MIRA
INFORM REPORT
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Report Date : |
07.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
AZ
COLOR SARL |
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Registered Office : |
BP 1173 Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
1975 |
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Com. Reg. No.: |
95B1705 Dakar, Senegal |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Manufacturers , Distributors, and Retailers of Paints, Resins etc |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY REPORTED
AZ COLOR SARL
Principal Address
BP 1173 Dakar, Senegal
Telephone: +221-8340856
Fax: +221-8349514
Email: azcolor@arc.sn
Internet: None
summary
Established: 1975
Registration: No. 95B1705 Dakar, Senegal
Legal Form: limited
Liability company, Limited by shares
Stock Listing: Not Listed
Workforce
2007
80
Office & Factories
Head offices KM 11 Route De Rusfique Boulevard Du
Centenaire, Dakar, Senegal
Branches Pikine Et Guediawaye, Dakar, Senegal
Company Profile
Paid in Capital CFA. 100,000,000
Subscribed Capital CFA. 100,000,000
Shareholders
Name Position Amount
Ratio
Mr. Hassan Hawili CEO
Fom Industrial,
Italy Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated Companies
None
Management/ Directors
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President/
CEO (1) |
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Name |
Mr. Hassan Hawili |
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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
Manufacturers ,
distributors, & Retailers of Paints, Resins etc
Terms of payment
Buying terms 70%
in cash, 30% on LC, TT
Selling terms 50% in cash, 50% on credit
Suppliers
None
Customers
Local agencies , stores and
outlets
Recent Sales
CFA. 520,000,000
(2007)
Exports
None
Export Ratio
0.0%
Import Ratio
60.0%
Domestic Market Share
25.0%
Banking relationship
Main Banks BICIS 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 100,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.01 |
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UK Pound |
1 |
Rs.84.16 |
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Euro |
1 |
Rs.65.20 |
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%)