MIRA
INFORM REPORT
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Report Date : |
17.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ABIAMEN INTERNATIONAL LTD |
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Registered Office : |
10 Rue De Bonasama, Douala, Littora |
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Country : |
Cameroon |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
201251 Cameroon |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
General
Merchants for Garments, Chemicals, Rubbers, Papers, Food and Beverages |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
ABIAMEN INTERNATIONAL LTD
Principal Address
10 Rue De Bonasama, Douala, Littoral,Cameroon
Telephone: +237-5244405
Cell: +237-74034259/ 77727137
Fax: +237-5244405
Email: abiamen@yahoo.com
Internet
None
Established
1998
Registration
No. 201251 Cameroon
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
10
Office & Factories
Head offices 10 rue de
ndokoti, Douala City. Cameroon
Branches None
Company Profile
Paid in Capital CFA. 1,000,000
Subscribed Capital CFA. 1,000,000
Shareholders
Name Position Amount
Ratio
Mr. James Ben Director 100.00%
Mr. A Samuel Director
Total 100.00%
Credit Opinion
We proposed Secured credit
Affiliated Companies
None
Management/ Directors
President/ CEO (1)
Name Mr. James Ben
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
for Garments, chemicals, rubbers, papers, Food & beverages
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
None
Customers
Local agencies , and
outlets
Recent Sales
CFA. 240,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
30.0%
Domestic Market Share
20.0%
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 still
average.
COMMENTS
We proposed Secured credit
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%)