mail : elbi-elbi1@yahoo.fr
Prefecture
Chari-Baguimi
SENIOR COMPANY
PERSONNEL
Name Position
1. Hussein Al
Khalaoui Managing Director
2. Abdelkader
Tchomoko Sales Manager
Total Employees
20
PAYMENTS
Current trade experience
of payments has not been traced.
Subject is a newly
established company (2005) which started trading in December 2006.
Opinion on maximum credit
: As the company has recently started trading and has no financial record, we
recommend dealing on fully secured terms.
Trade risk assessment: No
classification
Opinion on the credit figure
of EURO 400,000 :
See above comments.
It is normal accepted
practice for international suppliers to deal on secured terms with Chadian
importers.
PRINCIPAL BANKERS
NAME :
BANQUE COMMERCIAL DU CHARI SA (BCC)
Branch :
Main Branch
Street : Avenue Charles de
Gaulle
P.O. Box : 757
Town :
N'Djamena
Telephone : (235) 518 958 / 515 231 / 519 660
Fax :
(235) 516 249
E-mail :
bcc@intnet.td
FINANCIAL INFORMATION
As the Company has only
recently started trading, relevant financial information is not available.
LEGAL STATUS AND
HISTORY
Date Started : December
2005
History : The company was
incorporated in
C.R. No. :
CC-NDJ-2006-B-290
Authorised & Paid up Capital
: CFA Fr 10,000,000
Societe Anonyme (joint
stock company) with the following shareholders :
Percentage
1. Hussein Al
Khalaoui 50 %
2. Hugo De Charette 50 %
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of foodstuff and general merchandise.
Exporters of gum arabic.
Imports from The
Netherlands abd
Exports to
FACILITIES
The Company has the
following facilities :
Administrative offices
located at the heading address.
The company also has a
warehouse elsewhere in N'Djamena.
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%)