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Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
M. K INTERNATIONAL SARL |
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|
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Registered Office : |
Koumassi, 10BP 1095 Abidjan 10, Ivory Coast |
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|
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Country : |
Cote D’Ivoire |
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Date of Incorporation : |
14.03.2013 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
The Subject is engaged in trading and import-export, and more
generally in all movable and immovable commercial, financial, industrial,
that relate directly or indirectly to any of the objects defined above and
all similar or related items or likely to facilitate the implementation or
development. |
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|
|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
-- |
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) |
|
Cote D’Ivoire |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COTE D’IVOIRE - ECONOMIC OVERVIEW
Cote d''Ivoire is heavily dependent on agriculture and
related activities, which engage roughly 68% of the population. Cote d''Ivoire
is the world''s largest producer and exporter of cocoa beans and a significant
producer and exporter of coffee and palm oil. Consequently, the economy is
highly sensitive to fluctuations in international prices for these products,
and, to a lesser extent, in climatic conditions. Cocoa, oil, and coffee are the
country''s top export revenue earners, but the country is also producing gold.
Since the end of the civil war in 2003, political turmoil has continued to
damage the economy, resulting in the loss of foreign investment and slow
economic growth. In late 2011, Cote D''Ivoire''s economy began to recover from
a severe downturn of the first quarter of the year that was caused by
widespread post-election fighting. In June 2012 the IMF and the World Bank
announced $4.4 billion in debt relief for Cote d''Ivoire under the Highly
Indebted Poor Countries Initiative. Cote d''Ivoire''s long term challenges
include political instability and degrading infrastructure.
|
Source
: CIA |
M. K INTERNATIONAL SARL
ADDRESSES
Main Address: Koumassi, 10BP 1095
Zip code/City: Abidjan 10, Ivory
Coast
Telephone: +225 55 67 17 18
E-mail: mkinternationalsarl6072@gmail.com
Established: 2013
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4690
Non-specialised wholesale trade
Banks: ECO BANK, Abidjan 01
Employees: unknown
CNPJ: -
Board of
Directors:
General Director Mishra ShristinarayanSambhhoonath,
Birthplace: India, Residential address: Abidjan, Ivory Coast
Official
Administration:
Owner Mishra
ShristinarayanSambhhoonath, Birthplace: India, Residential address: Abidjan,
Ivory Coast
Public
information:
-
State Register: CI-ABJ-2013-4094
Legal form: Limited
Liability Company
Incorporation date: 14.03.2013
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: Registre du Commerce du
Côte d'Ivoire
Entry Deleted Capital
active Capital XOF 1,000,000, paidup XOF
1,000,000
Entry Deleted Capital
Structure
active 200 Registered shares of XOF
5,000,--
Import and Export:
Import, Export
Payment history:
No payment experiences available as yet.
Owners/-s:
Class: 100%
Name: Mishra ShristinarayanSambhhoonath
City/Country: Abidjan, Ivory
Coast/CI
Capital share: XOF 1,000,000,--
Interest: 100,00% voting
right, 100,00% capital interest (since 14.03.2013)
Financial
information:
As the company was only recently established there are no accounts
available as yet. The course of business and affaires remains to be seen.
Exchange rate:
US$ 1,00 = XOF 494,479 - Official rate on 12.06.2013
Main Activities:
The business is engaged in trading and import-export, and more generally
in all movable and immovable commercial, financial, industrial, that relate
directly or indirectly to any of the objects defined above and all similar or
related items or likely to facilitate the implementation or development.
Operations &
branches:
At the address, Koumasssi, 10BP 1095, Abidjan 10, we find the companies
head office.
When trying to call the phone number +225 55 67 17 18, we each time only
got a voicemail message/answering machine.
We also tried to reach the notary public who handled the foundation of
the company, Miss M'Bengue. However, we could not reach her either.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.27 |
|
|
1 |
Rs.91.15 |
|
Euro |
1 |
Rs.77.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.