MIRA INFORM REPORT

 

 

Report Date :

17.02.2007

 

IDENTIFICATION DETAILS

 

Name :

ETS SANKEU/ MISS POP INDUSTRY

 

 

Registered Office :

Rue Jamot, Akwa, P. O. Box 18363, Douala

 

 

Country :

Cameroon

 

 

Date of Incorporation :

15.07.1993

 

 

Com. Reg. No.:

07814

 

 

Legal Form :

General Partnership

 

 

Line of Business :

Importers, distributors and wholesalers of pop corn and foodstuff.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

CFA Fr 10,000,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

COmpany NAME

 

ETS SANKEU/ MISS POP INDUSTRY

 

 

ADDRESS

 

Street                           :  Rue Jamot

Area                             :  Akwa

P.O. Box           :  18363

Town                 :  Douala

Country             :  Cameroon

Telephone         :  (237) 343 0332 / 7860 0603 (mobile) / 762 4590 (mobile) / 754 7629 (mobile)

Fax                   :  (237) 343 0332

E-Mail               :  misspopin@yahoo.fr / sankeuroger@yahoo.fr

 

 

SENIOR COMPANY PERSONNEL

 

   Name                                     Position

 

1. Roger Sankeu                        Managing Director

 

2. Gisele Takedam                     Marketing Director

 

3. Richard Tankeu                      Financial Director

 

4. Nana Sidonie Noukeu             Administrative Manager

 

 

Total Employees

 

23

 

 

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.

 

Opinion on maximum credit        : CFA Fr 10,000,000

 

Trade risk assessment               : Normal

 

 

PRINCIPAL BANKERS

 

NAME               : AFRILAND FIRST BANK

Branch              : Bonanjo Branch

PO Box             : 3487

Town                 : Douala

Telephone         : (237) 342 6800

Fax                   : (237) 342 7902

Account No       : 000020101661106182

 

Subject also has an account with:

 

Ecobank Cameroun SA

Akwa

Douala

Telephone         : (237) 343 8250

Fax                   : (237) 343 8609

Account No.      : 1001011000517

 

 

FINANCIAL INFORMATION

 

Balance sheets are not available. However, the subject interviewed offered the following information :

 

Sales Turnover  : CFA Fr 320,000,000 - 2005 - exact

                        : CFA Fr 493,000,000 - 2006 - exact

 

Net Profit          : CFA Fr  64,000,000 - 2005 - exact

                        : CFA Fr  98,600,000 - 2006 - exact

 

Financial Year ends 31 December.

 

 

LEGAL STATUS AND HISTORY

 

Date Started      : 15 July 1993

 

C.R. No.            : 07814

 

Capital              : not applicable

 

Societe en Nom Collectif (general partnership) with the following partners :

 

                                                Percentage

 

1. Roger Sankeu                        50 %

 

2. Gisele Takedam                     50 %

 

 

ACTIVITIES

 

The Company is involved in the following activities :

 

Importers, distributors and wholesalers of pop corn and foodstuff.

 

Import from South Africa.

 

 

FACILITIES

 

The Company has the following facilities :

 

Office premises, warehouse and showroom located at the heading address.

 

 

SPECIAL NOTE

 

This amended report is sent as a replacement of our report Ref: 348267.01/A/X dated 16 February 2007.

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions