|
Report Date : |
09.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SOCIETE POLYMAX |
|
|
|
|
Registered Office : |
Blvd. Joseph, 4ème Rue,
Libreville |
|
|
|
|
Country : |
Gabon |
|
|
|
|
Year of Establishments: |
2010 |
|
|
|
|
Legal Form : |
Limited Corporation |
|
|
|
|
Line of Business : |
general traders
dealing with plastic products |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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) |
|
Gabon |
B2 |
B2 |
|
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 |
Registered Name: SOCIETE POLYMAX
Requested Name: SOCIETE
POLYMAX
Other Names: None
Physical Address: Blvd. Joseph, 4ème Rue,
Libreville,
Postal Address: BP 2341
Liberville
Country: Gabon
Phone: 241-778250
Fax: 241-778250
Email: None
Website: None
Financial Index as of December 2012 shows subject firm with a medium
risk of credit.
Legal Form: Limited Corporation
Date Incorporated: 2010
Reg. Number: Liberville,
Gabon
Nominal Capital CFA. 100,000,000
Subscribed Capital CFA. 100,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. G. Bertrand Director
Group De Negoce
International Holding co
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as general traders dealing with plastic products
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(60%) and 25-90 days (40%), invoices.
Main Customers: Local
agencies etc
Employees: 20
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Gabon
Location: Rented
premises, 5,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Central African Franc (CFA.)
Approx. Ex. Rate: 1 US Dollar = 528 Central African 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 CFA.)
2012
Sales 210,000,000
Bank Name: Ecobank
Branch: Gabon
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.61.05 |
|
UK Pound |
1 |
Rs.90.89 |
|
Euro |
1 |
Rs.78.27 |
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 |
|
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.