MIRA
INFORM REPORT
|
Report Date : |
08.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
SOCIETE COMMERCIALE DES
SUPERS BAZARS SARL |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
4/5/1985 |
|
|
|
|
Com. Reg. No.: |
85K809 |
|
|
|
|
Legal Form : |
Limited
Liability Company, Limited by shares |
|
|
|
|
Line of Business : |
Retailers of
general Products, hardware, paints and household products etc |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 80,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
SOCIETE COMMERCIALE DES SUPERS BAZARS SARL
Other Name
SOCSUBA SUPERMARCHE/
SOSCUBA
Principal Address
Telephone: +237-2235259/ 2230550
Fax: +237-2235351
Email: socsuba@camnet.cm
Internet: None
Established
4/5/1985
Registration
No. 85K809
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
260
Office &
Factories
Head offices Boulevard De L'ocam 333,
Branches None
Company Profile
Paid in Capital CFA. 3,000,000,000
Subscribed Capital CFA. 3,000,000,000
Shareholders
Name Position Amount
Ratio
Mr. Victor
Djimeli President & CEO 46.30%
Equatorial
Management Company Holding Co. 53.70%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
None stated
Management/ Directors
|
President/
CEO (1) |
|
|
Name |
Mr. Victor Djimeli |
|
Remarks |
Top Decision Maker |
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
general Products, hardware, paints and household products etc
Terms of payment
Buying terms 50%
in cash, 50% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Various
Customers
Local public
Recent Sales
CFA. 10,000,000,000 (2006)
Exports
None
Export Ratio 0.0%
Import Ratio 40.0%
Domestic Market Share 30.0%
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 80,000 outstanding at any one time.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)