MIRA
INFORM REPORT
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Report Date : |
12.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
CIBAKIM |
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Registered Office : |
BP 292 One Industrielle Bamako |
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Country : |
Mali |
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Date of Incorporation : |
22.03.2001 |
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Com. Reg. No.: |
ER1627/2001 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Supplier of all kinds of products based on
the demands of it’s clients such as Foodstuffs, Electric Products, and Raw
Materials. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
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
CIBAKIM
Company acronym:
-
Contact Information
|
Address |
BP 292 One Industrielle Bamako Mali |
|
Telephone |
+223 229 5219 |
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Fax |
+223 229 5219 |
Registration Data
|
Date of Registration |
22/03/2001 |
|
Registration number |
ER1627/2001 |
|
Legal address |
BP 292 One Industrielle Bamako Mali |
|
Legal Form |
Limited Liability Company |
|
Share Capital |
1,500,000.00 XOF |
Shareholders
with Shares
It declined all shareholder information.
Board/Executive
|
Name |
Mr. Cisse Bakary |
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Position within the company |
Director |
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Can fluently speak |
French |
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Name |
Mr. Kibrom Amadou |
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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)
Supplier of all kinds of products based on the
demands of it’s clients such as foodstuffs, Electric products, and raw
materials.
Staff
|
Number of staff employed |
9 |
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 Credits |
|
Import % and type of product |
70%- Finished Goods |
Facilities
|
Rented |
Office |
Bankers
|
Bank |
Development Bank of Mali |
Suppliers,
Partners
|
Suppliers |
Not known |
|
Partners |
Not Known |
Litigation,
Remarks on Payment
|
Litigation |
None Recorded |
|
Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Reporter Comments
|
Comments |
In the interview with Mr. Kibrom Amadou ( Director), he declined the financial information
and bank accounts citing the grounds of company confidentiality. |
|
Local Reputation |
The company being investigated is believed by local reporters to be a High Trade Risk. The company is
not known on Mali market. |
|
Owner/Shareholders Comments |
Some 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.71 |
|
UK Pound |
1 |
Rs.72.85 |
|
Euro |
1 |
Rs.64.70 |
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 |
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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%)