MIRA
INFORM REPORT
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Report Date : |
19.05.2007 |
IDENTIFICATION DETAILS
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Name : |
OKLON TRADING CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
2006 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Importers, wholesalers and retailers of foodstuff, fertilizers, and beverages. |
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 : |
Regular |
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Litigation : |
Clear |
COmpany NAME
OKLON TRADING CO LTD
(Correct)
OKLON TRADING CO LTD (NF)
(Requested)
ADDRESS
Building :
Street : Rue Du Liberation
Town :
Country :
Telephone :
(228) 946 5461
Fax : (228) 221 7731
SENIOR COMPANY
PERSONNEL
Name Position
Uwa Teteh Omah Managing
Director
PAYMENTS
Current trade experience
of payments has not been traced.
Our sources were unable
to contact subject and obtain financial information.
The telephone number
which you provided for the subject (228) 946 5461 is continuously unattended
and the fax number (228) 221 7731 which you provided is continuously
unobtainable (not assigned). No new number is listed for the company.
Information in this
report was obtained from third parties only.
Opinion on maximum credit
: In view of the above we have insufficient basis on which to speak for
unsecured credit and recommend dealing on fully secured terms for all
transactions pending fuller knowledge.
Trade risk assessment :
No classification
Opinion on the credit
figure of US LRS 100,000 :
See above comments.
It is normal accepted
practice for international suppliers to deal on secured terms with
PRINCIPAL BANKERS
Balance sheets are not
available. Financial information could not be obtained from other sources.
FINANCIAL INFORMATION
As the Company has only
recently started trading, relevant financial information is not available.
LEGAL STATUS AND
HISTORY
Date Started : 2006 (not
confirmed)
Capital : not given
Societe a Responsibilite
Limitee (limited liability company) with the following shareholders :
1. Uwa Teteh Omah
2. Undiscolsed
shareholders
ACTIVITIES
The Company is involved
in the following activities :
Importers, wholesalers
and retailers of foodstuff, fertilizers, and beverages.
Imports worldwide.
FACILITIES
The Company has the
following facilities :
Office premises and
wholesale/retail outlet located at the heading address.
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%)