MIRA
INFORM REPORT
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Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
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Name : |
BATIMAT LTD |
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Registered Office : |
14 & 15 Highway Jeshwang, Kanifing Industrial Estate, Serrekunda, |
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Country : |
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Date of Incorporation : |
January 1999 |
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Com. Reg. No.: |
173/1993 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, wholesalers and retailers of building, plumbing
and electrical materials. |
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 : |
DALASI 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
BATIMAT LTD
ADDRESS
Street : 14 & 15 Highway Jeshwang
Area : Kanifing Industrial Estate, Serrekunda
P.O. Box : 3487
Town :
Country :
Telephone :
(220) 439 0246 / 972 937 (mobile)
Fax : (220) 437 2004
SENIOR COMPANY
PERSONNEL
Name Position
1. Hachem El Aly Managing
Director
2. Yaz Back Financial Director
Total Employees
25 (subject)
200 (group)
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject
was established in 1999 and it is a member of the Batimat Group (also known as
Fares Group), headquartered in the Senegal with members in Burkina Faso, Togo,
Ghana, Benin, Senegal, Niger and Ivory Coast, Cape Verde, Gabon.
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
Gambian importers.
Opinion on maximum credit
: DALASI 500,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
STANDARD CHARTERED BANK GAMBIA LIMITED
Branch :
PO Box :
259
Town :
Telephone : (220) 228 681
Fax :
(220) 227 714
Acc. No. : 010020955401
The Company also has an
account with:
1. Guaranty Trust Bank
Tel: (220) 422 4521
Fax: (220) 422 4495
2. Trust Bank Ltd.
Tel: (220) 225 777
Fax: (220) 225 781
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : DALASI 17,000,000 - 2003 - exact
: DALASI 17,000,000 - 2004 - exact
: DALASI 18,000,000 - 2005 - exact
: DALASI 20,000,000 - 2006 - exact
Net Profit : not given but stated to be
profitable
Financial year ends 31
March.
LEGAL STATUS AND
HISTORY
Date Started : January 1999
C.R. No. : 173/1993
Authorised & Paid up
Capital : DALASI 10,000
Limited Liability Company
with the following shareholders :
Percentage
1. Mohamed Fares 34 %
2. Mokhedine Fares 33 %
3. Nabil Dalank 33 %
Affiliated companies of
Batimat Ltd :
Associates
1. Literie Senegalaise
Sarl
Rue Galandou Diouf, 61
BP 7020
Tel: (221) 224814 / 229486
Fax: (221) 210224
Established in 1962
(Importers of bedding, building materials
and hardware)
2. Batimat Dakar
Rue Mousse Diop 55
BP 7020
Tel: (221) 229486 / 224814
Fax: (221) 210224
(Established on December 1986
Capital : CFA Fr 22,000,000)
3. Delta Medical
Rue Mousse Diop 57
BP 7020
Tel: (221) 223037
Fax: (221) 210224 / 211027
(Established on 14 November 1991
Capital : CFA FR 2,000,000)
4. Batimat
Avenue Delorme Carre 57
03 BP 0071
Tel: (229) 314704
Fax: (229) 313892
(Established December 1990
C.R. No.: 15.640 B
Capital : CFA FR 12,000,000)
(Importers, wholesalers and retailers of
building, plumbing
and electrical materials, sanitary ware and
metals).
5. Batimat Ghana Limited
Ring Road Central
P.O. Box Private Mail Bag, Accra-North
Tel: (233 21) 232303 / (027) 556805
(cellular)
Fax: (233 21) 228180
6. Najorelle
7. Comptoir Burkina Fasso
de Batiment
Burkina Fasso
(Established in 1996)
8. SPIL
Km 5.5, Bld de Centre de la Commune de Dakar
BP 7020
Tel: (221) 322246 / 322966 / 224814
Fax: (221) 324595
(Established in 1993,
Estate agents specialising in "Time
share")
9. Batiplus
Blvd Valerie D'Estaing 5
01 BP 980
Tel: (225) 269 005 / 268 045
Fax: (225) 263 017
10. Batiplus
11. Batiplus
12. Batimat
13. Batiplus
14. Batimat Congo
Allee Mamboma
Derriere le Tribunal
Pointe Noire
Tel: (242) 940 435
Fax: (242) 941 061
E-Mail:
batimat.congo@cg.celtelplus.com
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of building, plumbing and electrical materials.
Imports from
FACILITIES
The Company has the
following facilities :
Owned 11,000 square metre
administrative office, 3 warehouses and a showroom located at the heading
address.
Formerly was subject
located also on Highway Jeshwang, Kanifing Industrial Estate (No. 14-15) its
telephone number at that address was 220 4372937; later it moved to another
location (also on Highway Jeshwang, Kanifing Industrial Estate with no
numbers).
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%)