MIRA
INFORM REPORT
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Report Date : |
17.11.2008 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Country : |
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Date of Incorporation : |
10.06.2003 |
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Com. Reg. No.: |
8741 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Supplier of all kinds of products such as Food Products, Industrial Machineries
and 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 2,000.00 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Name
Company
acronym
Contact Information
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Address |
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Postal Address |
- |
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+234 8072664754 |
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Tel/Fax |
+234 52 201 120 |
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Email |
- |
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Website |
- |
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Other Information |
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Registration Data
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Date of Registration |
10/06/2003 |
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Registration number |
8741 |
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Legal address |
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Legal Form |
Limited Liability Company |
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Share Capital |
1,000,000.00 XOF |
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Other Registration
Data |
- |
Shareholders
with Shares
It declined all shareholder information.
Board/Executive
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Name |
Mr. Al Amid |
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Position within the company |
General Manager |
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Can fluently speak |
French |
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Name |
Mrs. Itshenkeng Osagie |
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Position within the company |
Secretary |
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Can fluently speak |
French |
Changes in
Registration Data
None recorded
Activities (
realistic and officials)
Supplier of all kinds of products based on the demands of it’s clients
such as food products, industrial machineries and etc, moreover it is involved
in business consulting in all industries.
Staff
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Number of staff employed |
5 |
Export/Import
(Countries, goods and total values for the period)
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Imports From |
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Importing Terms |
Letters of
Credit |
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Import % and type of product |
20%- Finished products |
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Exports To |
- |
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Exporting Terms |
- |
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Export % and type of product |
- |
Facilities
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Rented |
Office |
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Premises Size |
- |
Subsidiaries
and Participation
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Parent Company |
- |
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Subsidiaries |
- |
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Affiliates |
- |
Branches
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Address |
- |
Bankers
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Bank |
Bank of |
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Branch |
- |
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Address |
- |
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Telephone |
- |
Suppliers,
Partners
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Suppliers |
Not known |
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Partners |
Not Known |
Litigation,
Remarks on Payment
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Litigation |
None Recorded |
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Remarks on Payment |
No Complaints |
Financial
Information
It declined all financial information.
Representation
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Auditors |
- |
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Solicitors |
- |
Reporter Comments
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Comments |
In the interview with Mrs. Itshenkeng Osagie ( Secretary), she
declined the financial information and bank accounts citing the grounds of
company confidentiality. |
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Local Reputation |
The company being investigated is believed by local reporters to be a High
Trade Risk and to be secured. The company is not known on |
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Owner/Shareholders Comments |
Some of the owners / shareholders have an active participation in
the running of the business. |
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Age of Business |
Old Business |
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MAX CREDIT |
USD 2,000.00 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.03 |
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1 |
Rs.74.42 |
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Euro |
1 |
Rs.62.71 |
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%)