MIRA
INFORM REPORT
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Report Date : |
29.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
STE MONICO S.A.R.L |
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Registered Office : |
P O Box 12995, Lome |
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Country : |
Togo |
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Date of Incorporation : |
01.02.1991 |
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Com. Reg. No.: |
2259 Lome Togo |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Importers &
Distributors of Building Materials, Hardware, General Trading 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 80,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
STE MONICO S.A.R.L
Other Name
SOCIETE MONICO SARL
Principal Address
P O Box 12995, Lome Togo
Telephone: +228-2218124/ 2205454
Fax: +228-2205454
Email: None
Internet: None
Established
01/02/1991
Registration
No. 2259 Lome Togo
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
60
Office & Factories
Head offices Avenue Du 24 Janvier, Opp. Financial Bank,
Lome Togo
Branches None
Company Profile
Paid in Capital CFA. 50,000,000
Subscribed Capital CFA. 50,000,000
Shareholders
Name Position Amount
Ratio
Mr. Kishnani
Shankar CEO 35.00%
Mr. Deepesh
Shankar Director 35.00%
Mr. P S Patel Director 30.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
None Stated
Management/ Directors
President/ CEO (1)
Name Mr. Kishnani Shankar
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Deepesh Shankar
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
Importers &
distributors of building materials, hardware, general trading etc
Terms of payment
Buying
terms 30% in cash, 70% on credit
Selling
terms 80% in cash, 20% on credit
Suppliers
None
Customers
Local agencies ,Building
companies etc
Recent Sales
CFA.
625,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
40.0%
Domestic Market Share
20.0%
Banking relationship
Main Banks BCCI
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 80,000 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%)