MIRA
INFORM REPORT
|
Report Date : |
04.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ETABLISSEMENT ESSALAM IMPORT EXPORT |
|
|
|
|
Registered Office : |
Lot No 35, Avenue General De Degaulle Nouakchott |
|
|
|
|
Country : |
Mauritania |
|
|
|
|
Date of Incorporation : |
1996 |
|
|
|
|
Com. Reg. No.: |
21685 |
|
|
|
|
Legal Form : |
Societe A Responsibilite Limitee |
|
|
|
|
Line of Business : |
Other Computer Related Activities |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name of the company
ETABLISSEMENT ESSALAM IMPORT EXPORT
Registration Briefing
Registration Number: 21685
Registration Date: 1996
Legal Form: SOCIETE A
RESPONSIBILITE LIMITEE
Latest Financials: N/A
Financial Briefing
Nominal Capital: 10,000,000
Mauritanian Ouguiya
Issued Capital: N/A
Turnover: 163,500,000
Mauritanian Ouguiya
Net Profit: N/A
Net Worth: N/A
Original Investigation Details
Company Name: ETS
ESSALAM IMPORT EXPORT
Country: MM
Street Name: LOT
NO 35, AVENUE GENERAL DE DEGAULLE
NOUAKCHOTT
City Code:
Phone Number: 222
52 621
Registration
Number: 21685
Company Details
Company Name: ETABLISSEMENT
ESSALAM IMPORT EXPORT
Headquarter
Address: Lot
N° 35, Avenue Generale Charles De Gaulle,
Nouakchott,
Mauritania
Postal Address: P.O.Box
2946,
Nouakchott
Telephone: +222525
6621
+222525
6735
E‑Mail: essalam@mauritel.mr
Company was
originally started on 1996
Registration & Legal Details
Current Legal
Form: SOCIETE
A RESPONSIBILITE LIMITEE
Registration
Address: Lot
N° 35, Avenue Generale Charles De Gaulle,
Nouakchott
Registration
Number: 21685
Registration Date: 1996
Year/Date Company
Established: 1996
Registration Town: Nouakchott
Capital
Currency:
Mauritanian Ouguiya
Nominal Capital: 10,000,000
Paid Up Capital: 10,000,000
Shareholders
Shareholders:
Name/Address Shares Held % of Voting/Non‑Voting
capital
100.00%
(VOTING)
Mr Ghary Ouled Yaha,
Nouakchott,
Mauritania
Principals
Name: Mr
Ghary Ouled Yaha
Position within
the company: Managing
director
Country of Birth: Mauritania
Nationality: Mauritian
Can fluently
speak: French
Company Activities
NACE Codes: 7260 Other
computer related activities
The company activity is centred around importation
and distribution of computer equipment. Subject imports 100% of these products
from France, Belgium, Dubai, UAE, Asia and Morocco. Subject then distributes
imported products on a wholesale basis to the local market through their
distributors. This company does not export.
Local Reporters
consider the investigated company to be MEDIUM in their field of concern.
Operations
Employees Company Employs: 5
HQ Premises Operates from: Rented Office
Location: Central
Business Area, Side Road
Imports
Import % and type
of product: 100%
Finished Goods
Imports From: France,
Belgium, Dubai, U A E, Central Asia, Morocco
Importing Terms: 60/90
days credit, cash against documents
Exports
Export % and type
of product: Subject
does not export
Trading & Selling
Territory: 100%
Nationally
Type of Customer: Distributors
and wholesalers
Related Companies
Information on
Related Companies is not available/applicable
Bankers
Banque
Mauritanienne pour le Commerce International,
Branch: Head
office
Avenue Gamal Abdel
Nasser , BP 622,
Nouakchott,
Mauritania
Financial Information
Source: Mr
Ghary Ouled Yaha
Figures are: Estimates
Currency: Mauritanian
Ouguiya
Months
Sales Figures Sales Gross Profit/Loss Net Profit/Loss
12 31/12/2005
163,500,000.00
Payments
Subject's payments
reported to be: NO COMPLAINTS
Interview & Reporter Comments
Comment: We
have been unable to contact a company official.
Reporter Comment: The number phone submitted 222
52621 is incomplete, we tried to
contact the subject several times using the number phone 222 525 6621 and 222
525 6735 but no one has answered.
Conclusions
Local Reputation: The company being investigated
is believed by local reporters to be a Medium Trade Risk.
General
Conclusion: Informants
suggest that suppliers monitor this account.
Age of Business: The
company is long established in the local market.
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%)