MIRA
INFORM REPORT
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Report Date : |
17.10.2007 |
IDENTIFICATION DETAILS
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Name : |
NOUVELLE DISTRIBUTION
SARL |
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Registered Office : |
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Country : |
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Date of Incorporation : |
31/05/94 |
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Com. Reg. No.: |
19B378 |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Importers & Distribution of general merchandises and accessories
etc |
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 : |
USD 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
NOUVELLE DISTRIBUTION SARL
Principal Address
Telephone: +241-773981
Fax: +241-773981
Email: None
Internet: None
Established
31/05/94
Registration
No. 19B378
Legal Form
Private Limited
Liability Company
Stock Listing
Not Listed
Workforce
2006
40
Office &
Factories
Head offices Petit
Branches None
Company Profile
Paid in Capital CFA. 1,000,000
Subscribed Capital CFA. 1,000,000
Shareholders
Name Position No. of shares Ratio
Mr. S
Masevdia Director
Mr. K Asani Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 30,000 is recommendable
Affiliated
Companies
None
Management/
Directors
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President/
CEO (1) |
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Name |
Mr. S Masevdia |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. K Asani |
Þ Top decision maker is the person who has the ultimate authority or power to make important managerial decisions. He/She may or may not be officially registered as a president or an executive director.
Business Activities
Importers &
Distribution of general merchandises and accessories etc
Terms of payment
Buying terms None
Stated
Selling terms None Stated
Suppliers
Various
Customers
Public
Recent Sales
CFA. 512,000,000 (2006)
Exports
None
Export Ratio 20.0%
Import Ratio 60.0%
Domestic Market Share 5.0%
Banking
relationship
Main Banks UGB Bank
Credit Check of
Subject, President & CEO
(as of report date)
Payment Morale : In the documents at our
disposal nothing adverse has been shown so far.
CREDIT RATING : Financial situation is
average.
COMMENTS
Maximum credit we recommend is USD 30,000 outstanding at any one time.
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. |
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%)