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Report Date : |
20.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
VALORYS HORIZON |
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|
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Registered Office : |
BP 2719 Messa-Yaoundé, Cameroun |
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|
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Country : |
Cameroon |
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Date of Incorporation : |
24.04.2012 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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|
|
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Line of Business : |
General traders dealing with wood products,
beverages, electricals etc |
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|
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No. of Employees : |
08 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Nb |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Cameroon |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
Cameroon - ECONOMIC OVERVIEW
Because of its modest oil resources and favorable agricultural conditions, Cameroon has one of the best-endowed primary commodity economies in sub-Saharan Africa. Still, it faces many of the serious problems confronting other underdeveloped countries, such as stagnant per capita income, a relatively inequitable distribution of income, a top-heavy civil service, endemic corruption, and a generally unfavorable climate for business enterprise. Since 1990, the government has embarked on various IMF and World Bank programs designed to spur business investment, increase efficiency in agriculture, improve trade, and recapitalize the nation's banks. The IMF is pressing for more reforms, including increased budget transparency, privatization, and poverty reduction programs. Subsidies for electricity, food, and fuel have strained the budget. New mining projects - in diamonds, for example - have attracted foreign investment, but large ventures will take time to develop. Cameroon's business environment - one of the world's worst - is a deterrent to foreign investment.
|
Source : CIA |
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COMPANY
REPORTED: |
VALORYS
HORIZON |
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Trade
Names: |
VALORYS
HORIZON CAMEROUN |
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Principal
Address: |
BP 2719
Messa-Yaoundé, Cameroun |
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Telephone:
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+237-99182476/
99828720 |
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Fax: |
+237-22106694 |
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Email: |
||||
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Internet: |
None |
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Established: |
24/04/2012 |
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Registration: |
Cameroun |
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|
Legal
Form: |
Limited
Liability Company, Limited by shares |
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Stock
Listing: |
Not
Listed |
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Workforce: |
2012 |
|
|
|
|
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8 |
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|
|
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Office
& Factories |
|
|||
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Head
offices |
Avenue
Amadou Ahidjo Immeuble Texaco, Yaounde, Cameroun |
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Branches |
None |
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Management/ Directors |
|
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President/ CEO (1) |
|
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Name |
Mr. Yene Michel Eric |
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Active in daily business: |
Active |
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Current Title: |
Managing Director |
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Country of residence |
Cameroun |
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Remarks |
Top Decision
Maker |
|
Director (2) |
|
|
Name |
Mr. Yves Mengueme |
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Active in daily business: |
Active |
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Current Title: |
Director |
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Country of residence |
Cameroun |
No negative information found.
|
Company
Profile: |
|
||
|
Nominal
Capital |
CFA. 1,000,000 |
||
|
Paid in
Capital |
CFA. 1,000,000 |
||
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Subscribed
Capital |
CFA. 1,000,000 |
||
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Shareholders
|
|
||
|
Name |
Position |
Amount
|
Ratio |
|
Mr. Yene Michel Eric |
MD |
|
|
|
Mr. Yves Mengueme |
Director |
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|
|
Total |
|
|
100.00% |
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|
Terms of payment |
|
Buying terms |
30% in cash, 70% on credit |
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Selling terms |
80% in cash, 20% on credit |
|
|
|
|
Suppliers |
Various suppliers |
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Customers |
Local agencies, outlets |
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|
|
|
Recent Sales |
CFA. 120,000,000
(2012 Projected) |
|
Exports |
None |
|
Export Ratio |
0.0% |
|
Import Ratio |
10.0% |
|
Domestic Market Share |
20.0% |
|
Affiliated
Companies |
None |
|
Exchange
Rate |
US$ 1 =
CFA. 514.64 |
|
Business
Activities |
General traders dealing with wood products, beverages,
electricals etc |
|
Business
Premises |
500 Sft |
|
Type of
occupation |
Rented |
|
Location |
The
subject is located close to a major road network |
|
Premises
used as
|
Offices |
|
Banking relationship |
|
|
Main Banks |
Commercial
Bank of Cameroon (CBC) |
|
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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.74 |
|
UK Pound |
1 |
Rs.89.02 |
|
Euro |
1 |
Rs.72.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.