MIRA
INFORM REPORT
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Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
DJUNGA AND
RISASI ADVOCATES |
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Registered Office : |
7th Floor UBC Center Avenue Des Aviatweurs Kinshasa Gombe, DRC |
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Country : |
Congo |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
14.2.2000 |
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Com. Reg. No.: |
82078 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Corporate and Commercial
Legal Firm |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
SUBJECT'S NAME
Registered Name: DJUNGA AND RISASI ADVOCATES
Requested Name: DJUNGA
AND RISASI ADVOCATES
Other Names: None found.
ADDRESS AND TELECOMMUNICATION
Physical Address: 7th
Floor UBC Center Avenue Des Aviatweurs Kinshasa Gombe, DRC
Postal Address: P.o Box 12368
Kinshasa
Country: Congo
Phone: 243-81-8846366/8846225/8848336
Fax: 243-81-3016638
Email: jurisconsults@ic.cd / djuris@djuris.com
Website: none
CREDIT OPINION & RISK RATING
ASSESSMENT
Financial Index as of December 2007 shows subject firm
with a medium risk of credit. However, bank and credit information obtained
reveal a history of prompt payments. We recommend Credit of USD 100,000 on 90
days.
LEGAL
Legal Form: Limited Corporation
Date Incorporated: 14/2/2000
Reg. Number: 82078
Nominal Capital CFA 1,000,000
Subscribed Capital CFA 1,000,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. Lamnert S. Djunga Director 50%
Mr. Pierre M. Risasi Director 50%
RELATED COMPANIES
None Parent company.
None Subsidiary company.
Lex Africa Affiliated company.
None Shareholder of subject firm.
Various offices in Congo Branches of the firm
OPERATIONS
Registered to operate as a corporate and commercial
legal firm
Imports: None
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: Banks,
Telecommunications firms
Employees: 40
employees.
Vehicles: Several
motor vehicles.
Territory of sales: DR
Congo
Location: Owned
premises, 20.000 square feet,
AUDITORS AND INSURANCE
Auditors: Price water house coopers
Insurance Brokers: Tausi
Assurance
FINANCE
Currency Reported: West Africa Franc (CFA)
Approx. Ex. Rate: 1 US Dollar = 516 West Africa Franc
Fiscal Year End: December 31, 2007
Inflation: According to
information given by independent sources, the inflation at December 31st,
2007 was of 13%.
Financial Information Not Submitted
2007
Sales 2,000,000,000
BANK
Bank Name: ECO Bank
Branch: Kinshasa
Comments: None
TRADE
REFERENCES
Experiences: Good
NOTARIAL BONDS None
CHECK
INSOLVENCIES
The checks have been
made on: The company
and partners
COMMENTS / ADDITIONAL INFORMATION
This information was obtained from outside sources
other than the subject company itself and confirmed the above subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.52 |
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UK Pound |
1 |
Rs.72.62 |
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Euro |
1 |
Rs.63.76 |
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%)