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Report Date : |
07.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
STE WHITEWAY (SARL) |
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|
|
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Registered Office : |
Bp 2855 Lome |
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|
|
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Country : |
Togo |
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|
|
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Date of Incorporation : |
12.03.2005 |
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|
|
|
Legal Form : |
Societe Anonyme Responsabilite Limitee |
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|
|
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Line of Business : |
General Traders dealing with food products such
as meat, beverages, etc. |
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|
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No. of Employees : |
20 |
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 : |
Unknown |
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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) |
|
Togo |
C2 |
C2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Togo ECONOMIC OVERVIEW
This small, sub-Saharan economy suffers from anemic economic growth and depends heavily on both commercial and subsistence agriculture, which provides employment for a significant share of the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee, and cotton generate about 40% of export earnings with cotton being the most important cash crop. Togo is among the world's largest producers of phosphate and Togo seeks to develop its carbonate phosphate reserves. The government's decade-long effort, supported by the World Bank and the IMF, to implement economic reform measures, encourage foreign investment, and bring revenues in line with expenditures has moved slowly. Progress depends on follow through on privatization, increased openness in government financial operations, progress toward legislative elections, and continued support from foreign donors. Foreign direct investment inflows have slowed over recent years. Togo completed its IMF Extended Credit Facility in 2011 and reached a HIPC debt relief completion point in 2010 at which 95% of the country's debt was forgiven. Togo continues to work with the IMF on structural reforms.
|
Source : CIA |
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COMPANY REPORTED: |
STE
WHITEWAY (SARL) |
|
Trade Names: |
STE WHITEWAY SARL |
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Principal Address: |
Bp 2855 Lome, Togo |
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Telephone: |
+228-2218076/22217404/9306479 |
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Fax: |
+228-22217294 |
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Email: |
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Internet: |
None |
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Management/
Directors |
|
President/ CEO (1) |
|
|
Name |
Mr. Kumar Sabnani |
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Active
in daily business: |
Active |
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Current
Title: |
Managing Director |
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Country of residence |
Togo |
|
Remarks |
Top Decision Maker |
|
Director (2) |
|
|
Name |
Ms. Suman Sabnani |
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Active
in daily business: |
Active |
|
Current
Title: |
Director |
|
Country of residence |
Togo |
·
Top decision maker is the person who has the
ultimate authority or power to make important managerial decisions. He/She may
or may not be officially registered as a president or an executive director.
No negative information
found
|
Share
Capital |
|||
|
Nominal Capital |
CFA. 1,000,000 |
||
|
Paid in Capital |
CFA. 1,000,000 |
||
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Subscribed Capital |
CFA. 1,000,000 |
||
|
Shareholders
|
|||
|
Name |
Position |
Amount
|
Ratio |
|
Mr. Kumar Sabnani |
MD |
|
|
|
Ms. Suman Sabnani |
Director |
|
|
|
Total |
|
|
100.00% |
|
|
Terms of payment |
|
Buying
terms |
30% in cash, 70% on 30 day credit |
|
Selling
terms |
80% in cash, 20% on credit |
|
|
|
|
Suppliers |
Various suppliers |
|
Customers |
Local agencies, stores, etc |
|
|
|
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Recent
Sales |
CFA. 220,000,000 (2012 Estimated) |
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Exports |
None |
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Export
Ratio |
0.0% |
|
Import
Ratio |
30.0% |
|
Domestic
Market Share |
20.0% |
|
Affiliated Companies |
None |
|
Exchange Rate |
US$ 1 = CFA. 500.20 |
|
Established: |
12/03/2005 |
|||
|
Registration: |
Togo |
|||
|
Legal Form: |
Societe Anonyme Responsabilite Limitee. |
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Stock Listing: |
Not Listed |
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Workforce: |
2012 |
|
|
|
|
|
20 |
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|
|
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Office & Factories |
||||
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Head offices |
295, Rue de La Gase Angle Eue Sovinto, Lome, Togo |
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Branches |
None |
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Business Activities |
General Traders dealing with food products such
as meat, beverages, etc |
|||
|
Business Premises |
1000 Sft |
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Type of occupation
|
Leased |
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Location |
The subject is located close to a major road network |
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Premises used as
|
Offices, Workshop |
|
Banking relationship |
|
|
Main
Banks |
Banque Atlantique Togo |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
UK Pound |
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.70.72 |
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.