MIRA
INFORM REPORT
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Report Date : |
19.10.2007 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE DES MINES DU
LIPTAKO |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10/5/2004 |
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Com. Reg. No.: |
6396518 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Exploration of
Gold and Other minerals |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
SOCIETE DES MINES DU LIPTAKO
Principal Address
Telephone: +227-20-753032
Fax: +227-20-753040
Email: info@smlniger.com
Internet: None
Established
10/5/2004
Registration
No. 6396518
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
180
Office & Factories
Head offices
Branches None
Company Profile
Paid in Capital CFA. 1,000,000
Subscribed Capital CFA. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. Benoit La
Salle CEO
Mr. Martin Milette Director
Mr. Burton Donald Director
Mr. Glenn Holmes Director
African GeoMin
Mining Dev. Corporation Holding
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated
Companies
Company (1) Samira Hill Gold Mine
Management/
Directors
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President/ CEO (1) |
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Name |
Mr. Benoit La Salle |
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Remarks |
Top Decision Maker |
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President/ CEO (2) |
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Name |
Mr. Martin Milette |
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
Exploration of
Gold and Other minerals
Terms of payment
Buying terms None
Stated
Selling terms Agreed Terms
Suppliers
Various Equipment
manufactures
Customers
Companies
Recent Sales
USD.
268,000,000 (2006)
Exports
Export Ratio < 80.0%
Import Ratio 20.0%
Domestic Market
Share 50.0%
Banking
relationship
Main Banks African
Development 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 100,000 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%)