MIRA
INFORM REPORT
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Report Date : |
08.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE DES PRODUCTS ALIMENTAIRES FAMO |
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Registered Office : |
Zone Industrielle Lot 64, El Mina BP677, |
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Country : |
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Date of Incorporation : |
1982 |
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Com. Reg. No.: |
4109 |
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Legal Form : |
Societe Anonyme |
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Line of Business : |
Manufacture and the marketing of the short pasta products
and the couscous. |
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 |
Registration Briefing
Registration Number: 4109
Registration Date: 1982
Legal Form: SOCIETE ANONYME
Latest Financials: N/A
Financial Briefing
Nominal Capital: 160,000,000 Mauritanian Ouguiya
Issued Capital: N/A
Turnover: N/A
Net Profit: N/A
Net Worth: N/A
Rating Briefing
Current Rating: Ba
Former Rating: N/A
Current Recommended Credit: N/A
Former Recommended Credit: N/A
Rating Trend: RATING TRENDS CANNOT BE CONFIRMED
Payment Record: UNDETERMINED
Original
Investigation Details
Investigation Number: 19475
Company Name: SOCIETE DES PRODUCTS ALIMENTAIRES FAMO
Country: MM
Street Name:
City Code: ZONE FOIRE LOT 64 EL MINA, POB 677
Phone Number: 2225253239
Fax Number: 2225258157
Registration Number: 4109
Comments : THEY WANT CREDIT FOR 100,000 EUROS
Company Details
Company Name: SOCIETE DES PRODUCTS ALIMENTAIRES FAMO
Company acronym: FAMO
Headquarter Address: Zone Industrielle Lot 64,
El Mina BP677,
Telephone: +222 5253239
Fax: +222 5258157
Web Site: www.famo.mr
Company was originally started on 1982
Registration &
Legal Details
Current Legal Form: SOCIETE ANONYME
Registration Address: Zone Industrielle Lot 64,
Registration Number: 4109
Registration Date: 1982
Year/Date Company Established: 1982
Capital
Currency: Mauritanian Ouguiya
Nominal Capital: 160,000,000
Paid Up Capital: 160,000,000
Shareholders
Shareholders:
Name/Address Shares Held % of Voting/Non‑Voting capital
Ahmed Hamza (Principal Shareholder),
Principals
Name: Mr Ahmed Hamza
Position within the company: Managing director
Company Activities
Sic Codes: 2099 Producer of food preparations
Famo
Local Reporters consider the investigated company to be MEDIUM in their field of concern.
Operations
Employees Company Employs: 100
HQ Premises Operates from: Owned Offices , Factory, Warehouse
Location: Industrial Area,
Imports
Import % and type of product: 100% Raw Materials
Imports From:
Importing Terms: Special agreements
Exports
Export % and type of product: 10%
Exports To:
Exporting Terms: special agreements
Related Companies
Information on Related Companies is not available/applicable
Bankers
BMCI,
Branch:
Financial Information
Financial information is not available/applicable
Payments
Subject's payments reported to be: UNDETERMINED
Interview &
Reporter Comments
Comment: Latest Financial Statements are not currently available.
Subject has confirmed the general details provided in the report but has declined to provide any
Financial Data.
Conclusions
Local Reputation: Local informants have not adequate information to assess the Subject's local reputation.
General Conclusion: Informants suggest that suppliers monitor this account.
Age of Business: The company is long established in the local market.
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%)