MIRA
INFORM REPORT
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Report Date : |
22.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ETS
CARIMEX |
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Registered Office : |
Boulevard De Mars, 29 BP 220, Abidjan |
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Country : |
Ivory Coast |
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Date of Incorporation : |
16.4.1998 |
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Com. Reg. No.: |
97148 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Retailers of
General Hardware Tools etc |
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
ETS CARIMEX
Principal Address
Boulevard De Mars, 29 BP 220, Abidjan, Ivory Coast
Telephone: +225-21-352390 / 350220
Fax: +225-21-350220
Email: None
Internet: None
Established
16/4/1998
Registration
No. 97148, Abidjan, Ivory Coast
Legal Form
Sole
Proprietorship
Stock Listing
Not Listed
Workforce
2007
40
Office & Factories
Head offices Boulevard De Mars, Abidjan, Ivory Coast
Branches None
Company Profile
Paid in Capital CFA. 50,000,000
Subscribed Capital CFA. 50,000,000
Shareholders
Name Position Amount
Ratio
Mr. Arthur
N'guessan Director
Mr. Madhi Edwige Director
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. Arthur N'guessan
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
Retailers of
General hardware tools etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None stated
Customers
Local agencies and outlets
Recent Sales
CFA. 480,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
15.0%
Banking relationship
Main Banks BOA 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%)