MIRA INFORM REPORT
|
Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ETKAF |
|
|
|
|
Registered Office : |
08 BP 11207 Ouagadougou 08 |
|
|
|
|
Country : |
Burkina Faso |
|
|
|
|
Date of Incorporation : |
06.04.2001 |
|
|
|
|
Com. Reg. No.: |
Ouagadougou 08, Burkina Faso |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by shares |
|
|
|
|
Line of Business : |
Import and distribution
of general merchandise |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 25,000 |
|
Status : |
Moderate |
|
Payment
Behaviour : |
Unknown |
|
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
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Burkina Faso |
c1 |
c1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
|
COMPANY REPORTED: |
ETKAF |
|||
|
Other Name |
ETS KANTAGBA ET FRERES |
|||
|
Principal Address: |
08 BP 11207 Ouagadougou 08, Burkina Faso |
|||
|
Telephone: |
+226-41525336 |
|||
|
Fax: |
+226-41525336 |
|||
|
Email: |
etkaf@fasonet.bf |
|||
|
Internet: |
None |
|||
|
Established: |
6/04/2001 |
|||
|
Registration: |
Ouagadougou 08, Burkina Faso |
|||
|
Legal Form: |
Limited Liability Company, Limited by shares |
|||
|
Stock Listing: |
Not Listed |
|||
|
Workforce: |
2010 |
|
|
|
|
|
25 |
|
|
|
|
Office &
Factories |
|
|||
|
Head offices |
Kantagba K Jerome Ouagadougou 08, Burkina Faso |
|||
|
Branches |
None |
|||
CREDIT RECOMENDATION
Current Credit Limit: USD 25,000
DIRECTORS/MANAGEMENT
|
Management/
Directors |
|
|
President/
CEO (1) |
|
|
Name |
Jerome Kantagba |
|
Active in daily
business: |
Active |
|
Current Title: |
Director |
|
Country of residence |
Burkina Faso |
Þ 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.
SHARE & SHARE CAPITAL
INFORMATION
|
Company Profile: |
|
||
|
Nominal Capital |
CFA. 50,000,000 |
||
|
Shareholders |
|
||
|
Name |
Position |
Amount
|
Ratio |
|
Jerome Kantagba |
Director |
|
|
|
Lebne Emmanuel
Kantagba |
Director |
|
|
|
Total |
|
|
100.00% |
PAYMENT INFORMATION
|
|
Terms of payment |
|
Buying
terms |
30% in
cash, 70% on credit |
|
Selling
terms |
80% in
cash, 20% on credit |
|
Exports |
None |
|
Export
Ratio |
0.0% |
|
Import
Ratio |
40.0% |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Affiliated
Companies |
None |
FINANCIAL INFORMATION
|
Recent
Sales |
CFA. 512,000,000
(2010 Estimated) |
FOREIGN EXCHANGE RATES
|
Exchange Rate |
US$ 1 = CFA. 441 |
ADDITIONAL INFORMATION
|
Business
Activities |
Import and
distribution of general merchandise |
|
|
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. 512,000,000
(2010 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 |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.08 |
|
UK Pound |
1 |
Rs.73.45 |
|
Euro |
1 |
Rs.64.30 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.