MIRA
INFORM REPORT
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Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
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Name : |
QUINCAILLERIE SAHA |
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Registered Office : |
Avenue Yennanga, |
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Country : |
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Date of Incorporation : |
1975 |
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Com. Reg. No.: |
BFOIA2002A195 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Importers and retailers of hardware and building 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 : |
CFA Fr 5,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
QUINCAILLERIE SAHA
ADDRESS
Street : Avenue Yennanga
P.O. Box :
05 BP 6261
Town :
Country :
Telephone :
(226 50) 312 766 / 308 109 / 380 105 (residence) / (226 70) 203 990
(mobile)
Fax : (226 50) 315 470
E-Mail : sahaquin@casonet.bf
SENIOR COMPANY
PERSONNEL
Name Position
1. Mohamed Sanfo General Manager / Owner
2. Saidou Sanfo Assistant General Manager
3. Alassar Sanfo Commercial Manager
Total Employees
15
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
Subject is a well
established proprietorship business operating since 1975.
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 5,000,000
Trade risk assessment :
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONALE POUR LE COMMERCE, L'INDUSTRIE ET L'AGRICULTURE DU
BURKINA SA (BICIA-B)
Branch :
479 Av. Dr. Kwame N'Krumah
PO Box :
08
Town :
Telephone : (226 50) 306 226 / 306 233
Fax :
(229 50) 311 955
The company also has an
account with the following banks:
1. Ecobank Burkina
633, rue Maurice Bishop
Telephone: (226 50) 318 975 / 318 980
Fax
: (226 50) 318 981
2. BACB Burkina
2 Avenue Gamal Abdel Nasser
Secteur 3
01 BP 1644
Tel: (226 50) 333 333
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr 350,000,000 - 1997 - exact
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CFA Fr 400,000,000 - 1998 - exact
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CFA Fr 300,000,000 - 1999 - approx
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CFA Fr 320,000,000 - 2000 - approx
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CFA Fr 320,000,000 - 2001 - approx
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CFA Fr 350,000,000 - 2002 - exact
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CFA Fr 400,000,000 - 2003 - exact
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CFA Fr 470,000,000 - 2004 - exact
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CFA Fr 284,582,772 - 2005 - exact *
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CFA Fr 187,012,600 - 2006 - exact *
Net Profit :
not given but stated to be 18 %
* Decrease of the
turnover attributed to a strong competition.
Subject project an
increase of its turnover for 2007 due to the construction of an administrative
zone around the shop.
Financial year ends 31
December.
LEGAL STATUS AND
HISTORY
Date Started : 1975
C.R. No. : BFOIA2002A195 (formerly 559)
Capital : not applicable
Affaire Personnelle (Proprietorship)
owned by Mohamed Sanfo.
ACTIVITIES
The Company is involved
in the following activities :
Importers and retailers
of hardware and building materials.
Imports from
FACILITIES
The Company has the
following facilities :
Owned administrative
offices and retail outlet located at the heading address.
Subject also has 2 other
retail outlets located 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%)