MIRA
INFORM REPORT
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Report Date : |
19.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL TRADERS |
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Registered Office : |
E 7375, 11 Rue De La Victoria, Bujumbura |
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Country : |
Burundi |
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Date of Incorporation : |
20.4.2006 |
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Com. Reg. No.: |
92412 Bujumbura, Burundi |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
General
Merchants and Traders |
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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Status : |
Small Concern |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
GLOBAL TRADERS
Principal Address
E 7375, 11 Rue De La Victoria, Bujumbura, Burundi
Telephone: +257-222-588281
Fax: +257-222-588706
Email: None
Internet: None
Established
20/4/2006
Registration
No. 92412 Bujumbura,
Burundi
Legal Form
Sole
proprietorship
Stock Listing
Not Listed
Workforce
2007
5
Office & Factories
Head offices E 7375, 11 Rue De La Victoria, Bujumbura, Burundi
Branches none
Company Profile
Paid in Capital BIF. 1,000,000
Subscribed Capital BIF. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. P M Wasilwa Director 100.00%
Total 100.00%
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. P
M Wasilwa
Remarks Top
Decision Maker
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
General Merchants
and Traders
Terms of payment
Buying terms None
Stated
Selling terms Declined
Suppliers
None Stated
Customers
Stores and outlets
Recent Sales
BIF. 150,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
60.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks BDI
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 still
average.
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%)