MIRA
INFORM REPORT
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Report Date : |
8th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
ENTREPRISE OUEDRAOGO BOUKARE SARL |
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Registered Office : |
Avenue Houari Boumedienne, P.O. Box : 06 BP 9770, Ouagadougou 06, Burkina Faso |
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Country : |
Burkina Faso |
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Date of Incorporation : |
22.10.2002 |
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Com. Reg. No.: |
BF-OVA-2002 B309 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers and retailers of general merchandise as well as engages in
the transportation of hydrocarbon products. |
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 10,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
COMAPNY NAME
ENTREPRISE OUEDRAOGO
BOUKARE SARL
ADDRESS
Street : Avenue Houari Boumedienne
P.O. Box :
06 BP 9770
Town : Ouagadougou 06
Country : Burkina Faso
Telephone :
(226 50) 317 600 / 494 447 / (226 70) 274792 / 203131/ (226 70) 201406
(mobile for the
Financial Controller)
Fax : (226 50) 301 739
Shortform Name : E.O.B.
Also Known As : EOB Sarl
SENIOR COMPANY PERSONNEL
Name Position
1. Boukare Ouedraogo President
/ Managing Director
2. Mr. Sawadogo Financial Controller
Total Employees : 35
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
Burkina Faso importers.
Opinion on maximum credit
: CFA Fr 10,000,000
Trade risk assessment : Normal
TRADE REFERENCES
NAME :
SCIT
Country :
Tunisia
Telephone : (216) 7195 0855
NAME :
HEBEI MACHINERY
Country :
China
Telephone : (86) 311 705 5927
NAME :
SODEXIM
Country :
France
Telephone : (33) 320 948 055
NAME :
Triangle Tyre Co. Ltd
Country :
China
Telephone : (86) 631 526 2758
NAME :
MISFAT
Country :
Tunisia
Telephone : (216) 71 338 372
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONAL DE BURKINA - BIB
Branch :
Main Branch
PO Box :
362
Town :
Ouagadougou
Telephone : (226) 306169
Fax :
(226) 310094
The Company also has an
account with :
La Banque Internationale
pour le Commerce, l'Industrie et l'Agriculture au Burkina BICIA-B PO Box : 01 BP 8 Ouagadougou Tel :
(226) 5032 5600 Acc. No : 09053011738001
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover :
CFA Fr 395,573,500 - 2004 - exact
: CFA Fr 423,709,700 - 2005 - approx
: CFA Fr 475,000,000 - 2006 - exact
Net Profit :
CFA Fr 71,074,480 - 2004 - exact
: not given
- 2005
: CFA Fr
90,000,000 - 2006 - exact
Total Capital Investment
: CFA Fr 82,305,735 - 2006 - exact
Financial year ends 31
December.
LEGAL STATUS AND HISTORY
Date Started : 22 October 2002
History : The company was incorporated in
Burkina Faso on 22 October 2002.
C.R. No. : BF-OVA-2002 B309
Capital : CFA Fr 1,000,000
Societe a Responsibilite Limitee
(limited liability company) with the following sole shareholder :
Boukare Ouedraogo 100%
ACTIVITIES
The Company is involved
in the following activities :
Importers and retailers
of general merchandise as well as engages in the transportation of hydrocarbon
products.
Subject opened a bakery
in June 2006 at the heading address.
FACILITIES
The Company has the
following facilities :
Office premises and
storage facilities located at the heading address.
You provided an incorrect
registration number for the subject
: BF-OVA-2002B3019.
Please note the registration number is as per Legal Status And History section.
SPECIAL NOTE
You provided an incorrect
registration number for the subject:
BF-OVA-2002B3019. Please note
the correct registration number is as per Legal Status & History section.
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%)