MIRA INFORM REPORT

 

 

 

Report Date :

11.06.2008

 

IDENTIFICATION DETAILS

 

Name :

ECONOMIC COMMUNITY FOR CENTRAL AFRICAN STATES

 

 

Registered Office :

1-3 Ahmadu Ahidjo Lane

 

 

Country :

Cameroon

 

 

Date of Incorporation :

18.10.1983

 

 

Legal Form :

None Governmental Organsitaion

 

 

Line of Business :

Promote and Enhance of Central African Countries Trade

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

 

COMPANY REPORTED

 

ECONOMIC COMMUNITY FOR CENTRAL AFRICAN STATES

 

 

Other Name

 

ECCAS

 

 

Principal Address

 

1-3 Ahmadu Ahidjo Lane Cameroon

Telephone:  +241-444731

Fax: +241-444731

Email: info@ceeac-eccas.org

Internet: www.ceeac-eccas.org

 

 

Established

 

18/10/1983

 

 

Registration  

Gabon

 

 

Legal Form

 

None Governmental Organsitaion

 

 

Stock Listing 

 

Not Listed

 

 

Workforce

 

2007                                                                                         

1000                                                                                         

 

 

 

 

Office & Factories  

 

Head offices                                   City High Gue de Gue, BP 2112, Libreville - Gabon

Branches                                       Angola, Burundi, Central African Republic, Chad, Congo (Brazzaville), DRC Congo, Equatorial Guinea, Gabon, Rwanda, Sao Tome et Principe

 

 

Company Profile 

 

Nomainal Budget                            CFA. 1,000,000,000

 

 

Shareholders     

 

Name                                           Position                          Amount                  Ratio

Mr. Egidio Santos                          President & CEO                                           

Mr. Gaston Kemyou                       Director                                                         

Member states                               Shareholders                                                  100.00%

Total                                                                                                                  100.00%

 

 

Credit Opinion     

 

We proposed Secured credit or LCs

 

 

Affiliated Companies   

 

None

 

 

Management/ Directors    

 

President/ CEO (1)            

Name                                Mr. Egidio Santos       

Remarks                           Top Decision Maker

 

President/ CEO (2)            

Name                                Mr. Gaston Kemyou

 

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 

 

Promote & Enhance of central African Countries Trade

 

 

Terms of payment

 

Buying terms                     Terms

Selling terms                     Tenders

                                       

 

Suppliers   

 

Various

 

 

Customers 

 

Community countries

 

 

Banking relationship  

 

Main Banks                      ECO Bank

                                        DBA 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

 

We proposed Secured credit or LCs

 

 

 

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions