MIRA
INFORM REPORT
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Report Date : |
15.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
BATIPLUS INDUSTRIE SA |
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Registered Office : |
KM 11 Entree De Pikine BP 4334 Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
06.10.1999 |
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Com. Reg. No.: |
0607953 5G8 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Quality control services for civil engineering and the building
industry and Plant safety and reliability consultants |
RATING &
COMMENTS
|
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 : |
USD4,000.00 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Name
Batiplus Industrie SA
Also Trade as:
-
Contact Information
|
Address |
KM 11 Entree De Pikine BP 4334 Dakar Senegal |
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Postal Address |
4334 |
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Telephone |
+ 221 8398020 |
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Fax |
+ 221 8398020 |
Registration Data
|
Date of Registration |
06/10/1999 |
|
Registration number |
0607953 5G8 |
|
Legal address |
KM 11 Entree De Pikine BP 4334 Dakar Senegal |
|
Legal Form |
Joint Stock Company |
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Share Capital |
15,200,000 XOF |
Shareholders
with Shares
|
Shareholder Names |
Share% |
|
Batiplus France |
Over 51% |
Board/Executive
|
Name |
Mr. Ndiaga Dara |
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Position within the company |
Director |
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Country of Birth |
Senegal |
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Nationality |
Senegal |
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Can fluently speak |
English, French |
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Name |
Mr. Madiaw Muchoki |
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Position within the company |
Director |
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Country of Birth |
Senegal |
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Nationality |
Senegal |
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Can fluently speak |
English, French |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
Quality control services for civil engineering and the building industry
and Plant safety and reliability consultants
Staff
|
Number of staff employed |
8 |
Export/Import
( Countries,
goods and total values for the period)
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Imports From |
France, Switzerland |
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Importing Terms |
Letters of credit |
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Import % and type of product |
30% -
Finished Products |
Facilities
|
Rented |
Office, Warehouse |
Subsidiaries
and Participation
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Parent Company |
Batiplus 91, Avenue Ledru Rollin |
Bankers
|
Bank |
African Development Bank |
Suppliers,
Partners
|
Suppliers |
Not known |
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Partners |
Not Known |
Litigation,
Remarks on Payment
|
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. Madiaw Muchoki ( Director) , he declined bank
account number and financial information citing the grounds of company
confidentiality. |
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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 on Senegal market. |
|
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 Family Business |
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MAX CREDIT |
USD4,000.00 |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.82 |
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UK Pound |
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.65.56 |
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%)