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Report Date : |
23.02.2013 |
IDENTIFICATION DETAILS
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Name : |
TALA TALA PUBLICATION |
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Registered Office : |
Avenue Liautey-Och Moungali-Imm Ebourefe 2224 Brazaville |
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Country : |
Congo |
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Date of Incorporation : |
11.07.2008 |
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Com. Reg. No.: |
R.C 08-B-1117 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Subject operate as magazines and brochures publishers, editing magazines, advertising information, scientific, artistic, literary and medical and other advertising |
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No. of Employees : |
10 employees. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Congo |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
CONGO - ECONOMIC OVERVIEW
The economy of the Democratic Republic of the Congo - a nation endowed
with vast potential wealth - is slowly recovering from decades of decline.
Systemic corruption since independence in 1960 and conflict that began in May
1997 has dramatically reduced national output and government revenue, increased
external debt, and resulted in the deaths of more than 5 million people from
violence, famine, and disease. Foreign businesses curtailed operations due to
uncertainty about the outcome of the conflict, lack of infrastructure, and the
difficult operating environment. Conditions began to improve in late 2002 with
the withdrawal of a large portion of the invading foreign troops. The
transitional government reopened relations with international financial
institutions and international donors, and President KABILA began implementing
reforms. Progress has been slow and the International Monetary Fund curtailed
its program for the DRC at the end of March 2006 because of fiscal overruns. Much
economic activity still occurs in the informal sector and is not reflected in
GDP data. Renewed activity in the mining sector, the source of most export
income, boosted Kinshasa's fiscal position and GDP growth from 2006-08,
however, the government's review of mining contracts that began in 2006,
combined with a fall in world market prices for the DRC's key mineral exports
temporarily weakened output in 2009, leading to a balance of payments crisis.
The recovery in mineral prices beginning in mid 2009 boosted mineral exports,
and emergency funds from the IMF boosted foreign reserves. An uncertain legal
framework, corruption, and a lack of transparency in government policy are
long-term problems for the mining sector and for the economy as a whole. The
global recession cut economic growth in 2009 to less than half its 2008 level,
but growth returned to 6-7% in 2010-11. The DRC signed a Poverty Reduction and
Growth Facility with the IMF in 2009 and received $12 billion in multilateral
and bilateral debt relief in 2010.
Source
: CIA
Registered Name: TALA TALA PUBLICATION
Requested Name: TALA
TALA PUBLICATION
Other Names: None
Physical Address: Avenue Liautey-Och Moungali-Imm
Ebourefe 2224 Brazaville
Postal Address: 761, Rue Madzia, Plateau des 15
ans, Brazzaville
Country: Congo
Phone: 242-57600200
Fax: 24201760229
Email: lisette.tumba@couleurafrique.com
Website: None
Financial Index as of December 2012 shows subject firm with a medium
risk of credit. However, bank and credit information obtained reveal a history
of prompt payments.
Legal Form: Limited Corporation
Date Incorporated: 11/07/2008
Reg. Number: R.C
08-B-1117
Nominal Capital CFA. 1,000,000
Subscribed Capital CFA. 1,000,000
Subscribed Capital is Subscribed in the
following form:
Position Shares
Justin Antoine
Magloire Nzoloufoua Director 100%
Lisette Tumba Manager
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as magazines and brochures publishers, editing
magazines, advertising information, scientific, artistic, literary and medical
and other advertising
Imports: Middle
East
Exports: Asia
Trademarks: None
Terms of sale: Cash
(40%) and 30 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 10
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Ethiopia
Location: Rented
premises, 1,500 square feet,
Auditors: Information not available.
Insurance Brokers: Information not available.
Currency Reported: Congo Francs (CFA.)
Approx. Ex. Rate: 1 US Dollar = 528 Congo Francs
Fiscal Year End: December
31, 2012
Inflation:
According
to information given by independent sources, the inflation at December
31st, 2012 was of 13%.
Financial Information not Submitted
Profit and Loss (expressed in CFA.)
2012
Sales
Bank Name: Banque Commerciale
Internationale
Branch: Congo
Comments: None
Experiences: Good
None
This information was obtained from outside sources other than the
subject company itself and confirmed the above subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.43 |
|
|
1 |
Rs.83.20 |
|
Euro |
1 |
Rs.71.91 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.