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Report Date : |
12.02.2013 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE BERNABE GABON SA |
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Registered Office : |
P.o. Box 2084 Libreville |
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Country : |
Gabon |
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Date of Incorporation : |
05.12.2002 |
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Com. Reg. No.: |
RCCM/2002B14032 |
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Legal Form : |
Limited Liability Company, Limited by shares |
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Line of Business : |
Distributors and Retailers of hardware materials,
equipments and tools etc |
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No. of Employees : |
50 |
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 (31.03.2011) |
Current Rating (30.06.2012) |
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Gabon |
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 |
GABON - ECONOMIC OVERVIEW
Gabon enjoys a per capita income four times that of most
sub-Saharan African nations, but because of high income inequality, a large
proportion of the population remains poor. Gabon depended on timber and
manganese until oil was discovered offshore in the early 1970s. The economy was
reliant on oil for about 50% of its GDP, about 70% of revenues, and 87% of
goods exports for 2010, although some fields have passed their peak production.
A rebound of oil prices from 1999 to 2008 helped growth, but declining production
has hampered Gabon from fully realizing potential gains. Gabon signed a
14-month Stand-By Arrangement with the IMF in May 2007, and later that year
issued a $1 billion sovereign bond to buy back a sizable portion of its Paris
Club debt. Gabon continues to face fluctuating prices for its oil, timber, and
manganese exports. Despite the abundance of natural wealth, poor fiscal
management has stifled the economy. However, President BONGO has made efforts
to increase transparency and is taking steps to make Gabon a more attractive
investment destination to diversify the economy. BONGO has attempted to boost
growth by increasing government investment in human resources and
infrastructure. GDP grew more than 6% per year over the 2010-12 period.
Source : CIA
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COMPANY REPORTED: |
BERNABE GABON SA |
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Actual Names: |
SOCIETE BERNABE GABON SA |
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Trade Names: |
BERNABE ALLIANCE |
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Principal Address: |
P.o. Box 2084 Libreville, Gabon |
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Telephone: |
+241-761058/743433/34 |
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Fax: |
+241-760521 |
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Email: |
bernalbv@internetgabon.com/ commerciallbv@bernabe-gab.com |
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Internet: |
www.bernabeafrique.com |
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Established: |
05/12/2002 |
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Started: |
23/06/2003 |
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Registration: |
RCCM/2002B14032 |
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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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50 |
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Office & Factories |
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Head offices |
Zone Industrielle D'Oloumi, Libreville, Gabon |
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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. Maupome Etienne |
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Active
in daily business: |
Active |
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Current
Title: |
Managing Director |
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Country of residence |
Burkina Faso |
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Remarks |
Top Decision Maker |
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Director (2) |
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Name |
Mr. Bassem Nsouli |
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Active
in daily business: |
Active |
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Current
Title: |
Director |
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Country of residence |
Burkina Faso |
No negative information
found
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Share Capital |
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Nominal Capital |
CFA. 762,300,000 |
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Paid in Capital |
CFA. 762,300,000 |
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Subscribed Capital |
CFA. 762,300,000 |
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Shareholders |
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Name |
Position |
Amount |
Ratio |
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Mr. Maupome Etienne |
MD |
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Mr. Bassem Nsouli |
Director |
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Mr. Mekbebe Yohannes |
Director |
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Mr. Abdoulaye Diao |
Director |
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Mr. Thierry Mahloul |
Director |
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Yeshi Group |
Holding Co. |
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100.00% |
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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 such as SNR group etc |
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Customers |
Public in general |
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Recent
Sales |
CFA. 2,600,000,000 (2011 Estimated) |
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Exports |
None |
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Export
Ratio |
0.0% |
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Import
Ratio |
50.0% |
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Domestic
Market Share |
40.0% |
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Affiliated Companies |
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Company (1) |
BERNABE CAMEROUN SA, |
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Company (2) |
BERNABE GABON, |
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Company (3) |
BERNABE GUINEE EQUATORIALE, |
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Company (4) |
MONDIAL CYCLE NOUVELLE, |
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Company (5) |
RIMCO (IVORY COAST), |
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Company (6) |
TECHNOLOGIE MAROCAINE DES 2 ROUES, |
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Company (7) |
UNIVERSELLE INDUSTRIE SARL. |
N/a
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Exchange
Rate |
US$ 1 = CFA. 484.57 |
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Established: |
05/12/2002 |
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Started: |
23/06/2003 |
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Registration: |
RCCM/2002B14032 |
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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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50 |
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Office & Factories |
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Head offices |
Zone Industrielle D'Oloumi, Libreville, Gabon |
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Branches |
None |
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Business Activities |
Distributors and Retailers of hardware materials, equipments and tools
etc |
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Business Premises |
5000 Sft |
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Type of occupation
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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, Workshop |
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Banking relationship |
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Main
Banks |
BICIS Bank |
--
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.53.68 |
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|
1 |
Rs.84.84 |
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Euro |
1 |
Rs.71.87 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.