|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCIM |
|
|
|
|
Registered Office : |
Moroni El-Maarouf,Moroni |
|
|
|
|
Country : |
Cameroon |
|
|
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Date of Incorporation : |
10.07.2007 |
|
|
|
|
Legal Form : |
Limited Corporation |
|
|
|
|
Line of Business : |
consultancy firm |
|
|
|
|
No. of Employees : |
15 |
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 |
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|
|
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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) |
|
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CAMEROON ECONOMIC OVERVIEW
Because of its
modest oil resources and favorable agricultural conditions, Cameroon has one of
the best-endowed primary commodity economies in sub-Saharan Africa. Still, it
faces many of the serious problems confronting other underdeveloped countries,
such as stagnant per capita income, a relatively inequitable distribution of
income, a top-heavy civil service, endemic corruption, and a generally
unfavorable climate for business enterprise. Since 1990, the government has
embarked on various IMF and World Bank programs designed to spur business
investment, increase efficiency in agriculture, improve trade, and recapitalize
the nation's banks. The IMF is pressing for more reforms, including increased budget
transparency, privatization, and poverty reduction programs. Subsidies for
electricity, food, and fuel have strained the budget. Cameroon recently began
several large infrastructure projects, including a deep sea port in Kribi, a
natural gas powered electricity generating plant, and several hydroelectric
dams. Cameroon must attract more investment to improve its inadequate
infrastructure, but its business environment is a deterrent to foreign
investment.
|
Source
: CIA |
Registered Name: SCIM
Requested Name: SCIM
Other Names: None
Physical Address: Moroni El-Maarouf,Moroni
Postal Address: B.P. 63
Moroni
Country: Comoros
Phone: 269-7738449/3336883
Fax: 269-3350814
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: 10-July-2007
Reg. Number: Comoros
Nominal Capital KMF. 1,000,000
Subscribed Capital KMF. 1,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Mr. Magasin Saguir
Sam Director
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as consultancy firm
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 15
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Comoros
Location: Rented
premises, 1,500 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Comoroian Franc (KMF.)
Approx. Ex. Rate: 1 US Dollar = 376.78Comorosn 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 KMF.)
2012
Sales 150,000,000
Bank Name: Exim Bank (Comores)
Branch: Comoros
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.60.13 |
|
UK Pound |
1 |
Rs.89.52 |
|
Euro |
1 |
Rs.76.89 |
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.