MIRA
INFORM REPORT
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Report Date : |
12.05.2007 |
IDENTIFICATION DETAILS
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Name : |
SOGEMAT SARL |
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Registered Office : |
Bassa, |
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Country : |
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Date of Incorporation : |
2000 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, wholesalers and retailers of building materials,
detergents and dehydrated milk. |
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 5,000,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COmpany NAME
SOGEMAT SARL
ADDRESS
Area : Bassa
P.O. Box :
7847,
Town :
Country :
Telephone :
(237) 340 1886 / (237) 964 6363 (mobile)
Fax : (237) 340 1886
SENIOR COMPANY
PERSONNEL
Name Position
Samuel Yawo Managing Director
Total Employees
20
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 a degree of caution should be exercised.
Opinion on maximum credit
: CFA Fr 5,000,000 (due attention will be given to above remarks)
Trade risk assessment :
It is normal accepted
practice for international suppliers to deal on secured terms with
PRINCIPAL BANKERS
NAME :
ECOBANK CAMEROUN SA
Branch :
Main Branch
Street :
Boulevard de la Liberte
P.O. Box : 582
Town :
Telephone : (237) 343 8250 / 343 8251
Fax :
(237) 343 6247
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 : 2000
Capital : CFA Fr 1,000,000
Societe a Responsibilite
Limitee (limited liability company) with the following sole shareholder :
Samuel Yawo 100 %
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of building materials, detergents and dehydrated milk.
Imports from
FACILITIES
The Company has the
following facilities :
Office premises, sales
outlet and storage facilities located at the heading address.
Subject also has a branch
office in Mokolo,
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%)