MIRA INFORM REPORT

 

 

Report Date :           

19.10.2011

 

IDENTIFICATION DETAILS

 

Name :

SAEPO (SOLIDIATORY AFRICAN ECONOMIC PROJECT ORGANIZATION)

 

 

Registered Office :

B.P .23311 Lome, Togo West Africa

 

 

Country :

Togo

 

 

Date of Incorporation :

15.12.2010

 

 

Legal Form :

Non Governmental Organization

 

 

Line of Business :

Humanitarian action and Economic development in the society

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Company

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Togo

c2

c2

 

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:

SAEPO (SOLIDIATORY AFRICAN ECONOMIC PROJECT ORGANIZATION)

Principal Address:

B.P .23311 Lome, Togo West Africa

Telephone:

+228-91280229/91280230

Fax:

+228-91175784

Email:

info@saeporg.org

Internet:

www.saeporg.org

Established:

15/12/2010

Registration:

Lome, Togo West Africa

Legal Form:

Non Governmental Organization

Stock Listing:

Not Listed

Workforce:

2010

 

 

 

 

40

 

 

 

Office & Factories

 

Head offices

Rue de l'Saecpo Kara Northern Togolaise

Angle Avenue de la Presidence Lome, Togo West Africa

Branches

None

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: We proposed Secured credit

 

 

DIRECTORS/MANAGEMENT

 

Management/ Directors

 

 

President/ CEO (1)

 

Name

Eleanya Kumex

Remarks

Top Decision Maker

 

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 found.

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Company Profile:

 

Budget Capital

CFA. 80,000,000

Shareholders

 

Name

Position

   Amount  

       Ratio

Eleanya Kumex

Director

 

 

 

 

 

 

Total

 

 

100.00%

 

 

PAYMENT INFORMATION

 

 

Terms of payment

Buying terms 

30% in cash, 70% on credit

Selling terms

80% in cash, 20% on tenders

 

 

Recent Budget

CFA. 250,000,000  (2011 Estimated)

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Affiliated Companies

None

 

 

FINANCIAL INFORMATION

 

Na

FOREIGN EXCHANGE RATES

 

Exchange Rate

US$ 1 = CFA. 488

 

 

ADDITIONAL INFORMATION

 

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

Business Activities

Humanitarian action and Economic development in the society

 

Terms of payment

Buying terms 

30% in cash, 70% on credit

Selling terms

80% in cash, 20% on tenders

 

 

Recent Budget

CFA. 250,000,000  (2011 Estimated)

 

 

NOTES & COMMENTS

 

COMMENTS

We proposed Secured credit

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.77.58

Euro

1

Rs.67.58

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.