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Report Date : |
08.07.2013 |
IDENTIFICATION DETAILS
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Name : |
MOUSTAPHA DIALLO & FILS SARL |
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Registered Office : |
Route du Niger, face Mosquee Nssaer, Madina, Matam, BP 2391 |
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Country : |
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Date of Incorporation : |
16.04.2006 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Importers and exporters of Food Products and General Merchandises |
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No. of Employees : |
10 employees. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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 : |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Guinea |
C2 |
C2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GUINEA - ECONOMIC OVERVIEW
Guinea is a poor country that possesses major mineral,
hydropower, and agricultural resources. The country has almost half of the world's
bauxite reserves and significant iron ore, gold, and diamond reserves. However,
Guinea has been unable to profit from this potential, as rampant corruption,
dilapidated infrastructure, and political uncertainty have drained investor
confidence. In the time since a 2008 coup following the death of long-term
President Lansana CONTE, international donors, including the G-8, the IMF, and
the World Bank, have significantly curtailed their development programs.
Throughout 2009, policies of the ruling military junta severely weakened the
economy. The junta leaders spent and printed money at an accelerating rate,
driving inflation and debt to perilously high levels. In early 2010, the junta
collapsed and was replaced by a Transition Government, which ceded power in
December 2010 to the country's first-ever democratically elected president,
Alpha CONDE. International assistance and investment are expected to return to
Guinea, but the levels will depend upon the ability of the new government to
combat corruption, reform its banking system, improve its business environment,
and build infrastructure. IMF and World Bank programs will be especially
critical as Guinea attempts to gain debt relief. International investors have
expressed keen interest in Guinea's vast iron ore reserves, which could further
propel the country's growth. The government put forward a new mining code in
September 2011 that includes provisions to combat corruption, protect the
environment, and review all existing mining contracts. Longer range plans to
deploy broadband Internet throughout the country could spur economic growth as
well.
Source
: CIA
Registered Name: MOUSTAPHA DIALLO & FILS SARL
Requested Name: MOUSTAPHA
DIALLO & FILS SARL
Other Names: None
Physical Address: Route du Niger, face Mosquee
Nssaer, Madina, Matam,
Postal Address: BP 2391
Conakry,
Country: Guinea
Phone: +224-622252620
Fax: +224-622220730
Email: mgd.fils@yahoo.fr
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: 16/4/2006
Reg. Number: Conakry,
Guinea
Nominal Capital GNF. 100,000,000
Subscribed Capital GNF. 100,000,000
Subscribed Capital is Subscribed in the
following form:
Position Shares
Moustapha M Diallo Director
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as Importers and exporters of Food Products and
General Merchandises
Imports: Middle
East, Asia, Europe
Exports: Africa
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 10
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Guinea
Location: Rented
premises, 2500 square feet,
Auditors: Information not available.
Insurance Brokers: Information not available.
Currency Reported: Guinean franc (GNF.)
Approx. Ex. Rate: 1 US Dollar = 6930. Guinean franc
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 USD.)
2012
Sales 2,000,000
Bank Name: Ecobank Guinea
Branch: Conakry.Guinea
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.60.34 |
|
|
1 |
Rs.90.78 |
|
Euro |
1 |
Rs.77.81 |
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.