MIRA
INFORM REPORT
|
Report Date : |
06.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ALAN DICK & COMPANY CAMEROON SA |
|
|
|
|
Registered Office : |
Immeuble 3T Entree Sud du Port de Douala
Douala BP 23 20 |
|
|
|
|
Country : |
Cameroon |
|
|
|
|
Date of Incorporation : |
4.5.1999 |
|
|
|
|
Com. Reg. No.: |
89241 Cameroon |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by Shares |
|
|
|
|
Line of Business : |
Communications Infrastructure Solutions Provider. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 80,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
ALAN DICK & COMPANY CAMEROON SA
Principal Address
Immeuble 3T Entree Sud du Port de Douala Douala BP 23 20 Cameroon
Telephone: +237-33-439537
Fax:+237-33-439541
Email: sales-cm@alandick.com
Internet: www.alandick.com
Established
4/5/1999
Registration
No. 89241 Cameroon
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
40
Office & Factories
Head offices Immeuble 3T Entree Sud du Port de Douala
Branches None
Company Profile
Paid in Capital CFA. 20,000,000
Subscribed Capital CFA. 20,000,000
Shareholders
Name Position Amount
Ratio
Mr. Rob Fisher CEO
Mr. Bob Ellis Chairman
Paul Horton Finance
Director
ALAN DICK GROUP Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 80,000 is recommendable
Affiliated Companies
Company (1) Al.An for Antenna
Support SAE
Company (2) Alan Dick & Co
(North Africa)
Company (3) Alan Dick & Co
(West Africa) Ltd
Company (4) Alan Dick (East
Africa) Ltd
Company (5) Alan Dick Africa
(Pty) Ltd
Company (6) AlanDick &
Company (CongoB) Ltd
Company (7) AlanDick &
Company (DRC) Ltd
Company (8) AlanDick Côte
d’Ivoire S.A.
Company (9) AlanDick Ghana
Limited
Company (10) AlanDick Sudanese
Communication Solutions Co. LTD
Company (11) SARL Alan Dick
& Company (MTI) Algeria
Management/ Directors
President/ CEO (1)
Name Mr.
Bob Ellis
Education Graduated from London
University (B.Ed honors’ )
Work
Experience 10 years in this
line of business
Remarks Top
Decision Maker
President/ CEO (2)
Name Mr.
Rob Fisher
Education Graduated from Oxford
University(Degree in Engineering)
Work
Experience 8 years in this
line of business
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
Communications
infrastructure solutions provider.
Terms of payment
Buying
terms 30% in cash, 70% on 60 day
credit
Selling terms 50% in cash, 50% on credit
Suppliers
Various
Siemens, Ericsson etc
Customers
Telecommunication companies
Recent Sales
CFA.
648,000,000 (2007)
Exports
None
Export Ratio
0.0%
Import Ratio
40.0%
Domestic Market Share
30.0%
Banking relationship
Main Banks BOA 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
|
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%)