MIRA
INFORM REPORT
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Report Date : |
08.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE |
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Registered Office : |
01 Bp 516, |
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Country : |
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Date of Incorporation : |
6/7/88 |
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Com. Reg. No.: |
10879/B |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Supermarket for
Household Goods, food products & allied stuffs 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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
SOCIETE
Other Name
SMM
Principal Address
01 Bp 516,
Telephone: +226-50-312880/ 2828/ 0965
Fax: +226-50-310965
Email: None
Internet: None
Established
6/7/88
Registration
No. 10879/B
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
200
Office &
Factories
Head offices Avenue Du Grand Marche,
Branches 9 Branches in
Company Profile
Paid in Capital CFA. 200,000,000
Subscribed Capital CFA. 200,000,000
Shareholders
Name Position Amount
Ratio
Mr. H Nohra Director 20.00%
Mr. K Arnold Director 20.00%
Other shareholders 60.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. H Nohra |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. K Arnold |
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
Supermarket for
Household Goods, food products & allied stuffs etc
Terms of payment
Buying terms 20%
in cash, 80% on credit
Selling terms 90% in cash,10% on credit
Suppliers
The Mikate Suppliers Ltd.
Customers
Nakumatt, Uchumi, Local
agencies ,Department stores, it also owns its own chain of stores and outlets
Recent Sales
CFA. 1,250,000,000 (2006)
Exports
None
Export Ratio 0.0%
Import Ratio 70.0%
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 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%)