MIRA
INFORM REPORT
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Report Date : |
31.08.2007 |
IDENTIFICATION DETAILS
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Name : |
BERNABE SENEGAL SA |
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Registered Office : |
Route De Rufisque KM 2.5, BD DU Centenaire
De La Commune 2098 |
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Country : |
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Date of Incorporation : |
14/7/1998 |
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Com. Reg. No.: |
1964B7132 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Distributors and
Retailers of hardware materials, equipments and tools 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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COMPANY REPORTED
BERNABE SENEGAL SA
Principal Address
Route De Rufisque KM 2.5, BD DU Centenaire De La Commune 2098
Principal Address
B.p. 2098
Telephone: +221-8490105/ 8490101
Fax: +221-8233420
Email: bernasng@sentoo.sn
Internet: www.bernabe.sn
Established
14/7/1998
Registration
No. 1964B7132
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
50
Office &
Factories
Head offices Km 2.5
Boulevard Bd du Centenaire de la Commune de Dakar,
Branches None
Company Profile
Paid in Capital CFA. 762,300,000
Subscribed Capital CFA. 762,300,000
Shareholders
Name Position Amount
Ratio
Mr. Maupome
Etienne MD
Mr. Bassem Nsouli Director
Mr. Mekbebe
Yohannes Director
Mr. Abdoulaye Diao Director
Yeshi Group Holding
Company 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated Companies
Company (1) BERNABE CAMEROUN
Company (2) BERNABE
Company (3) BERNABE
GUINEE EQUATORIALE
Company (4) MONDIAL
CYCLE NOUVELLE
Company (5) RIMCO
(
Company (6) TECHNOLOGIE
MAROCAINE DES 2 ROUES
Company (7) UNIVERSELLE
INDUSTRIE SARL
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Maupome Etienne |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Bassem Nsouli |
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
Distributors and
Retailers of hardware materials, equipments and tools etc
Terms of payment
Buying terms 30%
in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
SNR group etc
Customers
Public in general
Recent Sales
CFA. 3,200,000,000 (2006)
Exports
None
Export Ratio 0.0%
Import Ratio 50.0%
Domestic Market Share 40.0%
Banking relationship
Main Banks BICIS 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%)