MIRA
INFORM REPORT
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Report Date : |
14.06.2007 |
IDENTIFICATION DETAILS
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Name : |
SENE CARREAUX KEURK HADIM |
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Registered Office : |
Scat-urbam Hann Mariste, 04 Ilot ZE-IB, |
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Country : |
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Date of Incorporation : |
1984 |
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Com. Reg. No.: |
99B130 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and retailers of tiles and sanitary-ware and
accessories. |
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 50,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SENE CARREAUX KEURK HADIM
ADDRESS
Street : Scat-urbam Hann Mariste
Area : 04 Ilot ZE-IB
P.O. Box :
26114
Town :
Country :
Telephone :
(221) 859 4040 /859 4042 / 859 4044 / 859 4035 / 859 4036 / 859 4037 /
(221) 639 6551
Fax : (221) 832 6262
E-Mail : carreaux@sentoo.sn / djilygueye72@hotmail.com
SENIOR COMPANY
PERSONNEL
Name Position
1. Elage Mor Gueye General
Manager / Owner
2. Djily Gueye Assistant General Manager
Total Employees
65
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a
proprietorship business engaged in retail of tiles and sanitaryware, in
business since 1984.
We consider it is
acceptable to deal with subject for MEDIUM amounts, although it is normal
accepted practice for international suppliers to deal on secured terms with
Opinion on maximum credit
: CFA Fr 50,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANQUE CENTRALE DES ETATS DE L'AFRIQUE DE L'OUEST
Branch :
Central
Town :
Telephone : (221) 823 1615
Fax :
(221) 823 9335
FINANCIAL INFORMATION
Balance sheets are not
available. However, subject interviewed offered the following information
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Sales Turnover : CFA Fr
500,000,000 - 1997 - exact
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CFA Fr 600,000,000 - 1998 - exact
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CFA Fr 600,000,000 - 1999 - exact
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CFA Fr 600,000,000 - 2000 - exact
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not given - 2001/2002
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CFA Fr 725,000,000 - 2003 - exact
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CFA Fr 750,000,000 - 2004 - exact
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CFA Fr 3,000,000,000 - 2005 - exact *
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CFA Fr 3,279,167,540 - 2006 - exact
Net Profit :
not given but stated to be profitable 1997 / 2005
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CFA Fr 196,690,580 - 2006 - exact
* increase of the
turnover attributed to increase in the number of customers
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 1984
C.R. No. : 99B130
Capital : CFA Fr
1,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
Percentage
1. Elage Mor Gueye 40 %
2. Djily Gueye 20 %
3. Lamine Gueye 20 %
4. Mustapha Gueye 20 %
ACTIVITIES
The Company is involved
in the following activities :
Importers and retailers
of tiles and sanitary-ware and accessories.
Imports from
FACILITIES
The Company has the
following facilities :
Administrative offices,
retail outlet and storage facilities located at the heading address.
BRANCH OFFICES
Immeuble PMU Unite 14, No
406
Parcelles Assanies
Quartier Assanies
P.O. Box : 26114
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%)