MIRA
INFORM REPORT
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Report Date : |
12.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SENE
CARREAUX KEUR KHADIM |
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Registered Office : |
P.O Box 26114 Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
21.4.1987 |
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Com. Reg. No.: |
87B1226 Dakar, Senegal |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Dealers in Bathroom Furniture, Tiles and Sanitaries, and also Office |
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
SENE CARREAUX KEUR
KHADIM
Principal Address
P.o Box 26114 Dakar, Senegal
Telephone: +221-338350138/8594040/37
Fax: +221-338326262
Email: info@senecarreaux.sn
Internet: www.senecarreaux.sn
Established
21/4/1987
Registration
No. 87B1226 Dakar,
Senegal
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
200
Office & Factories
Head offices Scat-Urbam Hann Mariste 04 Llot Ze-Ib Dakar,
Senegal
Branches (5) Dakar, Thies & touba
Company Profile
Paid in Capital CFA. 50,000,000
Subscribed Capital CFA. 50,000,000
Shareholders
Name Position Amount
Ratio
Mr. Mor Gueye CEO
Mr.M Moustapha Director
Mr. A Amodou Director
Shareholders Shareholders 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated Companies
Company (1) ANTARES
Company (2) CERABATI
Company (3) CAP-MG
Management/ Directors
President/ CEO (1)
Name Mr. Mor
Gueye
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.M
Moustapha
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
Dealers in
bathroom furniture, tiles and sanitaries, and also office
Terms of payment
Buying terms 30%
in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Antres, Cerebati etc
Customers
Companies & Public
Recent Sales
CFA. 2,650,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
10.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks CCF 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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.82 |
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UK Pound |
1 |
Rs.84.89 |
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Euro |
1 |
Rs.68.07 |
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%)