MIRA
INFORM REPORT
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Report Date : |
02.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOPRODAL SARL |
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Registered Office : |
Bp 3657, Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
04.09.1997 |
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Com. Reg. No.: |
97B972 Dakar, Senegal |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Importation and Distribution of foodstuff etc. |
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 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
COMPANY
NAME: SOPRODAL SARL
Other
Name SOCIETE DE PROMOTION COMMERCIALE
AFRICAINE
ADDRESS
Principal Address: Bp 3657, Dakar, Senegal
Telephone: +221-221755/
212399
Fax: +221-212399
Email: soprodal@sentoo.sn
Internet: None
Established
4/9/1997
Registration
No. 97B972 Dakar, Senegal
Legal Form
Limited Liability Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
60
Office &
Factories
Head offices Rue Vincens No. 67, Dakar, Senegal
Branches None
Company Profile
Paid in Capital CFA. 10,000,000
Subscribed
Capital CFA. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. Jean Castro Director 20.00%
Mr. Amadou Foud Director 20.00%
Other Shareholders Shareholder 60.00%
Total 100.00%
Credit Opinion: Our proposed credit amount of USD 50,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/
CEO (1)
Name Mr. Jean Castro
Remarks Top Decision Maker
President/
CEO (2)
Name Mr.
Amadou Foud
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
Importation and distribution of foodstuff etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies , stores and outlets
Recent Sales CFA. 600,000,000 (2007)
Exports
Europe
Export Ratio 50.0%
Import Ratio
50.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks Standard 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 50,000 outstanding at any one time.
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%)