MIRA
INFORM REPORT
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Report Date : |
19.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
ETS HADDAD KHALIL |
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Registered Office : |
a cote de Petit Marche et BIA, Zone Comerciale, P. O. Box 12282, Niamey |
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Country : |
Niger |
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Date of Incorporation : |
1992 |
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Com. Reg. No.: |
RCCM 06-065 A |
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Legal Form : |
Proprietorship |
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Line of Business : |
Operators of two supermarkets trading in general merchandise. |
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 100,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
ETS HADDAD KHALIL
(Correct)
ETABLISSMENTS HADDAD
KHALIL (Requested)
ADDRESS
Street : a cote de Petit Marche et BIA
Area : Zone Comerciale
P.O. Box :
12282
Town : Niamey
Country :
Niger
Telephone :
(227) 733958 / 736160 / 733040
Fax : (227) 734348
E-Mail : haddad@intnet.ne
SENIOR COMPANY
PERSONNEL
Name Position
1. Khalil Haddad General
Manager / Owner
2. Roger Haddad Deputy General Manager
Total Employees
100
PAYMENTS
No complaints have been
heard regarding payments from local suppliers or banks.
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 Niger
importers.
Opinion on maximum credit
: CFA Fr 100,000,000
Trade risk assessment :
Normal
Opinion on the credit
figure of UK PNDS 100,000:
We consider the above
figure to be within the company's financial capabilities.
PRINCIPAL BANKERS
NAME :
BANQUE INTERNATIONALE DE L'AFRIQUE - BIA
Branch :
Central
PO Box :
10350
Town :
Niamey
Telephone : (227) 733101
The company also has an
account with other local banks.
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA
Fr 8,000,000,000 - 2006 - exact
Net Profit :
CFA Fr 240,000,000 - 2006 - exact
LEGAL STATUS AND
HISTORY
Date Started : 1992
C.R. No. : RCCM 06-065 A (formerly 5127)
Capital : not applicable
Affaire Personnelle
(proprietorship) owned by Khalil Haddad
ACTIVITIES
The Company is involved
in the following activities :
Operators of two
supermarkets trading in general merchandise.
Imports from Europe and
Asia.
FACILITIES
The Company has the
following facilities :
Owned office premises and
a supermarket at the heading address as well as another supermarket elsewhere
in Niamey.
SPECIAL NOTE
You provided an incorrect
address for the subject : Zone Commercial du pet, a cote de petit marche et
BIA. Please note the correct address is as per heading.
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%)