MIRA
INFORM REPORT
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Report Date : |
17.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
AFRIQUE
LOGISTIQUE MALI |
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Registered Office : |
BP 2180, Bamako |
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Country : |
Mali |
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Date of Incorporation : |
12.9.1998 |
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Com. Reg. No.: |
64172 Bamako, Mali |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Logistics, Clearing and Forwarding and Transportation Company |
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 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
AFRIQUE
LOGISTIQUE MALI
Other Name
AFRILOG SA
Principal Address
BP 2180, Bamako, Mali
Telephone: +223-2225495/ 2531376
Cell +223-6749128
Fax: +223-22251
Email: mohamed.thiam@afrilogmali.com
Internet: None
Established
12/9/1998
Registration
No. 64172 Bamako, Mali
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
60
Office & Factories
Head offices Rue 18 Porte 822, Badalabougou Est, Bamako,
Mali
Branches Kayes, mali
Company Profile
Paid in Capital CFA. 100,000,000
Subscribed Capital CFA. 100,000,000
Shareholders
Name Position Amount
Ratio
Mr. Mohamed Thiam CEO 80.00%
Mr. Eric Seko Director 20.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr.
Mohamed Thiam
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
Logistics,
clearing & Forwarding & transportation company
Terms of payment
Buying
terms 30% in cash, 70% on credit
Selling
terms 80% in cash, 20% on credit
Suppliers
Various.
Customers
Morila and Loulo Gold mines
Recent Sales
CFA.
480,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
5.0%
Banking relationship
Main Banks BCA 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
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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%)