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Report Date : |
01.04.2013 |
IDENTIFICATION DETAILS
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Name : |
GROUPE FOKOU CAMEROON |
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Registered Office : |
P.o. Box 695 Yaounde |
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Country : |
Cameroon |
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Date of Incorporation : |
12.09.1998 |
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Com. Reg. No.: |
M1478 Yaounde Cameroon |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Wholesale and retail of hardware appliances, daily necessities,
building materials, and also wood processing plants, also operating import
and export trade |
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No. of Employees : |
600 |
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 : |
Usually Correct |
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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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Cameroon |
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 |
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: |
GROUPE FOKOU CAMEROON |
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Principal Address: |
P.o. Box 695 Yaounde Cameroon |
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Telephone: |
+237-33-428779/437830/438031/2944/0936/392978/79/461699/403358/ 436287/9788/420105/375482/3401434/39/41/22313184/2230419 |
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Cell: |
+237-9689825 |
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Fax: |
+237-33428788/33431213/461400/3401436/2232303 |
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Email: |
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Internet: |
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Established: |
12/9/1998 |
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Registration: |
M1478 Yaounde Cameroon |
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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: |
2012 |
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600 |
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Office
& Factories |
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Head offices |
A Cote De Messa, Quartier Mokolo 695 Yaounde Messa, Cameroon |
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Branches |
Douala, Dschang, Bamenda, Bafoussam, Limbe, Abong-Mbang in Cameroon |
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Management/
Directors |
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President/ CEO (1) |
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Name |
Mr. Elie Nganda |
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Active
in daily business: |
Active |
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Remarks |
Top Decision Maker |
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Director (2) |
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Name |
Mr. P. Laurent |
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Active
in daily business: |
Active |
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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Share Capital |
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Nominal Capital |
CFA. 100,000,000 |
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Paid in Capital |
CFA. 100,000,000 |
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Subscribed Capital |
CFA. 100,000,000 |
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Shareholders |
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Name |
Position |
Amount
|
Ratio |
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Mr. Elie Nganda |
AMD |
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Mr. P. Laurent |
Director |
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Mr. Poulioglou M |
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 credit |
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Selling
terms |
80%
in cash, 20% on credit |
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Suppliers |
Various companies such as Hoss Equipment etc |
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Customers |
Local agencies , Construction companies, real estate
developers |
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Recent
Sales |
CFA. 8,680,000,000 (2012 Estimated) |
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Exports |
None |
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Export
Ratio |
0.0% |
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Import
Ratio |
70.0% |
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Domestic
Market Share |
20.0% |
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Affiliated
Companies |
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Company (1) |
FOBERD BTP |
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Company (2) |
OCA |
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Company (3) |
SOTRASCAM |
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Exchange
Rate |
US$ 1 = CFA. 510.04 |
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Established: |
12/9/1998 |
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Registration: |
M1478 Yaounde Cameroon |
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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: |
2012 |
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600 |
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Office & Factories |
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Head offices |
A Cote De Messa, Quartier Mokolo 695 Yaounde Messa, Cameroon |
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Branches |
Douala, Dschang, Bamenda, Bafoussam, Limbe, Abong-Mbang in Cameroon |
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Business Activities |
Wholesale and retail of hardware appliances, daily necessities,
building materials, and also wood processing plants, also operating import
and export trade. |
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Business Premises |
5000 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 |
ECO Bank |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.