MIRA
INFORM REPORT
|
Report Date : |
15.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GROUPE CHINGGUITTY PHARMA |
|
|
|
|
Registered Office : |
Ilot
3, N° 45 Immeuble Chingguitty, Nouakchott |
|
|
|
|
Country : |
Mauritania |
|
|
|
|
Date of Incorporation : |
09/1992 |
|
|
|
|
Com. Reg. No.: |
16270 |
|
|
|
|
Legal Form : |
Societe A Responsibilite Limitee |
|
|
|
|
Line of Business : |
Wholesale of Pharmaceutical Goods |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name of the company
GROUPE CHINGGUITTY PHARMA
Registration Briefing
Registration Number: 16270
Registration Date: 09/1992
Legal Form: SOCIETE
A RESPONSIBILITE LIMITEE
Latest Financials: N/A
Financial Briefing
Nominal Capital: 10,000,000
Mauritanian Ouguiya
Issued Capital: N/A
Turnover: 4,457,763,727
Mauritanian Ouguiya
Net Profit: N/A
Net Worth: N/A
Original Investigation Details
Company
Name: GROUPE
CHINGGUITTY PHARMA
Country: MM
Street
Name: PLOT
3 LOT NO. 45
City
Code: NOUAKCHOTT
Post
Code: POB
2309
Phone
Number: 002225257672
Fax
Number: 002225256623
Company Details
Company
Name: GROUPE
CHINGGUITTY PHARMA
Headquarter
Address: Ilot
3, N° 45 Immeuble Chingguitty,
Nouakchott,
Mauritania
Postal
Address: P.O.Box
2309,
Nouakchott
Telephone: +22252
57672
+22252
57742
Fax: +22252
56623
E‑Mail: gcpharma@gcpharma.mr
Web Site: www.gcpharma.mr
Company was originally started on
09/1992
Registration & Legal Details
Current
Legal Form: SOCIETE
A RESPONSIBILITE LIMITEE
Registration
Address: Ilot
3, N° 45 Immeuble Chingguitty,
Nouakchott
Registration
Number: 16270
Registration
Date: 09/1992
Year/Date
Company Established: 09/1992
Registration
Town: Nouakchott
Tax
Registration Number: 83
58 89 Z
Capital
Currency: Mauritanian Ouguiya
Nominal
Capital: 10,000,000
Paid
Up Capital: 10,000,000
Shareholders
Shareholders:
Name/Address Shares Held %
of Voting/Non‑Voting capital
Mr Sidi Mohamed Ouled Mohamed
Alamine Ouled Saidi (Principal
Shareholder),
Nouakchott,
Mauritania
Principals
Name: Mr
Sidi Mohamed Ouled Mohamed Alamine Ouled Saidi
Position
within the company: President
and managing director
Country
of Birth: Mauritania
Nationality: Mauritanian
Can
fluently speak: French
Name: Mr
Ishak
Position
within the company: Commercial
Director
Country
of Birth: Mauritania
Nationality: Mauritanian
Can
fluently speak: French
Name: Dr Cheikh
Ahmadou
Position
within the company: Technical
Director
Country
of Birth: Mauritania
Nationality: Mauritanian
Can
fluently speak: French
Education: Degree
in Pharmacy
Name: Mr
Oqba
Position
within the company: Accountant
Country
of Birth: Mauritania
Nationality: Mauritanian
Can
fluently speak: French
Company Activities
NACE Codes: 5146 Wholesale
of pharmaceutical goods
The company activity is centred around
importation and distribution of medical equipments and pharmaceutical products.
Subject imports 100% of these products
from France, Germany, Morocco, Tunisia, Syria, UAE and India. Subject then
distributes imported products to the local Market. This company does not
export.
Local Reporters consider the
investigated company to be LARGE in their field of concern.
Operations
Employees Company
Employs: 73
HQ Premises Operates
from: Owned Offices , Warehouse
Location: Central
Business Area, Side Road
Imports
Import % and type of product: 100% Finished Goods
Imports From: France,
Germany, Morocco, Tunisia, Syria, U A E, India
Importing Terms: Bank
transfer
Exports
Export % and type of product: Subject does not export
Trading & Selling
Territory: 100%
Nationally
Type of Customer: Group
Companies, Government Bodies, Pharmacies
Number of accounts: 400
Vehicles: Total number of
vehicles: 7
7 vans
Related Companies
Information on Related Companies is not
available/applicable
Bankers
Banque
Mauritanienne pour le Commerce International,
Branch:
Head office
Avenue
Gamal Abdel Nasser , BP 622,
Nouakchott,
Mauritania
Banque
Nationale de Mauritanie,
Branch:
Head office
BP 291
et 614,
Nouakchott,
Mauritania
Société
Générale de Mauritanie,
Branch:
Head office
BP
5085,
Nouakchott,
Mauritania
Financial Information
Source: Mr Oqba
Accountant
Figures are: Official
Figures
Currency: Mauritanian Ouguiya
Months Sales Figures Sales Gross Profit/Loss Net Profit/Loss
12 31/12/2007
4,457,763,727.00
12 31/12/2006
3,428,115,800.00
12 31/12/2005
2,642,051,859.00
Payments
Subject's payments reported to
be: NO COMPLAINTS
Interview & Reporter Comments
Name/Title: Mr
Oqba Accountant
Comment: Subject has
confirmed the general details shown in the report.
Conclusions
Local
Reputation: The
company being investigated is considered by local reporters to be a Fair /
Normal Trade Risk.
General Conclusion: Local
informants consider granting of credit to be a fair trade risk.
Owner/Shareholders
Comments: Some of the
owners / shareholders have an active participation in the running of the
business.
Age of Business: The
company is long established in the local market.
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%)