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Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
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Name : |
BATA INTERNATIONAL SARL |
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Registered Office : |
BPE 3520 |
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Country : |
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Date of Incorporation : |
12.03.1999 |
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Com. Reg. No.: |
MA.BKO.200313 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Importers and distribution of general merchandise
such as food products, dairy products, automotive lubricants and related
products |
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No. of Employees : |
30 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Mali |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Mali - ECONOMIC OVERVIEW
Among the 25 poorest countries in the world, Mali is a landlocked country highly dependent on gold mining and agricultural exports for revenue. The country's fiscal status fluctuates with gold and agricultural commodity prices and the harvest. Mali remains dependent on foreign aid. Economic activity is largely confined to the riverine area irrigated by the Niger River and about 65% of its land area is desert or semidesert. About 10% of the population is nomadic and about 80% of the labor force is engaged in farming and fishing. Industrial activity is concentrated on processing farm commodities. The government in 2011 completed an IMF extended credit facility program that has helped the economy grow, diversify, and attract foreign investment. Mali is developing its cotton and iron ore extraction industries to diversify foreign exchange revenue away from gold. Mali has invested in tourism but security issues are hurting the industry. Mali experienced economic growth of about 5% per year between 1996-2010.
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Source : CIA |
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COMPANY REPORTED: |
BATA INTERNATIONAL SARL |
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Trade Names: |
BATA INTERNATIONAL SARL |
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Principal Address: |
BPE 3520 Bamako, Mali |
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Telephone: |
+223-65911675/2213548/6075750 |
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Fax: |
+223-2213546 |
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Email: |
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Internet: |
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Established: |
12/03/1999 |
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Registration: |
MA.BKO.200313 Bamako,
Mali |
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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: |
2011 |
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30 |
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Office & Factories |
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Head offices |
Zone Industrielle, Route
De Sotuba, Bamako, Mali |
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Branches |
3 towns in Mali |
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Management/ Directors |
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President/ CEO (1) |
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Name |
Mrs.
Hanne Oumar |
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Active in daily
business: |
Active |
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Current Title: |
Director |
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Country of residence |
Mali |
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Remarks |
Top Decision Maker |
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Director (2) |
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Name |
Mr. Oumar Wane |
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Active in daily
business: |
Active |
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Current Title: |
Director |
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Country of residence |
Mali |
No negative information found.
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Company Profile: |
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Nominal Capital |
CFA.
1,000,000 |
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Paid in Capital |
CFA.
1,000,000 |
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Subscribed Capital |
CFA.
1,000,000 |
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Shareholders |
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Name |
Position |
Amount
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Ratio |
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Mrs.
Hanne Oumar |
MD |
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50.00% |
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Mr. Oumar Wane |
Director |
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50.00% |
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Total |
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100.00% |
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Terms of payment |
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Buying terms |
30% in cash, 70% on
credit |
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Selling terms |
80% in cash, 20% on
credit |
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Suppliers |
Various Companies |
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Customers |
local agencies, stores
and outlets |
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Recent Sales |
CFA. 950,000,000 (2011) |
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Exports |
None |
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Export Ratio |
20.0% |
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Import Ratio |
10.0% |
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Domestic Market Share |
20.0% |
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Affiliated Companies |
None |
N/a
Exchange
Rate US$
1 = CFA. 512.47
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Business Activities |
Importers
and distribution of general merchandise such as food products, dairy
products, automotive lubricants and related products |
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Banking relationship |
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Main Banks |
ECO Bank |
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Credit Check of Subject,
President & CEO (as of report date) |
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Payment Morale: |
In the documents at our
disposal nothing adverse has been shown so far. |
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CREDIT RATING: |
Financial situation is
average. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.34 |
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UK Pound |
1 |
Rs.86.97 |
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Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.