MIRA
INFORM REPORT
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Report Date : |
12.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
CABINET D'AVOCATS BENIOT JOSEPH SAWADOGO |
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Registered Office : |
994 Rue Agostino Neto, 01 BP 827,
Ouagadougou |
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Country : |
Burkina Faso |
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Date of Incorporation : |
12.08.1995 |
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Com. Reg. No.: |
8413 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Service Provider of Business Laws for
Companies and Individuals. |
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 3,000.00 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
Cabinet D'avocats Beniot Joseph Sawadogo
Company acronym:
-
Contact Information
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Address |
994 Rue Agostino Neto Burkina Faso |
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Telephone |
+226 503 006975 |
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Fax |
+226 503 10012 |
Registration Data
|
Date of Registration |
12/08/1995 |
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Registration number |
8413 |
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Legal address |
994 Rue Agostino Neto Burkina Faso |
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Legal Form |
Private Limited Company |
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Share Capital |
2,450,000.00 XOF |
Shareholders
with Shares
It declined all
shareholder names.
Board/Executive
|
Name |
Mr. Suleman Rawaa |
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Position within the company |
Director |
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Can fluently speak |
French |
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Name |
Mr. Issa Messer |
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Position within the company |
Director |
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Can fluently speak |
French |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
Service provider of business laws for
companies and individuals.
Staff
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Number of staff employed |
10 |
Export/Import
( Countries, goods and total values for the period)
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Imports From |
Europe |
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Importing Terms |
Letters of Credit |
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Import % and type of product |
5% - Finished Products |
Facilities
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Rented |
Office |
Bankers
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Bank |
Bank of Africa |
Suppliers,
Partners
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Suppliers |
Not known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Reporter Comments
|
Comments |
In the interview conducted with Mr. Issa Messer (Director) , he declined all financial information and bank account numbers citing the
grounds of company confidentiality. Note: The registered
name of company is Cabinet D'avocats Beniot Joseph Sawadogo. |
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Local Reputation |
The company being investigated is believed by local reporters to be a High Trade Risk and to be
secured. The company is not known company on Burkina Faso
Market. |
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Owner/Shareholders Comments |
All or most of the owners / shareholders have an active participation in
the running of the business. |
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Age of Business |
Old Business |
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MAX CREDIT |
USD 3,000.00 |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.71 |
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UK Pound |
1 |
Rs.72.85 |
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Euro |
1 |
Rs.64.70 |
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%)