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Report Date : |
14.09.2012 |
IDENTIFICATION DETAILS
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Name : |
JONAH CONSULTING SARL, |
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Registered Office : |
No. 12 Rue De Gare
De New |
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Country : |
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Date of Incorporation : |
21.04.2006 |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Societe Anonyme
Responsabilite Limitee. |
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Line of Business : |
Management
Consultancy firm |
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No. of Employees : |
20 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Cameroon |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
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 |
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.
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Source : CIA |
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COMPANY REPORTED: |
JONAH CONSULTING
SARL, DOULA, CAMEROON |
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Actual Name |
JONAH CONSULTING
SARL |
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Principal Address: |
No. 12 Rue De Gare
De New Bell, Douala, Cameroon |
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Telephone: |
+237-79654304/
98520176 |
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Fax: |
+237-79654304 |
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Email: |
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Internet: |
None |
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Established: |
21/4/2006 |
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Registration: |
Douala, Cameroon |
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Legal Form: |
Societe Anonyme Responsabilite
Limitee. |
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Stock Listing: |
Not Listed |
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Workforce: |
2011 |
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20 |
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Office & Factories |
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Head offices |
No. 12 Rue De Gare
De New Bell, Douala, Cameroon |
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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.
Jonah Nkume |
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Active in daily
business: |
Active |
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Current Title: |
Managing
Director |
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Country of
residence |
Cameroon |
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Remarks |
Top Decision Maker |
̃ 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.
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Company Profile: |
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||
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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
|
Ratio |
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Mr.
Jonah Nkume |
MD |
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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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Recent Sales |
CFA.
320,000,000 (2011 Estimated) |
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Exports |
None |
|
Export Ratio |
0.0% |
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Import Ratio |
30.0% |
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Domestic Market Share |
20.0% |
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Affiliated Companies |
None |
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Business Activities |
Management
Consultancy firm |
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Suppliers |
Various companies |
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Customers |
Firms and
organizations |
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Business Premises |
2000 Sft |
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Type of
occupation
|
Leased |
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Location |
The subject is
located close to a major road network |
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Premises used
as
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Offices |
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Banking relationship |
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Main Banks |
Commercial Bank of
Cameroon (CBC) |
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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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.44 |
|
UK Pound |
1 |
Rs.89.31 |
|
Euro |
1 |
Rs.71.62 |
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.