MIRA INFORM REPORT
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Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
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Name : |
MESSAPRESSE |
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Registered Office : |
Bd de la République, Entrepôts Saga, BP 759, Zip code/City Douala |
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Country : |
Cameroon |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Unknown |
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Line of Business : |
Distributor National and International Newspaper / General Library and school library of Cameroon |
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No. of Employees : |
40 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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) |
|
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 |
REGISTERED NAME & COMPANY SUMMARY
Messapresse
ADDRESSES:
Main
Address: Bd de
la République, Entrepôts Saga, BP 759
Zip
code/City: Douala,
Cameroon
Telephone: + 237 33 37 70
15
Fax: + 237
33 37 70 14
E-mail: presse@messapresse.com
WIN
Worldbox No.: CM0000019998
Profile
Line
of Business: Media
Industry
Division: Services
Industry-code
(NACE): 5813 Publishing of
newspapers
5814
Publishing of journals and periodicals
Banks: Not
disclosed.
Employees: 40
CNPJ: -
DIRECTORS/MANAGEMENT
Board of
Directors:
General Director Dominique
Le Boulc''''h
NEGATIVE INFORMATION
Public
information:
-
PAYMENT INFORMATION
Import and Export:
-
Payment history:
No
complaints on record.
GROUP STRUCTURE & AFFILIATED COMPANIES
Owners/-s:
Name(s)
of the sharreholder(s) are not available.
FINANCIAL INFORMATION
Financial
information:
There are no accounts available.
The parent company, Presstalis SAS of France
also did not publish any figures over recent years.
Last published figures of Prestalis SAS were
over 2009, when a turnover of
EUR 312.800.000,- was reported, compared to
EUR 346.300.000,- for 2008.
Net result 2009 was EUR (26.400.000,-) compared
to EUR 2.400.000,- for 2008.
Shareholders' equity was EUR (50.800.000,-) as
compared to EUR (24.400.000.-) for 2008.
FOREIGN EXCHANGE RATES
Exchange rate:
US$ 1,00
= XOF 507,885 -
Official rate on 23.05.2013
ADDITIONAL INFORMATION
Main Activities:
Distributor National and International Newspaper / General Library and school library of Cameroon.
Operations &
branches:
At the address, Bd de la République, Entrepôts Saga, BP 759, Douala we find the company's head office.
Staff:
40
NOTES & COMMENTS
We have reached the company by phone, they have given us no information. We were given an email address to which we should send our questions. Unfortunately we have not received any reply yet.
If
we receive a response, we will send you immediately an update of the report.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
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UK Pound |
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.