MIRA INFORM REPORT

 

 

Report Date :

05.01.2011

 

IDENTIFICATION DETAILS

 

Name :

ETS NABO

 

 

Registered Office :

BP 1019 Yaounde

 

 

Country :

Cameroon

 

 

Date of Incorporation :

01.01.2004

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importers and distribution of general Merchandises 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct 

 

 

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

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Cameroon

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company summary

 

COMPANY REPORTED:

ETS NABO

Principal Address:

BP 1019 Yaounde, Cameroon

Telephone:

+237-79879954/ 96412079

Fax:

+237-79879954/ 96412079

Email:

None

Internet:

None

Established:

01/1/2004

Registration:

Yaounde, Cameroon

Legal Form:

Sole Proprietorship

Stock Listing:

Not Listed

Workforce:

2009

 

 

 

 

30

 

 

 

Office & Factories

 

Head offices

Yaounde, Cameroon

Branches

None

 

Company Profile:

 

Nominal Capital

CFA. 10,000,000

Shareholders

 

Name

Position

   Amount  

       Ratio

M Tshibinda

Director

 

 

 

 

 

 

Total

 

 

100.00%

 

 

Credit Opinion

 

We propose Secured credit

 

 

Affiliated Companies

 

None

 

 

Management/ Directors

 

President/ CEO (1)

 

Name

M Tshibinda

Remarks

Top Decision Maker

 

̃  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 

 

Importers and distribution of general Merchandises 

 

 

Terms of payment

 

Buying terms                    30% in cash, 70% on credit

Selling terms                   80% in cash, 20% on credit

                                       

Suppliers                         Various Companies

Customers                        firms and organizations

                                       

Recent Sales                    CFA. 500,000,000  (2009 Estimated)

Exports                             None

Export Ratio                     0.0%

Import Ratio                     40.0%

Domestic Market Share    10.0%

 

Business Premises           2000 Sft

Type of occupation                     Leased

Location                            The subject is located close to a major road network                      

Premises used as               Offices

 

 

Banking relationship  

 

Main Banks                       BOA 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

 

We recommend Secured credit at any one time.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.84

UK Pound

1

Rs.69.32

Euro

1

Rs.59.79

 

 

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

----

NB

New Business

----

 

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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.