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Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
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Name : |
LENTREPRISE BUO LOM-ET-DJEREM, EST |
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Registered Office : |
Est Lom-Et-Djerem,Bertoua |
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Country : |
Cameroon |
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Date of Incorporation : |
03.01.2008 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
General Traders |
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No. of Employees : |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
|
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: |
LENTREPRISE
BUO LOM-ET-DJEREM, EST |
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Principal
Address: |
Est
Lom-Et-Djerem,Bertoua, Cameroon |
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Telephone:
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+237-91236987 |
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Fax: |
+237-91236987 |
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Email: |
None |
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Internet: |
None |
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Established: |
03/01/2008 |
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Registration: |
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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8 |
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Office
& Factories |
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Head
offices |
Est
Lom-Et-Djerem,Bertoua, 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. Ben P. |
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Active in daily
business: |
Active |
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Current Title: |
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.
|
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 could not be ascertained. |
No negative
information found.
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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 |
|
Mr. Ben P. |
Director |
|
|
|
Mr. Abi Musa |
Manager |
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Total
|
|
|
100.00% |
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Terms of payment |
|
Buying
terms |
Declined |
|
Selling
terms |
80% in cash, 20% on credit |
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Affiliated
Companies |
None |
|
Exchange
Rate |
US$
1 = CFA. 511.35 |
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Business
Activities |
General Traders |
|
Suppliers |
None Stated |
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Customers |
Public |
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Recent
Sales |
CFA.
120,000,000 (2012 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 |
5.0% |
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Business
Premises |
1000
Sft |
|
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
|
Offices |
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Banking
relationship |
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|
Main
Banks |
ECOBANK |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
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 |
|
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.