MIRA
INFORM REPORT
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Report Date : |
02.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
ORANGE DRUGS / APPARELS SARL |
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Registered Office : |
BP 13447 Lome |
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Country : |
Togo |
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Date of Incorporation : |
10/5/1996 |
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Com. Reg. No.: |
No. 512748 Togo |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
General Merchant
for Pharmaceutical, vitamin supplement products, clothing’s, 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 |
Name of COMPANY
ORANGE
DRUGS/APPARELS SARL
Principal Address
BP 13447 Lome Togo
Telephone: +228-9274210/
9675935
Fax: +228-9274210/
9675935
Established
10/5/1996
Registration
No. 512748 Togo
Legal Form
Sole
Proprietorship
Stock Listing
Not Listed
Workforce
2006
10
Office & Factories
Head offices Plot 165/166 Rue De Bananier, Lome Togo
Branches Mali, Burkina Faso, Senegal
Company Profile
Paid in Capital CFA. 1,000,000,000
Subscribed Capital CFA. 1,000,000,000
Shareholders
Name Position Amount
Ratio
Dr. Ahmeed Farouk Director 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 20,000 is
recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Dr. Ahmeed Farouk
Remarks Top
Decision Maker
Ž 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
General Merchant for Pharmaceutical, vitamin supplement products,
clothing’s, etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local Department stores,
and outlets
Recent Sales
CFA. 200,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
30.0%
Domestic Market Share
5.0%
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 isstill 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%)