MIRA
INFORM REPORT
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Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
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Name : |
QUINCAILLERIE EL |
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Registered Office : |
161 Rue Atlas, |
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Country : |
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Date of Incorporation : |
01.07.2005 |
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Com. Reg. No.: |
15084 |
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Legal Form : |
Societe A Responsibilite Limitee |
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Line of Business : |
Wholesale of hardware, plumbing and heating equipment and
supplies |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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Mauritania |
C1 |
C1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
QUINCAILLERIE
EL MEDINA EL MOUNAWARA
Registration Briefing
Registration
Number: 15084
Registration
Date: 01/07/2005
Legal
Form: SOCIETE
A RESPONSIBILITE LIMITEE
Latest
Financials: N/A
Financial Briefing
Nominal
Capital: 15,000,000
Mauritanian Ouguiya
Issued
Capital: N/A
Turnover: N/A
Net
Profit: N/A
Net
Worth: N/A
Company Details
Company Name: QUINCAILLERIE EL MEDINA EL MOUNAWARA
Headquarter Address: 161 Rue Atlas, Nouakchott, Mauritania
Postal Address: P.O.Box 2589, Nouakchott
Telephone: +2225254 1866, +2225254 2582
Fax: +2225254 1866
E‑Mail: qmm.sa@hotmail.com
Company
was originally started on 01/07/2005
Registration & Legal Details
Current Legal Form: SOCIETE A
RESPONSIBILITE LIMITEE
Registration Address: 161 Rue Atlas,
Nouakchott
Registration Number: 15084
Registration Date: 01/07/2005
Year/Date Company Established: 01/07/2005
Registration Town: Nouakchott
Capital
Currency: Mauritanian
Ouguiya
Authorized Capital: 15,000,000
Paid Up Capital: 15,000,000
Shareholders
Name/Other Information Shares Held % of Voting/Non‑Voting capital
Mr.
Mustapha Ould Cheikh, 100.00%
(VOTING)
Nouakchott,
Mauritania
Principals
Name: Mr Mustapha Ould Cheikh
Position within the company: Managing director
Country of Birth: Mauritania
Nationality: Mauritanian
Can fluently speak: Arabic and French
Company Activities
NACE Codes: 4674 Wholesale
of hardware, plumbing and heating equipment and supplies
Subject company is engaged in
trade of hardware, tools, plumbing and electrical supplies.
Operations
Employees Company
Employs: 6
HQ
Premises Operates
from: Rented Office , Shop
Location: Central
Business Area
Imports
Import % and type of product: 100% Finished Goods
Imports From: Spain, United Arab
Emirates, Tunisia
Importing Terms: Bank transfer
Exports
Export % and type of product: Subject does not export
Trading
& Selling
Territory: 100% Regional
Type of Customer: Group Companies
Related Companies
Subsidiaries
Affiliates
Information
on Related Companies is not available/applicable
Bankers
Banque
El Wafa Mauritanienne Islamique BAMIS,
Branch:
Nouakchott
758 Rue 22‑018, Avenue du
Roi Fayçal, Nouakchott, Mauritania
Payments
Subject's payments reported to
be: UNDETERMINED
Interview & Reporter Comments
Name/Title: Mr.
Mustapha Ould Cheikh Managing director
Comment: Latest
Financial Statements are not currently available.
Company
Officials have refused to co‑operate with local reporters in
confirming/providing information.
Reporter
Comment: Please note that we
have contacted the subject company but Mr. Mustapha Ould Cheikh, General
Manager refused to cooperate with us.
The
details shown in this report have been obtained during an interview conducted
with Mr. Mustapha Ould Cheikh two years ago.
Conclusions
Local
Reputation: Local
informants have not adequate information to assess the Subject's local
reputation.
General Conclusion: Informants
suggest that suppliers monitor this account.
Owner/Shareholders
Comments: All or
most of the owners / shareholders have an active participation in the running
of the business.
Age of Business: The
company is long established in the local market.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.45 |
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1 |
Rs.72.90 |
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Euro |
1 |
Rs.61.43 |
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 |
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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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.