MIRA
INFORM REPORT
|
Report Date : |
26.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GROUPE
SORYKAHI HOLLANDE THIEWE SARL |
|
|
|
|
Registered Office : |
BP 4915 Conakry |
|
|
|
|
Country : |
Guinea |
|
|
|
|
Date of Incorporation : |
5.7.2004 |
|
|
|
|
Com. Reg. No.: |
420618 Conakry, Guinea |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by Shares |
|
|
|
|
Line of Business : |
General Merchants for Various House hold Products etc |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 20,000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
GROUPE SORYKAHI
HOLLANDE THIEWE SARL
Principal Address
BP 4915 Conakry, Guinea
Telephone: +224-2214561
Fax: +224-2214561
Email: None
Internet: None
Established
5/7/2004
Registration
No. 420618 Conakry,
Guinea
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
40
Office & Factories
Head offices BP 4915 Conakry, Guinea
Branches None
Company Profile
Paid in Capital CFA. 10,000,000
Subscribed Capital CFA. 10,000,000
Shareholders
Name Position Amount
Ratio
Mr. A N Magan Director 20.00%
Mr. K M Kaouri Director 20.00%
Others Shareholders 60.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 20,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. A N Magan
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr. K
M Kaouri
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
General merchants
for Various House hold Products etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Various
Customers
None
Recent Sales
CFA. 600,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
10.0%
Domestic Market Share
5.0%
Banking relationship
Main Banks ECO 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 20,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.79 |
|
UK Pound |
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.67.39 |
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%)