MIRA INFORM REPORT
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Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
SOCIETE TUNISO MAURITANIENNE DE COMMERCE ET
D'INDUSTRIE |
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|
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Registered Office : |
Socogim I2 045, Nouakchott |
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Country : |
Mauritania |
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Date of Incorporation : |
20.04.2004 |
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Com. Reg. No.: |
1165 |
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Legal Form : |
Societe A Responsibilite Limitee |
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Line of Business : |
Representation, Importation and distribution of food products |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
62,500 EUR |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Mauritania |
c1 |
c1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name
SOCIETE TUNISO MAURITANIENNE
DE COMMERCE ET D'INDUSTRIE
Rating Briefing
Current Recommended Credit: 62,500 EUR
Registration Briefing
Registration Number: 1165
Registration Date: 20/04/2004
Legal Form: SOCIETE A RESPONSIBILITE LIMITEE
Latest Financials: N/A
Financial Briefing
Nominal Capital: 10,000,000 Mauritanian Ouguiya
Issued Capital: All
Turnover: 3,000,000 Euros
Net Profit: N/A
Net Worth: N/A
Original Investigation Details
Investigation Number: 138810
Company Name: Societe
Tuniso Mauritanienne De Commerce Et D'industrie
Country: MM
Street Name: Socogim
I2 045,
City Code: Nouakchott
Phone Number: 0022
26 30 50 35
Registration Number: 1165
Company Details
Company Name: SOCIETE
TUNISO MAURITANIENNE DE COMMERCE ET
D'INDUSTRIE
Company acronym: SOTUMACI
Headquarter Address: SOCOGIM I 2 045,
Nouakchott,
Mauritania
Telephone: +2223630
5035
Fax: +222452
90605
E‑Mail: selimmahjoubi2003@yahoo.fr
Company
was originally started on 20/04/2004
Registration & Legal Details
Current Legal Form: SOCIETE A RESPONSIBILITE LIMITEE
Registration Address: SOCOGIM I 2 045,
Nouakchott
Registration Number: 1165
Registration Date: 20/04/2004
Year/Date Company Established: 20/04/2004
Registration Town: Nouakchott
Tax Registration Number: 45 167
Capital
Currency: Mauritanian
Ouguiya
Authorized Capital: 10,000,000
Issued Capital: All
Paid Up Capital: All
Shareholders
Shareholders:
Name/Other Information Shares Held % of Voting/Non‑Voting capital
Mr. Selim Mahjoubi, 50.00% (VOTING)
Nouakchott,
Mauritania
Mr. Mahmoud Ben Abderahman, 50.00% (VOTING)
Nouakchott,
Mauritania
Principals
Name: Mr
Selim Mahjoubi
Position within the company: General manager
Date of Birth: 1968
Country of Birth: Tunisia
Nationality: Tunisian
Can fluently speak: Arabic and French
Name: Mr
Mahmoud Ben Abderahman
Position within the company: Director
Date of Birth: 1969
Country of Birth: Tunisia
Nationality: Tunisian
Can fluently speak: Arabic and French
Company Activities
NACE Codes: 4639 Non‑specialised wholesale of
food, beverages and tobacco ‑ 100%
SOTUMACI
is engaged in representation, importation and distribution of food products. Subject
imports 100% of products from Tunisia, Morocco, Spain & France. Subject
distributes then on a wholesale basis to the local market. This company does
not export.
Local Reporters consider the investigated
company to be MEDIUM in their field of concern.
Operations
Employees Company Employs: 60
HQ Premises Operates from: Rented Office , Warehouse
Location: Central
Business Area
Branches E NORD,
Cité Smar,
Nouakchott,
Mauritania
Branch is: Rented
Description of branch:
Warehouse
Ilot K 230,
Nouakchott,
Mauritania
Branch is: Rented
Description of branch:
Warehouse
Other Branches
Subject has numerous other branches
nationally.
Number of Branches: 3
Imports
Import % and type of product: 100% Finished Goods
Imports From: Tunisia,
Morocco, Spain, France
Importing Terms: 90 days credit, bank transfer
Agencies:
BRASLAM Tunisia SLAMA
SOMAFACO Morocco IDEAL
Exports
Export % and type of product: Subject
does not export
Trading
& Selling
Territory: 100%
Nationally
Type
of Customer: Wholesalers,
Semi Wholesalers,
Supermarkets
Number
of accounts: 120
Vehicles: Total number of vehicles: 10
Related Companies
Subsidiaries
Affiliates
Information on Related Companies is not
available/applicable
Bankers
SOCIETE GENERALE MAURITANIE,
Branch: Nouakchott
Avenue Charles de Gaulle BP 5085,
Nouakchott,
Mauritania
Account Number: 220 03
Financial Information
Source: Mr.
Selim Mahjoubi General manager
Figures are: Estimates
Currency: Euros
Months Sales
Figures Sales Gross Profit/Loss Net Profit/Loss
12 31/12/2011 4,000,000 (Projection)
12 31/12/2010 3,000,000
12 31/12/2009 1,200,000
12 31/12/2008 1,300,000
12 31/12/2007 1,500,000
12 31/12/2006 1,500,000
Payments
Subject's payments reported to be: NO
COMPLAINTS
Interview & Reporter Comments
Name/Title: Mr.
Selim Mahjoubi General manager
Comment: Subject
has confirmed the general details shown in the report.
Latest
Financial Statements are not currently available.
Conclusions
Local Reputation: The company being investigated is considered by local reporters to be a
Fair / Normal Trade Risk.
Owner/Shareholders Comments: All or most of the owners / shareholders have an active participation in
the running of the business.
Financial Results Trend: Financial Information indicates that the business activities of the company are
showing an upward turn.
Age of Business: The company is long established in the local market.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
UK Pound |
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.06 |
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 |
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 |
|
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.