MIRA
INFORM REPORT
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Report Date : |
20.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
PRODIMA SARL |
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Registered Office : |
Boulevard Cheik Osman,
P. O. Box 785, Djibouti |
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Country : |
Djibouti |
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Date of Incorporation : |
2001 |
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Com. Reg. No.: |
2254/B |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers, retailers and distributors of cosmetic
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 : |
DJI Fr 2,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
PRODIMA SARL
ADDRESS
Street : Boulevard Cheik Osman
P.O. Box :
785
Town : Djibouti
Country : Djibouti
Telephone :
(253) 352 060 / (253) 854 073 / 832 392 (mobile)
Fax : (253) 354 040
E-Mail : loreal@intnet.dj
SENIOR COMPANY
PERSONNEL
Name Position
1. Guessod Emi Managing Director
2. Abdillahi Barrerh Accountant
Total Employees
9
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, however in view of the lack
of financial information international suppliers may prefer to exercise some
caution.
Opinion on maximum credit
: DJI Fr 2,000,000 (due notice should be given to the above comments)
Trade risk assessment :
Normal
Opinion on the credit
figure of EURO 50,000 :
The above figure is
higher than normally seen in one amount, however could prove admissible in a
series of transactions provided the total indebtedness is strictly monitored.
It is normal accepted
practice for international suppliers to deal on secured terms with Djibouti
importers.
PRINCIPAL BANKERS
NAME :
BANQUE INDOSUEZ MER ROUGE
Branch :
10 Place Lagarde
P.O. Box : 88
Town :
Djibouti Ville
Telephone : (253) 353 016
Acc :
132562000042
The company also has an
account with the following bank:
Banque BCIMR
Place Lagarde
Djibouti Ville
Tel : (253) 350 857
FINANCIAL INFORMATION
Balance sheets are not
available and the subject interviewed declined to give any financial
information, which the company regards as strictly confidential.
LEGAL STATUS AND
HISTORY
Date Started : 2001
History : The company was incorporated in
Djibouti in 2001.
C.R. No. : 2254/B
Capital : not given
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Guessod Elmi
2. Undisclosed
shareholders
Affiliated companies of
Prodima Sarl :
Associates
Waberi SARL
Djibouti
ACTIVITIES
The Company is involved
in the following activities :
Trading as importers, retailers
and distributors of cosmetic products.
Distributors for L'Oreal,
France.
Imports from France.
Exports to Somalia and
Ethiopia.
FACILITIES
The Company has the
following facilities :
An office, warehouse and
retail outlet with storage facilities located at the heading address.
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%)