|
Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
STE POUR LE
COMPOUNDAGE EN COTE D'IVOIRE SA - SCCI |
|
|
|
|
Registered Office : |
01 BP 3622 |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
08.06.1974 |
|
|
|
|
Com. Reg. No.: |
1974-B-12368/7401730 |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by shares |
|
|
|
|
Line of Business : |
Manufacture of plastic
raw materials, Chemicals and related services |
|
|
|
|
No. of Employees : |
200 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 150,000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Cote D'Ivoire (Ivory Coast) |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
COMPANY REPORTED: |
STE POUR LE COMPOUNDAGE EN COTE D'IVOIRE SA
"SCCI" |
|||
|
Principal Address: |
01 BP 3622 Abidjan 01, Cote D'Ivoire (Ivory Coast) |
|||
|
Telephone: |
+225-21274348 |
|||
|
Fax: |
+225-21272481 |
|||
|
Email: |
info@scci.ci/ contact@scci.ci |
|||
|
Internet: |
www.scci.ci |
|||
|
Established: |
8/06/1974 |
|||
|
Registration: |
1974-B-12368/7401730 Cote D'Ivoire (Ivory Coast) |
|||
|
Legal Form: |
Limited Liability Company, Limited by shares |
|||
|
Stock Listing: |
Not Listed |
|||
|
Workforce: |
2011 |
|
|
|
|
|
200 |
|
|
|
|
Office & Factories |
|
|||
|
Head offices |
Rue Des Petroliers Zone Industrielle De Vridi Abidjan 01, Cote D'Ivoire
(Ivory Coast) |
|||
|
Branches |
None |
|||
Current Credit Limit: USD
150,000
|
Management/
Directors |
|
|
President/
CEO (1) |
|
|
Name |
Mr. Hussein Khalil |
|
Active in daily business: |
Active |
|
Current Title: |
Managing Director |
|
Country of residence |
Cote D'Ivoire (Ivory Coast) |
|
Remarks |
Top Decision Maker |
|
Director
(2) |
|
|
Name |
Mr. Mustapha Khalil |
|
Active in daily business: |
Active |
|
Current Title: |
Director |
|
Country of residence |
Cote D'Ivoire (Ivory Coast) |
No negative information
found.
|
Nominal Capital |
CFA. 100,000,000 |
||
|
Paid in Capital |
CFA. 100,000,000 |
||
|
Subscribed Capital |
CFA. 100,000,000 |
||
|
Shareholders |
|
||
|
Name |
Position |
Amount
|
Ratio |
|
Mr. Hussein Khalil |
MD |
|
|
|
Mr. Mustapha Khalil |
Director |
|
|
|
Total |
|
|
100.00% |
|
|
Terms of
payment |
|
Buying
terms |
30% in cash,
70% on credit |
|
Selling
terms |
80% in
cash, 20% on credit |
|
Affiliated Companies |
None |
Na
|
Exchange Rate |
US$ 1 = CFA. 501.21 |
|
Business Activities |
Manufacture of
plastic raw materials, Chemicals and related services |
|
|
Suppliers |
Various
Companies SASOL |
|
|
Customers |
firms
and organizations |
|
|
|
|
|
|
Recent
Sales |
CFA.
3,100,000,000 (2011 Estimated) |
|
|
Exports |
West Africa countries |
|
|
Export
Ratio |
20.0% |
|
|
Import
Ratio |
80.0% |
|
|
Domestic
Market Share |
20.0% |
|
|
Business Premises |
2000 Sft |
|
|
Type of occupation
|
Rented |
|
|
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. |
|
COMMENTS
Maximum credit we recommend is USD 150,000 outstanding at any one time.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.44 |
|
|
1 |
Rs.81.96 |
|
Euro |
1 |
Rs.67.60 |
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 SCs 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.