MIRA
INFORM REPORT
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Report Date : |
12.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE SAFRICOM |
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Registered Office : |
15 Rue de France, |
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Country : |
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Date of Incorporation : |
2002 |
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Com. Reg. No.: |
2002A0051 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trading as importers, wholesalers and retailers of 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 15,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SOCIETE SAFRICOM
ADDRESS
Street : 15 Rue de France
P.O. Box :
7624
Town :
Country :
Telephone :
(228) 336 9264 / 939 8006 / 6020 0348
Fax : (228) 221 5706
E-Mail : safricomtogo@hotmail.com
SENIOR COMPANY
PERSONNEL
Name Position
1. Adjayi Komla Managing
Director
2. Koffi Welbeck General
Manager
Total Employees
4 (permanent)
10 (casual)
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, although it is normal
accepted practice for international suppliers to deal on secured terms with
Opinion on maximum credit
: CFA Fr 15,000,000
Trade risk assessment :
Opinion on the credit
figure of EURO 100,000 :
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.
PRINCIPAL BANKERS
NAME :
BANQUE SAHELO-SAHARIENNE POUR l’INVESTISSEMENT ET LE COMMERCE (BSCI)
Branch :
3802, boulevard du 13 janvier
P.O. Box : BP 3296
Town :
Telephone : (228) 220 2198
Fax :
(228) 220 8757
Acc No :
020143500115-10
FINANCIAL INFORMATION
Balance sheets are not
available. However, the subject interviewed offered the following information :
Sales Turnover : CFA Fr 805,350,000 - 2006 - exact
Net Profit :
CFA Fr 76,000,000 - 2006 - exact
LEGAL STATUS AND
HISTORY
Date Started : 2002
History : The company was incorporated in
C.R. No. : 2002A0051
Capital : CFA Fr 20,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
Percentage
1. Adjayi Komla 60 %
2. Koffi Welbeck 40 %
ACTIVITIES
The Company is involved
in the following activities :
Trading as importers,
wholesalers and retailers of general merchandise.
Imports from
Exports occasionally to
FACILITIES
The Company has the
following facilities :
750 sq. m. rented
premises comprising offices, warehouse and retail outlet located at the heading
address, as well as another retail outlet near the beach in
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%)