MIRA INFORM REPORT
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Report Date : |
18.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ETS OUSMANE TOURE COMMERCE GENERAL |
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Registered Office : |
BP E 5102 Bamako |
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Country : |
Mali |
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Date of Incorporation : |
06.05.2007 |
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Com. Reg. No.: |
MA-BKO-2007A 4172 Bamako, Mali |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Dealers in general merchandise such as motor vehicle accessories and spare
parts, hardware etc |
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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Maximum Credit Limit : |
USD 50,000 |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Mali |
b2 |
b2 |
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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: |
ETS OUSMANE TOURE
COMMERCE GENERAL |
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Principal Address: |
BP E 5102 Bamako, Mali |
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Telephone: |
+223-20229453/ 20223453 |
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Fax: |
+223-22234867 |
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Email: |
none |
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Internet: |
none |
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Established: |
6/5/2007 |
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Registration: |
MA-BKO-2007A 4172
Bamako, Mali |
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Old Registration number:
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6601 00B7216 Bamako,
Mali |
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Legal Form: |
Sole Proprietorship |
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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 |
Rue Famolo Coulibaly
Immeuble Gaoussou Haidara, Bamako, Mali |
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Branches |
none |
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CREDIT RECOMENDATION
Current Credit Limit: USD 50,000
DIRECTORS/MANAGEMENT
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Management/ Directors |
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President/ CEO (1) |
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Name |
Mr. Ousmane Toure |
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Experience |
10 years in this line of
business |
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Remarks |
Top Decision Maker |
· 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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Paid in Capital |
CFA. 1,000,000 |
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Subscribed Capital |
CFA. 1,000,000 |
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Shareholders |
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Name |
Position |
Amount |
Ratio |
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Mr. Ousmane Toure |
Owner |
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100.00% |
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Total |
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100.00% |
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PAYMENT INFORMATION
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Terms of payment |
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Buying terms |
30% in cash, 70% on
credit |
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Selling terms |
80% in cash, 20% on
credit |
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Suppliers |
Various Companies and
Distributors |
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Customers |
Local agencies , stores
and outlets |
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Recent Sales |
CFA. 420,000,000 |
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Exports |
None |
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Export Ratio |
0.0% |
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Imports |
20.0% |
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Import Ratio |
10.0% |
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Domestic Market Share |
5.0% |
GROUP STRUCTURE & AFFILIATED
COMPANIES
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Affiliated Companies |
none |
FINANCIAL INFORMATION
Na
FOREIGN EXCHANGE RATES
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Exchange Rate |
US$ 1 = CFA. 476.51 |
ADDITIONAL INFORMATION
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Company History |
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The company was
established as A Sole Propretiership to deal with general merchandise per the
details above.The company has not undergone major changes during the last six
months. |
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Business Activities |
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Dealers in general
merchandise such as motor vehicle accessories and spare parts, hardware etc |
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Terms of payment |
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Buying terms |
30% in cash, 70% on
credit |
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Selling terms |
80% in cash, 20% on
credit |
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Suppliers |
Various Companies and
Distributors |
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Customers |
Local agencies , stores
and outlets |
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Recent Sales |
CFA. 420,000,000 |
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Exports |
None |
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Export Ratio |
0.0% |
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Imports |
20.0% |
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Import Ratio |
10.0% |
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Domestic Market Share |
5.0% |
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Business Premises |
2000 Sft |
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Type of occupation |
Leased |
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Location |
The subject is located close
to a major road network |
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Premises used as |
Offices, Warehouse,
Workshop |
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Banking relationship |
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Main Banks |
Eco Bank |
NOTES & COMMENTS
COMMENTS
Additional Info: Company registration
numbers were changed centrally by the government, in accordance to the west
African states Business name & Registration Memorandum the previous was the
old registration numbers given by the government
Maximum credit we
recommend is USD 50,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.89 |
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UK Pound |
1 |
Rs.77.31 |
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Euro |
1 |
Rs.67.79 |
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.