MIRA INFORM REPORT

 

 

Report Date :           

04.06.2011

 

IDENTIFICATION DETAILS

 

Name :

ETS AHMED OULD BABA

 

 

Registered Office :

E2 ‑ 52 Marché Socogim, Nouakchott, Mauritania

 

 

Country :

Mauritius

 

 

Year of Establishment :

2002

 

 

Com. Reg. No.:

37086

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Non‑specialised wholesale of food, beverages and tobacco

 

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 :

No Complaints

 

 

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)

Mauritius

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name

 

ETS AHMED OULD BABA

 

 

Rating Briefing

 

Current Recommended Credit:              INSUFFICIENT DATA

 

 

 

Registration Briefing

 

Registration Number:                             37086

 

Registration Date:                                  2002

 

Legal Form:                                           PROPRIETORSHIP

 

Latest Financials:                                  N/A

 

 

Financial Briefing

 

Nominal Capital:                                    N/A

 

Issued Capital:                                       N/A

 

Turnover:                                               N/A

 

Net Profit:                                               N/A

 

Net Worth:                                              N/A

 

 

Company Details

 

Company Name:                                          ETS AHMED OULD BABA

 

Headquarter Address:                                   E2 ‑ 52 Marché Socogim,

Nouakchott,

Mauritania

 

Telephone:                                                  +22245 252073

+22245 255182

 

Fax:                                                            +22245 241858

 

E‑Mail:                                                        aob@mauritel.mr

 

Company was originally started on 2000

 

 

 

Registration & Legal Details

 

Current Legal Form:                                   PROPRIETORSHIP

Registration Address:                                 E2 ‑ 52 Marché Socogim,

                                                                Nouakchott

Registration Number:                                  37086

Registration Date:                                      2002

Year/Date Company Established:                2000

Registration Town:                                     Nouakchott

 

 

Capital

 

Capital is NOT disclosed.

 

Shareholders

 

Information on Shareholders is not available/applicable

 

 

Principals

 

Name:                                                       Mr Ahmed Ould Baba

Position within the company:                      General manager & Proprietor

Country of Birth:                                         Mauritania

Nationality:                                                Mauritanian

Can fluently speak:                                    Arabic

 

Company Activities

 

NACE Codes:    4639     Non‑specialised wholesale of food, beverages and tobacco

 

The company is engaged in import & distribution of food products. Subject imports 100% of the products from France, Netherlands, Belgium, Italy, China, India, Malaysia & USA. Subject distributes then 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: 35

 

HQ Premises                                            Operates from:     Owned Shop

Location:                                                   Central Business Area

 

Imports

 

Import % and type of product:                   100% Finished Goods

Imports From:                                          France, Netherlands, Belgium, Italy, China, India,

Malaysia, USA

Importing Terms:                                      Bank transfer

Additional Information:                              Letters of credit

 

Exports

 

Export % and type of product:                   Subject does not export

 

Trading & Selling

 

Territory:                                                  100% Nationally

Type of Customer:                                    Wholesalers & Retailers

 

Related Companies

 

Subsidiaries

Affiliates

Information on Related Companies is not available/applicable

 

Bankers

 

Banque Nationale de Mauritanie (BNM),

Branch: Nouakchott

Avenue Roi Faiçal BP 291 & 614,

Nouakchott,

Mauritania

 

Banque Mauritanienne pour le Commerce International (BMCI),

Branch: Nouakchott

Avenue Gamal Abdel Nasser BP 622,

Nouakchott,

Mauritania

 

 

Financial Information

 

Payments

Subject's payments reported to be:        NO COMPLAINTS

 

 

Interview & Reporter Comments

 

Name/Title:                                                Mr. Ahmed Ould Baba General manager

 

Comment:                                                 Latest Financial Statements are not currently available.

 

Subject has confirmed the general details provided in the report but has declined to provide any Financial Data.

 

 

Reporter Comment:                                    Please note that in the interview conducted with Mr. Ahmed Ould

                                                                Baba, the General Manager, he declined any financial information

                        citing the grounds of company’s confidentiality. He confirmed that the exact Registration Number is 37086 not as mentioned in the enquiry.

 

 

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.

 

Age of Business:                                       The company is long established in the local market.

 

 

 

                                                                                               


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.85

UK Pound

1

Rs.73.29

Euro

1

Rs.64.89

 

 

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.