MIRA
INFORM REPORT
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Report Date : |
24.10.2007 |
IDENTIFICATION DETAILS
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Name : |
EDITIONS EBURNIE |
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Registered Office : |
Plateau Immeuble Gfa 2Eme Etage Fate 1, |
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Country : |
Cote D’ Ivoire ( |
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Date of Incorporation : |
02/11/2001 |
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Com. Reg. No.: |
No.
272052 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Printing
and publishing books. |
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 35,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME
EDITIONS EBURNIE
Address
01 BP 1984,
Telephone: +225-20-215758/216465
Fax: +225-20-214546
Email: None
Internet: None
Established
02/11/2001
Registration
No. 272052
Legal Form
Private Limited
Liability Company
Stock Listing
Not Listed
Workforce
2006
40
Office &
Factories
Head offices Plateau Immeuble Gfa 2Eme Etage Fate 1,
Branches None
Company Profile
Paid in Capital CFA. 10,000,000
Subscribed Capital CFA. 10,000,000
Shareholders
Name Position No. of shares Ratio
Mrs. Marie Amoikan CEO
Mr. A
Fauquembergue Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 35,000 is recommendable
Affiliated
Companies
None
Management/
Directors
President/ CEO (1)
Name Mrs. Marie
Amoikan
Remarks Top Decision Maker
President/ CEO (2)
Name Mr. A
Fauquembergue
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
Printing and
publishing books.
Terms of payment
Buying terms 70%
in cash, 30% on LC, TT
Selling terms 50% in cash, 50% on credit
Suppliers
None
Customers
Local agencies ,
stores and outlets
Recent Sales
CFA.
2,100,000,000 (2006)
Exports
Export Ratio
40.0%
Import Ratio
40.0%
Domestic Market
Share
60.0%
Banking
relationship
Main Banks Standard Chartered 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 35,000 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%)