MIRA INFORM REPORT

Report Date :

09.07.2013

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	No Trace

Payment Behaviour :	--

Litigation :	--

NOTES :

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ECGC Country Risk Classification List – March 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Gabon

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
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 ONDIMBA has made efforts to increase transparency and is taking steps to make Gabon a more attractive investment destination to diversify the economy. BONGO ONDIMBA 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

SUBJECT'S NAME

Registered Name: SOCIETE ALEX MARKET

Requested Name: SOCIETE ALEX MARKET

Other Names: None

ADDRESS AND TELECOMMUNICATION

Postal Address: Bp 20052

Libreville

Country: Gabon

CREDIT OPINION

A Search was conducted with the registry of companies, Chamber of commerce, Telephone directories and also Search with the Telkom could not assist in tracing the company, in the view that we have exhaustively traced the company with no success. We recommend secured credit only.

However should Further Information be available, E.g. telephone, Fax, Email additional Investigations will be conducted

Note :

Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.

INFORMATION DETAILS

Report Prepared by :

PRL

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