MIRA
INFORM REPORT
|
Report Date : |
08.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
CENTRALE D'ACHAT DE MEDICAMENTS ESSENTIELS ET CONSOMMABLES MEDICAUX |
|
|
|
|
Registered Office : |
Zone Industrielle Rue 1‑143, Sebkha, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
20/03/2002 |
|
|
|
|
Legal Form : |
-- |
|
|
|
|
Line of Business : |
Wholesaler of pharmaceuticals |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
Registration Briefing
Registration Number: N/A
Registration Date: 20/03/2002
Legal Form: LEGAL STRUCTURE NOT ASCERTAINED
Latest Financials: N/A
Financial Briefing
Nominal Capital: 1,096,200,000 Mauritanian Ouguiya
Issued Capital: N/A
Turnover: 700,000,000 Mauritanian Ouguiya
Net Profit: N/A
Net Worth: N/A
Rating Briefing
Current Rating: Ba
Former Rating: N/A
Current Recommended Credit: 14,583,333 Mauritanian Ouguiya
Former Recommended Credit: N/A
Rating Trend: RATING TRENDS CANNOT BE CONFIRMED
Payment Record: NO COMPLAINTS
Original
Investigation Details
Investigation Number: 19607
Company Name: CENTRALE D'ACHAT DE
Country: MM
Street Name: MEDICAMENTS ESSENTIELS, MATERIELS ET
CONSOMOBILISM
City Code:
Phone Number: 222 529 66 64
Fax Number: 222 529 66 72
Company Details
Company Name: CENTRALE D'ACHAT DE MEDICAMENTS ESSENTIELS ET CONSOMMABLES
MEDICAUX
Company acronym: CAMEC
Headquarter Address: Zone Industrielle Rue 1‑143,
Sebkha,
Telephone: +222 5296664
Fax: +222 5296672
Web Site: www.camec.mr
Company was originally started on 20/03/2002
Registration &
Legal Details
Current Legal Form: LEGAL STRUCTURE NOT ASCERTAINED
Additional Information: Societe D'Economie Mixte
Registration Address: Zone Industrielle Rue 1‑143,
Registration Date: 20/03/2002
Year/Date Company Established: 20/03/2002
Capital
Currency: Mauritanian Ouguiya
Nominal Capital: 1,096,200,000
Paid Up Capital: 1,096,200,000
Shareholders
Parent Company: Mauritanien Government,
% Shares Held: 94.00%
Shareholders:
Name/Address Shares Held % of Voting/Non‑Voting capital
6.00% (VOTING)
Les Comites de Gestions des Formations
De Sante
Principals
Name: Mr Mohamed Lemine Ould raghani
Position within the company: President
Company Activities
Sic Codes: 5122 Wholesaler of pharmaceuticals
Local Reporters consider the investigated company to be LARGE in their field of concern.
Operations
HQ Premises Operates from: Office , Warehouse
Location: Industrial Area, Side Road
Imports
Import % and type of product: 100% Finished Goods
Imports From:
Importing Terms: Special agreements
Exports
Export % and type of product: Subject does not export
Related Companies
Information on Related Companies is not available/applicable
Financial Information
Financial Interview Date: 07/05/2007
Source: Subject
Figures are: Estimates
Currency: Mauritanian Ouguiya
Months Sales Figures Sales Gross Profit/Loss Net Profit/Loss
12 31/12/2006 700,000,000.00
12 31/12/2005 320,000,000.00
12 31/12/2004 290,000,000.00
Payments
Subject's payments reported to be: NO COMPLAINTS
Interview &
Reporter Comments
Comment: Subject has confirmed the general details shown in the report.
Conclusions
Local Reputation:
The company being investigated is considered by local reporters to be a Fair /
Trade Risk.
General Conclusion: Local informants consider granting of credit to be a fair trade risk.
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.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)