MIRA
INFORM REPORT
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Report Date : |
21.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
Ets Essalam Import Export Sarl |
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Registered Office : |
Ilot no 35, Avenue General de Degaulle, Nouakchott |
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Country : |
Mauritania |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
1996 |
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Com. Reg. No.: |
21685 |
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Legal Form : |
Societe A Responsibilite Limitee |
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Line of Business : |
Wholesaler of computers and peripheral equipment and software |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
Ets Essalam Import Export Sarl
Registration Briefing
Registration Number: 21685
Registration Date: 1996
Legal Form: SOCIETE A RESPONSIBILITE LIMITEE
Latest Financials: N/A
Financial Briefing
Nominal Capital: 10,000,000 Mauritanian Ouguiya
Issued Capital: N/A
Turnover: 163,500,000 Mauritanian Ouguiya
Net Worth: N/A
Net Profit: N/A
Company Details
Company Name : Ets Essalam Import Export Sarl
Headquarter Address : Ilot no 35, Avenue General de Degaulle,
Nouakchott,
Mauritania
Postal Address : P.O.Box 2946,
Nouakchott
Telephone : +2225 256621
Fax : +2225 256735
E-Mail : essalam@mauritel.mr
Company was originally started as a SOCIETE A RESPONSIBILITE LIMITEE on 1996
Registration &
Legal Details
Current Legal Form: SOCIETE A RESPONSIBILITE LIMITEE
Registration Address: Ilot no 35, Avenue General de Degaulle,
Nouakchott
Registration Number: 21685
Registration Date: 1996
Year/Date Company Established: 1996
Registration Town: Nouakchott
Capital
Currency: Mauritanian Ouguiya
Nominal Capital: 10,000,000
Paid Up Capital: 10,000,000
Shareholders
Shareholders
Name/Address Shares Held % of Voting/Non-Voting capital
Mr. Ouled Yaha Ghary, 100.00% (VOTING)
Nouakchott,
Mauritania
Principals
Name: Mr Ouled Yaha Ghary
Position within the company: Managing Director
Country of Birth: Mauritania
Nationality: Mauritian
Can fluently speak: French
Company Activities
Sic Codes: 5045 Wholesaler of computers and peripheral equipment and software
5112 Wholesaler of stationery and office supplies
The company imports at 100% of school and computer equipments and supplies. Then the company distributes the products on a wholesaling basis to the local market. This company does not export.
Local Reporters consider the investigated company to be MEDIUM in their field of concern.
Operations
Employees Company Employs: 5
Part time staff: 10
HQ Premises
Operates from: Rented Office
Premises Size: 15 square meters
15 square meters site
Location: Central Business Area, Side Road
Imports
Import % and type of product: 100% Finished Goods
Imports From: France, Dubai, U A E, Belgium, Morocco, Central Asia
Importing Terms: 60 or 90 days credit, cash against documents
Exports
Export % and type of product: Subject does not export
Trading & Selling
Territory: 100% Nationally
Type of Customer: distributors and wholesalers
Related Companies
Information on Related Companies is not available/applicable
Bankers
Banque Mauritanian pour Le Commerce International,
Branch: Head Office
Nouakchott,
Mauritania
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Page 3 of 5 |
Financial Information
Source: Subject
Figures are: Estimates
Currency: Mauritanian Ouguiya
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Months |
Sales Figures |
Sales |
Gross Profit/Loss |
Net Profit/Loss |
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12 |
31/12/2005 |
163,500,000.00 |
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12 |
31/12/2004 |
124,260,000.00 |
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12 |
31/12/2003 |
85,020,000.00 |
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Payments
Subject's payments reported to be: NO COMPLAINTS
Interview &
Reporter Comments
Comment: Subject has confirmed the general details shown in the report.
Expansion Plans: The subject has the following current expansion plans, which involve the increasing of the
importation, mainly for the school and computer equipments. The company also plans to
export the finfish to Europe.
Conclusions
Local Reputation: The company being investigated is considered by local reporters to be a Fair /
Normal Trade Risk.
General Conclusion: Local informants consider granting of credit to be a fair trade risk.
Owner/Shareholders Comments: All or most of the owners / shareholders have an active participation in the
running of the business.
Financial Results Trend: Financial Information indicates that the business activities of the company are
showing an upward turn.
Age of Business: The company is long established in the local market.
Shares Held
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%)