MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
STE AMIC SARL |
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Registered Office : |
03 BP 1310 Cotonou |
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Country : |
Benin |
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Date of Incorporation : |
7.4.2004 |
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Com. Reg. No.: |
04B1425 Benin |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Importers and Distributors of Food Products and Fresh Fruits and
Spices |
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 : |
Clear |
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Litigation : |
No Complaints |
COMPANY REPORTED
STE AMIC SARL
Principal Address
03 BP 1310 Cotonou Benin
Telephone: +229-97692058
Fax: +229-21323709
Email: bonfinfernande@yahoo.com
Internet: None
Established
7/4/2004
Registration
No.04B1425 Benin
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
30
Office & Factories
Head offices Cotonou 9121 Missebo Street Cotonou Benin
Branches None
Company Profile
Paid in Capital CFA. 10,000,000
Subscribed Capital CFA. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. Bassey
Lekwauwa Director 40.00%
Mr. Franck Agwu Director 30.00%
Mr. Oliver Nnanna Director 30.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 20,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. Bassey Lekwauwa
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Franck Agwu
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
Importers &
Distributors of Food products & fresh fruits & spices
Terms of payment
Buying terms 30% in cash, 70% on LC’s
Selling terms 50% in cash, 50% on credit
Suppliers
Various
Customers
Distribution stores and
outlets
Recent Sales
CFA. 240,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
10.0%
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 20,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.82 |
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UK Pound |
1 |
Rs.80.01 |
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Euro |
1 |
Rs.63.83 |
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%)