MIRA INFORM REPORT
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Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ETS PROVIMED |
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Registered Office : |
07 BP 7928 |
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Country : |
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Date of Incorporation : |
24.02.2005 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Import and distribution of animal Healthcare
Products |
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 : |
Slow |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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c2 |
c2 |
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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 SUMMARY
Currency of
Report: CFA
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COMPANY REPORTED: |
ETS PROVIMED |
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Principal Address: |
07 BP 7928 |
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Telephone: |
+228-9939446 |
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Fax: |
+228-2300585 |
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Email: |
None |
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Internet: |
None |
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Established: |
24/02/2005 |
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Registration: |
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Legal Form: |
Limited Liability Company, Limited by shares |
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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 |
48, Rue de la Gare, |
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Branches |
None |
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CREDIT RECOMENDATION
Current Credit Limit: : -----
DIRECTORS/MANAGEMENT
Management/ Directors
President/ CEO (1)
Name Mr. Ziga Komlanvi
Active in daily business: Active
Current Title: Purchase Director
Country of residence
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. 50,000,000 |
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Shareholders |
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Name |
Position |
Amount
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Ratio |
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Mr. Ziga Komlanvi |
Director |
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Total |
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100.00% |
PAYMENT INFORMATION
Terms of payment
Buying terms 30%
in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Recent Sales CFA. 650,000,000 (2010 Estimated)
Exports None
Export Ratio 0.0%
Import Ratio 40.0%
Domestic Market
Share 10.0%
GROUP STRUCTURE & AFFILIATED
COMPANIES
Affiliated Companies None
FINANCIAL INFORMATION
No financial statement disclosed.
ADDITIONAL INFORMATION
Business Activities Import and distribution of animal
Healthcare Products
Suppliers Various
Companies
Customers Farmers,
Veterinary Pharmacies, Animal Health Clinics, outlets
Business Premises 2000
Sft
Type of
occupation Leased
Location The
subject is located close to a major road network
Premises used
as Offices, Warehouse,
Workshop
Banking
relationship
Main Banks Eco 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.
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.45.15 |
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1 |
Rs.72.59 |
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Euro |
1 |
Rs.62.95 |
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 |
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.