|
Report Date : |
13.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
APDIM SARL |
|
|
|
|
Registered Office : |
St.
Route Le Prince Bambèto, Conakry BP 4960 Conakry |
|
|
|
|
Country : |
Guinea |
|
|
|
|
Date of Incorporation : |
11.06.2010 |
|
|
|
|
Com. Reg. No.: |
002027 Guinea |
|
|
|
|
Legal Form : |
Societe Anonyme
Responsibilitee Limitee |
|
|
|
|
Line of Business : |
Subject operate as
dealers in pharmaceutical products and related facilities |
|
|
|
|
No. of Employees : |
30 employees. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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) |
|
Guinea |
C2 |
C2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GUINEA - ECONOMIC
OVERVIEW
Guinea is a poor country that possesses major mineral,
hydropower, and agricultural resources. The country has almost half of the
world's bauxite reserves and significant iron ore, gold, and diamond reserves.
However, Guinea has been unable to profit from this potential, as rampant
corruption, dilapidated infrastructure, and political uncertainty have drained
investor confidence. In the time since a 2008 coup following the death of
long-term President Lansana CONTE, international donors, including the G-8, the
IMF, and the World Bank, have significantly curtailed their development
programs. Throughout 2009, policies of the ruling military junta severely
weakened the economy. The junta leaders spent and printed money at an
accelerating rate, driving inflation and debt to perilously high levels. In
early 2010, the junta collapsed and was replaced by a transition government,
which ceded power in December 2010 to the country's first-ever democratically
elected president, Alpha CONDE. International assistance and investment are
expected to return to Guinea, but the levels will depend upon the ability of
the new government to combat corruption, reform its banking system, improve its
business environment, and build infrastructure. IMF and World Bank programs
will be especially critical as Guinea attempts to gain debt relief.
International investors have expressed keen interest in Guinea''s vast iron ore
reserves, which could further propel the country''s growth. The government put
forward a new mining code in September 2011 that includes provisions to combat
corruption, protect the environment, and review all existing mining contracts.
Longer range plans to deploy broadband Internet throughout the country could
spur economic growth as well.
|
Source
: CIA |
|
Registered Name: |
APDIM SARL |
|
Requested Name: |
APDIM |
|
Other Names: |
L’AFRICAINE ET DE PROMOTION MEDICAL SARL |
|
Physical Address: |
St.
Route Le Prince Bambèto, Conakry |
|
Postal Address: |
BP
4960 |
|
|
Conakry, |
|
Country: |
Guinea |
|
Phone: |
224-65262990/62605478/64457148 |
|
Fax: |
224-64236896 |
|
Email: |
apdimedi@yahoo.fr |
|
Website: |
None |
|
Legal Form: |
Societe Anonyme
Responsibilitee Limitee |
|
|
Date Incorporated: |
11-June-2010 |
|
|
Reg. Number: |
002027 Guinea |
|
|
Nominal Capital |
GNF.
10,000,000 |
|
|
Subscribed Capital |
GNF.
10,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Dr. Hawa Sow |
MD |
|
|
Mr. Jean Sakande |
Director |
|
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
|
Registered to operate as
dealers in pharmaceutical products and related facilities |
|
|
Imports: |
Asia |
|
Exports: |
Neighboring countries |
|
Trademarks: |
None |
|
Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
|
|
|
|
Main Customers: |
Stores, outlets,firms and organizations |
|
Employees: |
30 employees. |
|
Vehicles: |
Several motor vehicles. |
|
Territory of sales: |
Guinea |
|
Location: |
Owned premises, 5,500 square feet, |
|
Auditors: |
Information not
available. |
|
Insurance Brokers: |
Information not
available. |
|
Currency Reported: |
Guinea Franc (GNF.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 6834.97
Guinea Franc |
|
|
Fiscal Year End: |
December 31, 2012 |
|
|
Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2012 was of 13%. |
|
|
|
||
|
Financial Information not
Submitted |
|
|
|
|
|
|
|
|
|
|
|
Profit and Loss
(expressed in GNF.) |
||
|
|
|
2012 |
|
Sales |
|
3,000,000,000 |
|
Bank Name: |
Banque
Internationale pour le Commerce et l'Industrie de Guinée (BICIGUI) |
|
Branch: |
Guinea |
|
Comments: |
None |
|
Experiences: |
Good |
|
|
|
|
NOTARIAL BONDS |
None |
|
This information was
obtained from outside sources other than the subject company itself and
confirmed the above subject. |
|
|
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.45 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.85.55 |
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.