MIRA
INFORM REPORT
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Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
GOLDEN
TEXTILES |
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Registered Office : |
Bp 428 Brazzaville |
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Country : |
Congo |
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Date of Incorporation : |
1.04.2006 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Distributors of textiles and Textile materials |
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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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
GOLDEN TEXTILES
Principal Address
Bp 428 Brazzaville, Congo
Telephone: +242-823891
Fax:+242-823891
Email
None
Internet
None
Established
1/4/2006
Registration
Brazzaville, Congo
Legal Form
Sole
proprietorship
Stock Listing
Not Listed
Workforce
2006
10
Office &
Factories
Head offices De La Foire, Brazzaville, Congo
Branches None
Company Profile
Paid in Capital CFA. 20,000,000
Subscribed Capital CFA. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. H Nahlel Director 100.00%
Mr. R Butola Manager
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 30,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. H
Nahlel
Remarks Top
Decision Maker
Þ Top decision maker is the person who has the
ultimate authority or power to make important manageria decisions. He/She may or
may not be officially registered as a president or an executive director.
Business Activities
Distributors of
textiles and Textile materials etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None Stated
Customers
None
Recent Sales
CFA. 100,000,000
(2006)
Exports
Neighboring
Countries
Export Ratio
20.0%
Import Ratio
10.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks BGFI 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 30,000 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%)