MIRA INFORM
REPORT
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Report Date : |
23.06.2011 |
IDENTIFICATION DETAILS
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Name : |
DROCOLOR SARL |
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Registered Office : |
01 BP 372 Abidjan, Cote d’Ivoire |
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Country : |
Cote D’Ivoire (Ivory Coast) |
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Date of Incorporation : |
20.04.1977 |
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Com. Reg. No.: |
23728 Abidjan, ivory coast |
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Legal Form : |
Societe Anonyme Responsabilite Limitee. |
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Line of Business : |
Distributors of general merchandise such as
paints, chemicals, automobile equipment and parts etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
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Status : |
Satisfactory |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Cote D’Ivoire (Ivory Coast) |
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 |
REGISTERED NAME & COMPANY
SUMMARY
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COMPANY REPORTED: |
DROCOLOR SARL |
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Principal Address: |
01 BP 372 Abidjan, Cote d’Ivoire |
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Telephone: |
+225-21-240243/240362 |
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Fax: |
+225-21-241199 |
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Email: |
drocolor@afnet.net |
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Internet: |
None |
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Established: |
20/04/1977 |
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Registration: |
23728 Abidjan, ivory coast |
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Legal Form: |
Societe Anonyme Responsabilite Limitee. |
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Stock Listing: |
Not Listed |
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Workforce: |
2010 |
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30 |
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Office & Factories |
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Head offices |
135 Boulevard De Marseille Marcoury, Abidjan, Cote d’Ivoire |
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Branches |
Boulevard Valerie Giscard D Estaing, Abidjan 01, Cote d’Ivoire |
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CREDIT RECOMENDATION
Current Credit Limit: 35,000 USD
DIRECTORS/MANAGEMENT
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Management/ Directors |
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President/ CEO (1) |
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Name |
Mr. Elie Bejani |
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Active in daily business: |
Active |
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Current Title: |
MD |
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Country of residence |
Cote d’Ivoire |
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Remarks |
Top Decision Maker |
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Director (2) |
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Name |
Mr. Georges Khouri |
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Active in daily business: |
Active |
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Current Title: |
Director |
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Country of residence |
Cote d’Ivoire |
Ž 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.
NEGATIVE INFORMATION
No negative information found.
SHARE & SHARE CAPITAL
INFORMATION
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Company Profile: |
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Nominal Capital |
CFA. 23,500,000 |
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Paid in Capital |
CFA. 23,500,000 |
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Subscribed Capital |
CFA. 23,500,000 |
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Shareholders |
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Name |
Position |
Amount |
Ratio |
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Mr. Elie Bejani |
MD |
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40.00% |
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Mr. Georges Khouri |
Director |
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30.00% |
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Mr. Mounir Younes |
Director |
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30.00% |
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Total |
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100.00% |
PAYMENT INFORMATION
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Terms of payment |
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Buying terms |
70% in cash, 30% on LC, TT |
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Selling terms |
80% in cash, 20% on credit |
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Recent Sales |
CFA. 2,500,000,000 (2010
Estimated) |
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Exports |
None |
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Export Ratio |
0.0% |
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Import Ratio |
40.0% |
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Domestic Market Share |
20.0% |
GROUP STRUCTURE & AFFILIATED
COMPANIES
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Affiliated Companies |
None |
FINANCIAL INFORMATION
No financial statement disclosed.
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
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Business Activities |
Distributors of general merchandise such as
paints, chemicals, automobile equipment and parts etc. |
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Suppliers |
Various Companies Panimpex |
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Customers |
Distributorn outlets, firms and public |
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Business Premises |
8000 Sft |
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Type of occupation
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Leased |
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Location |
The subject is located close to a major road network |
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Premises used as
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Offices, Warehouse |
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Banking relationship |
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Main Banks |
CRBD |
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Credit Check of Subject, President & CEO (as of report date) |
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Payment Morale: |
In the documents at our disposal nothing adverse has been shown so
far. |
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CREDIT RATING: |
Financial situation is average. |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.82 |
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UK Pound |
1 |
Rs.72.84 |
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Euro |
1 |
Rs.64.58 |
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.