MIRA
INFORM REPORT
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Report Date : |
08.09.2007 |
IDENTIFICATION DETAILS
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Name : |
METALLUX INDUSTRIES SARL |
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Registered Office : |
P O Box E 346, |
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Country : |
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Date of Incorporation : |
18/3/2000 |
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Com. Reg. No.: |
14816 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Retailers of
Building Materials, hardware tools and accessories etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
METALLUX INDUSTRIES SARL
Principal Address
P O Box E 346,
Telephone: +223-2293616
Fax: +223-2293616
Email: None
Internet: None
Established
18/3/2000
Registration
No. 14816
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
40
Office &
Factories
Head offices Immeuble
Balalkokoun, Lasia Bougou, Pres De La Police Du 5e Arrondissement,
Branches None
Company Profile
Paid in Capital CFA. 1,000,000
Subscribed Capital CFA. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. F Adipye Director
Mr. M Kagye Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 20,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. F Adipye |
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Work Experience |
10 years in this line of business |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. M Kagye |
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
Retailers of
Building Materials, hardware tools and accessories etc
Terms of payment
Buying terms 70%
in cash, 30% on Credit
Selling terms 50% in cash, 50% on credit
Suppliers
Various
Customers
Companies and Public
Recent Sales
CFA. 300,000,000 (2006)
Exports
None
Export Ratio 0.0%
Import Ratio 10.0%
Domestic Market Share 20.0%
Banking relationship
Main Banks ECO 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 20,000 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%)