MIRA
INFORM REPORT
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Report Date : |
15.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE GENERAL DE COMMERCE ET DE SERVICE |
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Registered Office : |
P. O. Box 11025, Ouagadougou 08 |
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Country : |
Burkina Faso |
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Date of Incorporation : |
-- |
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Legal Form : |
-- |
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Line of Business : |
-- |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COmpany NAME
SOCIETE GENERAL DE
COMMERCE ET DE SERVICE
ADDRESS
P.O. Box :
11025
Town : Ouagadougou 08
Country : Burkina Faso
Telephone :
(226) 5033 0527
Fax : (226) 5033 2647
Additional
Information
TVA No 79506317W / RC
15547/B
PRINCIPAL BANKERS
NAME :
BANQUE ATLANTIQUE
P.O. Box : 01 BP 3407
Town :
Ouagadougou
Telephone : (226) 5049 2435
You indicated that
subject's bankers are as above. This bank has been approached however its
official stated that the subject company is not one of their customers.
GENERAL INFORMATION
Our sources report that
the name "Societe General De Commerce Et De Service" cannot be traced
at the local Chamber of Commerce.
No full address or
telephone or fax number is listed for the company under the name "Societe
General De Commerce Et De Service".
Subject's name does not
appear in reference books or trade directories consulted and is unknown in the
local market.
Despite numerous
enquiries being made we have been unable to establish the precise nature or
extent of the company's operations.
Approaches have been made
to the above P.O. Box number to obtain a written statement but the subject has
not responded.
The Postal Authorities in
Ouagadougou will not divulge information regarding the ownership of P.O. Box
numbers.
Repeated attempts have
been made to contact subject on the telephone and fax number that you provided.
However it has not been possible to interview the company as the telephone
number (226) 5033 0527 and fax
(226) 5033 2647 are
continuously unobtainable.
If you can supply a photocopy
of subject's letterhead, a current telephone or fax number for the company, the
investigation can be resumed.
Trade risk assessment: No
classification
Credit opinion requested
: EURO 400,000
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%)