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Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
LES CLASSIQUESIVOIRIENS |
|
|
|
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Registered Office : |
Koumassi, Bvd du 07 décembre, près de la
BICICI, Bp 1034 Abidjan |
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Country : |
Cote D’Ivoire (Ivory Coast) |
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Date of Incorporation : |
2004 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Wholesale and retail trade in books |
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No. of Employees : |
5 |
RATING & COMMENTS
|
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) |
|
Cote D’Ivoire (Ivory Coast) |
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 (IVORY COAST) - 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 $4.4
billion in debt relief for Cote d'Ivoire under the Highly Indebted Poor
Countries Initiative. Cote d'Ivoire's long term challenges include political
instability and degrading infrastructure.
|
Source
: CIA |
LES CLASSIQUESIVOIRIENS
ADDRESSES:
Main Address: Koumassi,
Bvd du 07 décembre, près de la BICICI, Bp 1034
Zip code/City: Abidjan,
Ivory Coast
Telephone: +225
21 56 50 63
Fax: +225
21 36 56 57
Web site: http://www.classiquesivoiriens.com/
E-mail: info@classiquesivoiriens.com
Established: 2004
Line of Business: Entertainment/Wellness, Media
Industry Division: Services
Industry-code (NACE): 9101 Library and archives activities
5811
Book publishing
Banks: Bridge
Bank, account no. A0131 01001 011002110004 10
BanqueAtlantique
Cote d'Ivoire, account no. A0034 01031 022085 660007 42
Employees: 5
CNPJ: -
Board of Directors:
General Director DramaneBoaré
No negative information found
State Register: CI-ABJ-2004-B-6670
Legal form: Limited
Liability Company
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: Chambre
de commerce Côte d'Ivoire
Entry Deleted Name
active Les
ClassiquesIvoiriens
Entry Deleted Capital
active Share
Capital XOF 5'000'000, paidup XOF 5'000'000
Import and Export:
Export
Payment history:
No complaints on record.
Owners/-s:
As per various publications, the company was
established in 2005 by DramaneBoaré with the help of some local and French
investors. The French investors were rpeortedly bought tout.
FINANCIAL INFORMATION
Financial information:
There are no accounts available.
Exchange rate:
US$ 1,00
= XOF 507,885 -
Official rate on 23.05.2013
Main Activities:
Wholesale and retail trade in books; the
company has a catalogue of over seventy titles. The house publishes academic
and extracurricular facilities (primary and secondary), general literature,
children's literature and books for kindergarten.
Subject matter exports to Mali, Senegal, Togo,
Benin, Cameroon and Congo as well as to France.
Operations & branches:
at the Koumassi, Bvd du 07 décembre, près de
la BICICI
10 bp 1034 Abibjan we find the company's
registered address and seat of operations.
Staff:
5
When contacting the company, they declined to provide any information by
phone. As per their request we have sent an email requesting further details.
So far we did not receive a response. Should we receive more information in the
coming few days, then we will send you an update.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.61 |
|
|
1 |
Rs.83.98 |
|
Euro |
1 |
Rs.71.94 |
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.