MIRA
INFORM REPORT
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Report Date : |
22.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOCIETE
NADIPLAST |
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Registered Office : |
70 Rue Galandou Diouf, Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
14.02.1995 |
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Com. Reg. No.: |
95B486 |
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Legal Form : |
Limited
Liability Company, Limited by Shares |
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Line of Business : |
Manufacturers of
Plastic 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 60,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
SOCIETE NADIPLAST
Principal Address
70 Rue Galandou Diouf, Dakar, Senegal
Telephone: +221-33-8223145 / 8223581/ 8326093
Fax: +221-33-8223581
Email: None
Internet: None
Established
14/2/1995
Registration
No. 95B486 Dakar,
Senegal
Legal Form
Limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
60
Office & Factories
Head offices 70 Rue Galandou Diouf, Dakar, Senegal
Branches None
Company Profile
Paid in Capital CFA. 20,000,000
Subscribed Capital CFA. 20,000,000
Shareholders
Name Position Amount
Ratio
Mr. Aboubakrine
Aicha Director
Mr. Chikh Abdelkrim Director
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 60,000 is recommendable
Affiliated Companies
None Stated
Management/ Directors
President/ CEO (1)
Name Mr. Aboubakrine Aicha
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Chikh Abdelkrim
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
Manufacturers of
Plastic etc
Terms of payment
Buying terms 50% in cash, 50% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
None Stated
Customers
Companies and Distribution
Outlets
Recent Sales
CFA. 620,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
20.0%
Domestic Market Share
10.0%
Banking relationship
Main Banks STE Generale Agence Roume
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 60,000 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%)