MIRA
INFORM REPORT
|
Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
ETS REGENT |
|
|
|
|
Registered Office : |
BP 4721 Dixinn Conakry |
|
|
|
|
Country : |
Guinea |
|
|
|
|
Date of Incorporation : |
21.6.2001 |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by Shares |
|
|
|
|
Line of Business : |
Exporters of Food Products, e.g Cashew, Peanuts, Coffee Beans etc |
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 40,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY REPORTED
ETS REGENT
Other Name ETABLISSEMENTS REGENT
Principal Address
BP 4721 Dixinn Conakry, Guinea
Telephone: +224-30-461212
Cell: +224-60251110
Fax: +224-30-434315
Email: None
Internet: None
Established
21/6/2001
Registration
No. Conakry Guinea
Legal Form
Limited Liability
Company, Limited by shares
Stock Listing
Not Listed
Workforce
2007
20
Office & Factories
Head offices Residence 2000 Moussoudougou BP 4721, Conakry
, Guinea
Branches none
Company Profile
Paid in Capital GNF. 100,000,000
Subscribed Capital GNF. 100,000,000
Shareholders
Name Position Amount
Ratio
Mr. Spondon Phukan CEO 100.00%
Total 100.00%
Credit Opinion
Our proposed credit
amount of USD 40,000 is recommendable
Affiliated Companies
None
Management/ Directors
|
President/
CEO (1) |
|
|
Name |
Mr.
Spondon Phukan |
|
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
Exporters of food
products, e.g cashew, peanuts, coffee beans etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on Lcredit
Suppliers
Various
Customers
Distributors, Chain Stores
and outlets
Recent Sales
GNF. 3,580,000,000
(2007)
Exports
None
Export Ratio
20.0%
Import Ratio
10.0%
Domestic Market Share
30.0%
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
average.
COMMENTS
Maximum credit we recommend is USD 40,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
UK Pound |
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.63.41 |
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%)