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Report Date : |
10.10.2012 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE DE TOLES ET DE GALVANISATION DE |
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Registered Office : |
15 Bp 144 Abidjan 15 |
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Country : |
Cote D’Ivoire (Ivory Coast) |
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Year of Establishment : |
1969 |
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Com. Reg. No.: |
R. C N : CI-ABJ-1969-B6647 Cote D’Ivoire |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Manufacturer of galvanised corrugated sheets and
other roofing materials |
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No. of Employees : |
300 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Cote D’Ivoire (Ivory Coast) |
C1 |
C1 |
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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 |
Cote d'Ivoire - ECONOMIC
OVERVIEW
Cote d'Ivoire is heavily dependent on agriculture and related activities,
which engage roughly 68% of the population. Cote d'Ivoire is the world's
largest producer and exporter of cocoa beans and a significant producer and
exporter of coffee and palm oil. Consequently, the economy is highly sensitive
to fluctuations in international prices for these products, and, to a lesser
extent, in climatic conditions. Cocoa, oil, and coffee are the country's top
export revenue earners, but the country is also producing gold. Since the end
of the civil war in 2003, political turmoil has continued to damage the
economy, resulting in the loss of foreign investment and slow economic growth.
GDP grew by more than 2% in 2008 and around 4% per year in 2009-10. Per capita
income has declined by 15% since 1999 but registered a slight improvement in
2009-10. Power cuts caused by a turbine failure in early 2010 slowed economic
activity. Cote d'Ivoire in 2010 signed agreements to restructure its Paris Club
bilateral, other bilateral, and London Club debt. Cote d'Ivoire's long term
challenges include political instability and degrading infrastructure. In late
2011, Cote D'Ivoire's economy was recovering from a severe downturn of the
first quarter of the year that was caused by widespread post-election fighting.
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Source : CIA |
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COMPANY REPORTED: |
SOCIETE DE TOLES ET DE GALVANISATION DE |
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Full Names: |
SOCIETE DE TOLES ET GALVANISATION DE PROFILAGE ET
CONFILAGE SA |
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Other Names: |
Toles Ivoire Le Guerrier |
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Principal Address: |
15 Bp 144 Abidjan 15, Cote D’Ivoire |
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Telephone: |
+225-21214200/21275584/ 21273333 |
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Fax: |
+225-21274324 |
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Email: |
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Internet: |
None |
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Established: |
1969 |
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Registration: |
R. C N : CI-ABJ-1969-B6647 Cote D’Ivoire |
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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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300 |
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Office & Factories |
||||
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Head offices |
Profilage Et Confilage Sa "Toles Ivoire Le Guerrier" Rue De Textile Zone industrielle De Vridi,
Abidjan, Cote D’Ivoire |
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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. Philippe Mignard |
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Active in daily
business: |
Active |
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Current Title: |
Director |
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Country of residence |
Cote D’Ivoire |
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Remarks |
Top Decision Maker |
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Director (2) |
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Name |
Mr. Flis Marc |
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Active in daily
business: |
Active |
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Current Title: |
Director |
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Country of residence |
Cote D’Ivoire |
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
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Company Profile: |
|
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Nominal Capital |
CFA. 975,000,000 |
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Paid in Capital |
CFA. 975,000,000 |
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Subscribed Capital |
CFA. 975,000,000 |
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Shareholders |
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Name |
Position |
Amount |
Ratio |
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Mr. Philippe Mignard |
Director |
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Mr. Flis Marc |
Director |
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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 30 day credit |
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Selling
terms |
80%
in cash, 20% on credit |
|
Suppliers |
Various
companies |
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Customers |
Industries,
firms and organizations |
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Recent
Sales |
CFA. 2,953,000,000 (2011 Estimated) |
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Exports |
None |
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Export
Ratio |
0.0% |
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Import
Ratio |
10.0% |
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Domestic
Market Share |
20.0% |
|
Affiliated Companies |
In Mali |
N/a
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Exchange Rate |
US$ 1 = CFA. 504.50 |
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Established: |
1969 |
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|
Registration: |
R. C N : CI-ABJ-1969-B6647 Cote D’Ivoire |
||||
|
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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|
|
|
|
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300 |
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|
|
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Office & Factories |
|||||
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Head offices |
Profilage Et Confilage Sa "Toles Ivoire Le Guerrier" Rue De Textile Zone industrielle De Vridi,
Abidjan, Cote D’Ivoire |
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Branches |
None |
||||
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Business Activities |
Manufacture of
galvanised corrugated sheets and other roofing materials |
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Business Premises |
5000 square meters |
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Type of occupation
|
Owned |
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Location |
The subject is located close to a major road network |
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Premises used as
|
Offices |
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Banking
relationship |
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Main
Banks |
BOA BANK |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.38 |
|
UK Pound |
1 |
Rs.83.99 |
|
Euro |
1 |
Rs.67.99 |
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 |
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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 |
|
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 |
|
---- |
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.