|
Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
DISTRIBUTION DE PRODUITS ALIMENTAIRES |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
26.01.1981 |
|
|
|
|
Com. Reg. No.: |
81B121Dakar, Senegal |
|
|
|
|
Legal Form : |
Limited Liability Company, Limited by shares |
|
|
|
|
Line of Business : |
Manufacturer and distribution of food products |
|
|
|
|
No. of Employees : |
120 |
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 |
|
|
|
|
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) |
|
|
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
COMPANY REPORTED: |
DISTRIBUTION DE PRODUITS ALIMENTAIRES |
|||
|
Trade Names: |
PATISEN |
|||
|
Principal Address: |
P.o. Box 185 Dakar, Senegal |
|||
|
Telephone: |
+221-33-8496570/ 65 |
|||
|
Mobile: |
+221-775692047 |
|||
|
Fax: |
+221-33-823705 |
|||
|
Email: |
||||
|
Internet: |
||||
|
Established: |
26/01/1981 |
|||
|
Registration: |
81B121Dakar, Senegal |
|||
|
Legal Form: |
Limited Liability Company, Limited by shares |
|||
|
Stock Listing: |
Not Listed |
|||
|
Workforce: |
2011 |
|
|
|
|
|
120 |
|
|
|
|
Office & Factories |
|
|||
|
Head offices |
Place Leclerc 33 Boulevard De La Liberation, Dakar, Senegal |
|||
|
Branches |
3 branches in Senegal |
|||
|
Management/
Directors |
|
|
President/
CEO (1) |
|
|
Name |
Youssef Omais |
|
Active in daily business: |
Actve |
|
Current Title: |
Managing Director |
|
Country of residence |
Senegal |
|
Remarks |
Top Decision Maker |
|
Director
(2) |
|
|
Name |
Zandi Cisse |
|
Active in daily business: |
Active |
|
Current Title: |
Assistant Managing
Director |
|
Country of residence |
Senegal |
̃ 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.
No negative information
found.
|
Company Profile: |
|
|
Nominal Capital |
CFA. 500,000,000 |
|
Paid in Capital |
CFA. 500,000,000 |
|
Subscribed Capital |
CFA. 500,000,000 |
|
Shareholders |
|
||
|
Name |
Position |
Amount
|
Ratio |
|
Youssef Omais |
MD |
|
|
|
Zandi Cisse |
Assistant MD |
|
|
|
Total |
|
|
100.00% |
|
|
Terms of
payment |
|
|
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. 528 |
|
Business Activities |
Manufacture and distribution
of food products |
|
|
Suppliers |
Various
Companies Farms, Suppliers etc |
|
|
Customers |
Hotels,
restaurants etc |
|
|
|
|
|
|
Recent
Sales |
CFA.
6,950,000,000 (2011) |
|
|
Exports |
Africa and Abroad |
|
|
Export
Ratio |
40.0% |
|
|
Import
Ratio |
0.0% |
|
|
Domestic
Market Share |
30.0% |
|
|
Business Premises |
10,000 Sft |
|
|
Type of occupation
|
Owned |
|
|
Location |
The subject is located close to a major road network |
|
|
Premises used as
|
Offices |
|
|
Banking
relationship |
|
|
|
Main
Banks |
BOA 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. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.71 |
|
UK Pound |
1 |
Rs.86.34 |
|
Euro |
1 |
Rs.69.23 |
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.