MIRA
INFORM REPORT
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Report Date : |
12.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIFFUSION INDUSTRIELLE AUTOMOBILE ET COMMERCIALE DU
FASO |
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Registered Office : |
01 BP 41, 41012 Ouagadougou |
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Country : |
Burkina Faso |
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Date of Incorporation : |
5.7.1992 |
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Com. Reg. No.: |
1150B Ouagadougou, Burkina
Faso |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Retailers of Motor Vehicles and Car accessories |
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 |
COMPANY REPORTED
DIFFUSION INDUSTRIELLE AUTOMOBILE ET COMMERCIALE DU
FASO
Other Name
DIACFA
Principal Address
01 BP 41, 41012 Ouagadougou, Burkina Faso
Telephone: +226-50-306292/
313352/ 307102/ 306298
Fax: +226-50-306300
Email: Diacfa.loca@river.bf
Internet: None
Established
5/7/1992
Registration
No. 1150B Ouagadougou, Burkina Faso
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2005
80
Office & Factories
Head offices 01 BP 41, 41012 Ouagadougou, Burkina Faso
Branches None
Company Profile
Paid in Capital CFA. 10,000,000
Subscribed Capital CFA. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. Joseph
Fadoul President & CEO 25.00%
Mr. Serge Fadoul President & CEO 25.00%
Mr. Joseph Farath Director 25.00%
Mr. Germain Claude Director 25.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated Companies
Company (1) DIACFA HIGH TECH
Head Office Rue
de la Chance, Ouagadougou, Burkina Faso
Line of Business Suppliers of Office Automation
Systems, Photocopiers, Networking equipment, Air Conditioning Appliances, Refrigerators etc
Management/ Directors
President/ CEO (1)
Name Mr. Joseph Fadoul
Work
Experience 20 years in this
line of business
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Serge Fadoul
Education Graduated from SPS,
Nairobi
Work
Experience 25 years in this
line of business
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
Retailers of Motor
Vehicles and Car accessories etc
Terms of payment
Buying terms 30% in cash, 70% on credit/
LC
Selling terms 50% in cash, 50% on credit/
Finance
Suppliers
RENAULT, MITSUBISHI, JIANSHE, BOSCH
Customers
Local agencies, Department
stores, stores and outlets
Recent Sales
CFA. 2,400,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
50.0%
Domestic Market Share
30.0%
Banking relationship
Main Banks Eco 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 100,000 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%)