MIRA
INFORM REPORT
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Report Date : |
14.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ETS MAHAMADOU KASSO |
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Registered Office : |
Maourey, |
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Country : |
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Date of Incorporation : |
1972 |
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Com. Reg. No.: |
1607 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importers, exporters, wholesalers and retailers of general
merchandise, second hand clothes, foodstuff (milk and fruit juices) and
African loinclothes. |
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 : |
CFA Fr 25,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
ETS MAHAMADOU KASSO
ADDRESS
Area : Maourey
P.O. Box :
2299
Town :
Country :
Telephone :
(227) 735 940 / 735 802 (residence)
Fax : (227) 732 280
E-Mail : alkasso@intnet.ne
Also Known As
FMKN (Famille Mahamadou
Kasso
SENIOR COMPANY
PERSONNEL
Name Position
1. Mahamadou Kasso General
Manager / Owner
2. Nayouffa Kasso Deputy
General Manager
3. Issoufou Kasso Secretary
4. Alidou Naoura Accountant
Total Employees
15
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
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
Opinion on maximum credit
: CFA Fr 25,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
SOCIETE NIGERIENNE DE BANQUE - SONIBANK
Branch :
Main Branch
Street :
Avenue de la Mairie
PO Box :
891
Town :
Telephone : (227) 734 643 / 734 569 / 734 740
Fax : (227) 734 693
E-mail :
sonibank@intnet.ne
Subject also has an
account with the following bank :
Banque Internationale
pour l'Afrique au
Tel: (227) 733 101-2
Fax: (227) 733 595
FINANCIAL INFORMATION
Balance Sheets as at 31
December 2003 showed:
ASSETS
Fixed assets :
CFA Fr 14,162,977 - 2002 - exact
: CFA Fr
13,385,124 - 2003 - exact
Current assets : CFA Fr 352,598,567 - 2002 -
exact
: CFA Fr
433,698,914 - 2003 - exact
Treasury :
CFA Fr 6,061,823 - 2002 - exact
: CFA Fr
3,826,560 - 2003 - exact
Total assets :
CFA Fr 372,823,367 - 2002 - exact
: CFA Fr 450,910,598 - 2003 - exact
LIABILITIES
Capital :
CFA Fr 160,143,452 - 2002 - exact
: CFA Fr 131,429,474 - 2003 - exact
Shareholders equity : CFA Fr 194,434,968 - 2002 - exact
: CFA Fr 206,382,451 - 2003 - exact
Financial debts :
CFA Fr 1,362,172 - 2002 - exact
: CFA Fr
0 - 2003 – exact
Current liabilities : CFA Fr 195,785,942 - 2002 - exact
: CFA Fr 241,638,156 - 2003 - exact
Treasury :
CFA Fr 0 - 2002 - exact
: CFA Fr
2,889,991 - 2003 - exact
Total liabilities & : CFA Fr 372,823,367 - 2002 –
exact Shareholders equity
: CFA Fr 450,910,598 - 2003 - exact
PROFIT & LOSS ACCOUNT
Sales Turnover : CFA Fr
1,615,298,823 - 2002 - excat
: CFA Fr 1,757,708,373 - 2003 - exact
: CFA Fr 1,430,000,000 - 2004 - exact
: CFA Fr 1,411,000,000 - 2005 - exact *
: CFA Fr 1,540,732,044 - 2006 - exact
Profit before tax :
CFA Fr 52,756,178 - 2002 - exact
: CFA Fr
62,574,611 - 2003 - exact
: CFA Fr
40,000,000 - 2004 - approx
: CFA Fr
40,000,000 - 2005 - approx *
: CFA Fr
70,628,277 - 2006 - exact
Net Profit :
CFA Fr 34,291,516 - 2002 - exact
: CFA Fr
40,661,461 - 2003 - exact
: CFA Fr
40,000,000 - 2004 - approx
:
CFA Fr 40,000,000 - 2005 - approx
: CFA Fr
24,719,897 - 2006 - exact
Debts :
CFA Fr 30,945,119 - 2006 - exact
Financial year ends 31
December.
* unaudited
LEGAL STATUS AND HISTORY
Date Started : 1972
C.R. No. : 1607
Fiscal ID No. : 1203
Capital : not applicable
Affaire Personnelle
(proprietorship) owned by Mahamadou Kasso.
ACTIVITIES
The Company is involved
in the following activities :
Importers, exporters, wholesalers
and retailers of general merchandise, second hand clothes, foodstuff (milk and
fruit juices) and African loinclothes.
Imports from
Exports second hand
clothes to
FACILITIES
The Company has the
following facilities :
Office, wholesale/retail
outlet and storage facilities located at the heading address.
Subject has another sales
outlet in
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%)