MIRA INFORM REPORT

 

 

Report Date :           

25.01.2012

 

IDENTIFICATION DETAILS

 

Name :

PISCON BENIN LEATHERS AND ACCESSORIES SARL

 

 

Registered Office :

Carre C/48 Akpakpa 03 Avenue Parakou

 

 

Country :

Benin

 

 

Date of Incorporation :

---

 

 

Com. Reg. No.:

---

 

 

Legal Form :

Societe Anonyme Responsabilite Limitee.

 

 

Line of Business :

dealers in general merchandise such as leather, accessories and other related products

 

 

No. of Employees :

---

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

---

 

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)

Benin

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

SUBJECT'S NAME   

 

Registered Name:                                    PISCON BENIN LEATHERS AND ACCESSORIES SARL

Requested Name:                                    PISCON BENIN LEATHERS AND ACCESORIES SARL

Other Names:                                          None

 

 

ADDRESS AND TELECOMMUNICATION

 

Physical Address:                                   Carre C/48 Akpakpa 03 Avenue Parakou

Postal Address:                                       Carre C/48 Akpakpa 03 Avenue Parakou

Country:                                                  Republic of Benin

Legal Form:                                           Societe Anonyme Responsabilite Limitee.

 

 

OPERATIONS

 

Registered to operate as dealers in general merchandise such as leather, accessories and other related products

 

 

CREDIT OPINION

 

A Search was conducted with the registry of companies, and also with the Telkom could not assist in tracing the

company, in the view that we have exhaustively traced the company with no success. We recommend secured credit only.

 

Nevertheless, the following information on the subject was obtained from an outside authority, Should further contact information be available i.e. telephone number, fax, E-mail further investigations will be instituted.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.97

UK Pound

1

Rs.77.74

Euro

1

Rs.65.09

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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