MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
SENEGALAISE DES EAUX |
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Registered Office : |
Route Du Front De Terre 224, |
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Country : |
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Date of Incorporation : |
23/4/1995 |
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Com. Reg. No.: |
197843 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Production and
distribution of drinking water, Water Supply and Irrigation Systems |
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 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
SENEGALAISE DES EAUX
Principal Address
Route Du Front De Terre 224,
Telephone: +221-8325247
Fax: +221-8392013
Email: eau@sde.sn
Internet: www.sde.sn
Established
23/4/1995
Registration
No. 197843
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
1,200
Office &
Factories
Head offices BP 224,
Rte. du Front de Terre,
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. Mamadou
Dia CEO
Mr. Fabrice Pagani Director
Mr. Babacar Diouf Director
Mr. Sebasatian
Lambert Director
Saur International
group (BOUYGUES) Holding
Government Of
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 250,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Mamadou Dia |
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Remarks |
Top Decision Maker |
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President/
CEO (2) |
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Name |
Mr. Fabrice Pagani |
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
Production and
distribution of drinking water, Water Supply and Irrigation Systems
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies, stores and
outlets
Recent Sales
CFA. 52,500,000,000 (2006)
Exports
None
Export Ratio 0.0%
Import Ratio 20.0%
Domestic Market Share 90.0%
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 250,000 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%)