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Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE FOKOU FOBERD SARL |
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Registered Office : |
BP 695 Yaounde |
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Country : |
Cameroon |
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Date of Incorporation : |
10.09.1998 |
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Com. Reg. No.: |
1478 Yaounde, Cameroon |
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Legal Form : |
Societe Anonyme Responsabilite Limitee. |
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Line of Business : |
Construction industry. |
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No. of Employees : |
420 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
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Cameroon |
B2 |
B2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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Source : CIA |
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COMPANY
REPORTED: |
SOCIETE
FOKOU |
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Actual
Names: |
SOCIETE
FOKOU FOBERD SARL |
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Other
Names: |
FOBERD
BTP |
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Principal
Address: |
BP 695
Yaounde, Cameroon |
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Telephone:
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+237-33-428779/437830/438031/2944/0936/392978/79/461699/403358/
436287/9788/420105/375482/3401434/39/41/22313184/2230419 |
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Fax: |
+237-33431213/461400/3401436/2232303 |
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Email: |
secfokou@yahoo.fr /
fokou_yves@yahoo.com/ secretariat@fokou.com/ |
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Internet: |
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Established: |
10/9/1998 |
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Registration: |
1478
Yaounde, Cameroon |
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Legal
Form: |
Societe
Anonyme Responsabilite Limitee. |
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Stock
Listing: |
Not
Listed |
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Workforce: |
2012 |
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420 |
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Office
& Factories |
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Head
offices |
A Cote De
Messa, Quartier Mokolo 695 Yaounde Messa, Cameroon |
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Branches |
Douala,
Dschang, Bamenda, Bafoussam, Limbe, Abong-Mbang in Cameroon |
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Management/ Directors |
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President/ CEO (1) |
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Name |
Mr. Bernard Fokou |
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Active in daily business: |
Active |
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Current Title: |
Chairman |
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Country of
residence |
Cameroon |
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Remarks |
Top
Decision Maker |
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Director (2) |
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Name |
Mr. Geoffrey Fokou |
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Active in daily business: |
Active |
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Current Title: |
Director |
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Country of
residence |
Cameroon |
No negative information found.
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Company Profile: |
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Nominal
Capital |
CFA. 100,000,000 |
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Paid in
Capital |
CFA. 100,000,000 |
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Subscribed
Capital |
CFA. 100,000,000 |
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Shareholders |
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Name |
Position |
Amount
|
Ratio |
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Mr. Bernard Fokou |
Chairman |
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Mr. Geoffrey Fokou |
Director |
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Mr. Elie Nganda |
Director |
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Mr. P. Laurent |
Director |
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Mr. Poulioglou M. |
Director |
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Groupe Fokou |
Holding Co. |
|
100.00% |
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Total |
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|
100.00% |
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Terms of payment |
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Buying terms |
30% in
cash, 70% on credit |
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Selling terms |
80% in
cash, 20% on credit |
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|
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Suppliers |
Hoss
Equipment |
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Customers |
Local
agencies , Construction companies, real estate developers |
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Recent Sales |
CFA.
3,800,000,000 (2012) |
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Exports |
None |
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Export Ratio |
0.0% |
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Import Ratio |
70.0% |
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Domestic Market Share |
20.0% |
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Affiliated Companies |
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Company
(1) |
ACIERIES |
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Company
(2) |
BOCAM |
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Company
(3) |
CABLERIES |
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Company
(4) |
GIM GAZ |
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Company
(5) |
NEW FOODS |
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Company
(6) |
SCTB |
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Company
(7) |
SFPAL |
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Company
(8) |
SMALTO |
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Company
(9) |
SOFAMAC |
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Company
(10) |
SOFAVINC |
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Company
(11) |
SOGAMATEC |
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Exchange
Rate |
US$ 1 =
CFA. 500.20 |
|
Business
Activities |
Construction industry. |
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Business
Premises |
20,000
Sft |
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Type of
occupation
|
Owned |
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Location |
The
subject is located close to a major road network |
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Premises
used as
|
Offices |
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Banking relationship |
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Main Banks |
BOA Bank |
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Credit Check of Subject, President
& CEO (as of report date) |
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Payment
Morale: |
In the documents at our disposal nothing
adverse has been shown so far. |
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CREDIT
RATING: |
Financial situation is average. |
The address provided i.e. BP 5422 Douala, Cameroon belongs to subject company’s affiliate SMALTO correct address is as above.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.16 |
|
UK Pound |
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.99 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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.