MIRA INFORM REPORT

 

 

Report Date :           

23.07.2011

 

IDENTIFICATION DETAILS

 

Name :

PRIX IMPORT SA

 

 

Registered Office :

BP 2176, Libreville

 

 

Country :

Gabon

 

 

Year of Establishment :

1995

 

 

Legal Form :

Public Independent

 

 

Line of Business :

distribution of foodstuffs

 

 

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 :

Satisfactory

 

 

Payment Behaviour :

Usually 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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Gabon

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

 Bottom of Form

Prix Import SA

BP 2176

Libreville,

Gabon

Tel:       241 72 46 76

Fax:      241 72 46 77

Web     www.priximport.com

           

 

Synthesis

 

Employees:                   250

Company Type:             Public Independent

Incorporation Date:         1995   

Reporting Currency:       CFA Franc BEAC

Annual Sales:               NA

Total Assets:                 NA

 

 

Business Description     

 

Import and distribution. As acting agent for various major brands, PRIX IMPORT specializes in the wide scale distribution of foodstuffs and other products, distributing to almost 700 retailers in the region, including hypermarkets, supermarkets and smaller retailers. Importing 90 % of its products from Europe, Asia and Africa, PRIX IMPORT takes delivery of 1000 containers each year. PRIX IMPORT also owns and operates a retail department based around a supermarket

 

Industry 

Industry Retail (Grocery)

ANZSIC 2006:    3601 - General Line Grocery Wholesaling

NACE 2002:      5139 - Non-specialised wholesale of food, beverages and tobacco

NAICS 2002:     424410 - General Line Grocery Merchant Wholesalers

UK SIC 2003:    5139 - Non-specialised wholesale of food, beverages and tobacco

US SIC 1987:    5141 - Groceries, General Line

 

           

Key Executives

 Name                                      Title                                        

Bernard Azzi                             Managing Director         

Jean Christophe Jauneau            Financial Manager         

Elias Konsol                              Commercial Manager    

Dany Abdallah                           Operations Manager      

Walid Rizk                                IT Manager       


1 - Profit & Loss Item Exchange Rate: USD 1 = XAF

2 - Balance Sheet Item Exchange Rate: USD 1 = XAF

 

 

Corporate Overview

 

Location

BP 2176

Libreville, Gabon

Tel:       241 72 46 76

Fax:      241 72 46 77

 www.priximport.com

           

Sales XAF(mil):              NA

Assets XAF(mil):            NA

Employees:                   250

Industry:                        Retail (Grocery)

Incorporation Date:         1995

Company Type:             Public Independent

Quoted Status:              Not Quoted

Deputy Managing Director:Simon Azzi

 

 

Contents

 

·         Industry Codes

·         Business Description

 

Industry Codes

 

ANZSIC 2006 Codes:

3601     -          General Line Grocery Wholesaling

4110     -          Supermarket and Grocery Stores

 

NACE 2002 Codes:

5139     -          Non-specialised wholesale of food, beverages and tobacco

5211     -          Retail sale in non-specialised stores with food, beverages or tobacco predominating

 

NAICS 2002 Codes:

424410  -          General Line Grocery Merchant Wholesalers

445110  -          Supermarkets and Other Grocery (except Convenience) Stores

 

US SIC 1987:

5141     -          Groceries, General Line

5411     -          Grocery Stores

 

UK SIC 2003:

5211     -          Retail sale in non-specialised stores with food, beverages or tobacco predominating

5139     -          Non-specialised wholesale of food, beverages and tobacco

Business Description

Import and distribution. As acting agent for various major brands, PRIX IMPORT specializes in the wide scale distribution of foodstuffs and other products, distributing to almost 700 retailers in the region, including hypermarkets, supermarkets and smaller retailers. Importing 90 % of its products from Europe, Asia and Africa, PRIX IMPORT takes delivery of 1000 containers each year. PRIX IMPORT also owns and operates a retail department based around a supermarket

 

 

Executives

 

Name

Title

Function

Bernard Azzi

 

Managing Director

Managing Director

Simon Azzi

 

Deputy Managing Director

Managing Director

Bassam Azzi

 

Deputy Managing Director

Managing Director

Dany Abdallah

 

Operations Manager

Operations Executive

Jean Christophe Jauneau

 

Financial Manager

Finance Executive

Celestine Ngaba

 

Head of Personnel

Human Resources Executive

Elias Konsol

 

Commercial Manager

Sales Executive

Walid Rizk

 

IT Manager

Engineering/Technical Executive

Patrick Sailer

 

Purchasing Manager

Purchasing Executive

 

 

Financials

 

No financials are available from any sources. hence, rating has been given slightly lower than normal.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.72.34

Euro

1

Rs.63.87

 

 

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.