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Report Date : |
27.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
LA ROCHE SARL |
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|
|
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Registered Office : |
Lot 58 PK 3, Route DE Porto-Novo Zone Industrielle, Akpakpa |
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Country : |
Benin |
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Date of Incorporation : |
1979 |
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|
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Legal Form : |
Societe
Anonyme Responsabilite Limitee |
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|
|
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Line of Business : |
General
merchandise such as hardware, building materials, food products, beverages,
agricultural products etc |
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|
|
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No. of Employees : |
105 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Benin |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Registered
Name: |
LA
ROCHE SARL |
||
|
Requested
Name: |
LA ROCHE SARL |
||
|
Other Names: |
None |
||
ADDRESS AND TELECOMMUNICATION
|
|||
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Physical
Address: |
Lot 58 PK 3, Route DE Porto-Novo Zone Industrielle, Akpakpa |
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Postal
Address: |
01 BP 2525, |
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|
|
Cotonou 01 |
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Country: |
Benin |
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Phone: |
229-21330775/ 0595 |
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Cell: |
229-95810736 |
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Fax: |
229-21326265 |
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Email: |
larochebenin@larocheafrique.com/ larochebj@gmail.com |
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Website: |
www.larocheafrique.com/ |
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LEGAL
|
|
||
|
Legal Form: |
Societe
Anonyme Responsabilite Limitee. |
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Date
Incorporated: |
1979 |
||
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Date Started: |
01/06/1991 |
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Reg. Number: |
R.C. N-- 8226B |
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Tax Number |
2446200168537 |
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Nominal
Capital |
CFA. 150,000,000 |
||
|
Subscribed
Capital |
CFA. 150,000,000 |
||
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Subscribed Capital is Subscribed in the following form: |
|||
|
|
Position |
Shares |
|
|
Martin Jean Yves |
Director |
|
|
|
None |
Parent
company. |
|
None |
Subsidiary
company. |
|
In Nigeria,
Togo |
Affiliated
company. |
|
None |
Shareholder
of subject firm. |
|
None |
Branches of
the firm |
OPERATIONS
|
|
|
Registered to
operate as dealers in general merchandise such as hardware, building
materials,food products, beverages,agricultural products etc |
|
|
Imports: |
Asia |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
|
|
|
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Main Customers: |
firms and organizations |
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Employees: |
105 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Benin |
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Location: |
Leased premises, 5,000 square feet, |
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Auditors: |
Information
not available. |
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Insurance Brokers: |
Information
not available. |
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FINANCE
|
|
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Currency
Reported: |
West African
Franc (CFA.) |
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|
Approx. Ex.
Rate: |
1 US Dollar =
524.47West African Franc |
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|
Fiscal Year End: |
December 31, 2011 |
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Inflation: |
According to information given by independent sources, the
inflation at December 31st, 2011 was of 13%. |
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|
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Financial
Information not Submitted |
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|
|
|
|
|
|
|
|
|
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Profit and
Loss (expressed in CFA.) |
||
|
|
2010 |
2011 |
|
Sales |
907,500,000 |
998,250,000 |
BANK
|
|
|
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Bank Name: |
Amity Bank |
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Comments: |
None |
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|
|
|
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Experiences: |
Good |
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|
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NOTARIAL
BONDS |
None |
|
This information
was obtained from outside sources other than the subject company itself and
confirmed the above subject. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.38 |
|
|
1 |
Rs.87.79 |
|
Euro |
1 |
Rs.69.47 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.