MIRA
INFORM REPORT
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Report Date : |
05.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
ETS ALI MAWEL DIRIEH |
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Registered Office : |
P O Box 362 Djibouti |
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Country : |
Djibouti |
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Date of Incorporation : |
18/9/1991 |
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Com. Reg. No.: |
No. 91B462 Djibouti,
Djibouti |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
General
Merchants |
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 35,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
ETS ALI MAWEL DIRIEH
Principal Address
P O Box 362 Djibouti, Djibouti
Telephone: +253-355137
Fax: +253-355137
Email: None
Internet: None
Established
18/9/1991
Registration
No. 91B462 Djibouti,
Djibouti
Legal Form
Sole
Proprietorship
Stock Listing
Not Listed
Workforce
2007
20
Office & Factories
Head offices Cite Gabode 04 Bp 362, Djibouti Ville,
Djibouti
Branches None
Company Profile
Paid in Capital DJF. 500,000
Subscribed Capital DJF. 500,000
Shareholders
Name Position Amount
Ratio
Mr. Ali Mawel Director 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 35,000 is recommendable
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr.
Ali Mawel Dirieh
Remarks Top
Decision Maker
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
Terms of payment
Buying
terms 50% in cash, 50% on credit
Selling
terms 80% in cash, 20% on credit
Suppliers
None
stated
Customers
Public
Recent Sales
DJF.
320,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
30.0%
Domestic Market Share
5.0%
Banking relationship
Main Banks ICB 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 35,000 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%)