|
Report Date : |
17.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
STE
HARJAAP SARL |
|
|
|
|
Registered Office : |
Zone
Industrielle de Bonaberi, BP 5873, Douala,
Cameroon |
|
|
|
|
Country : |
Cameroon |
|
|
|
|
Date of Incorporation : |
09.03.2009 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacture of basic iron and
steel and of ferro-alloys |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
|
Source
: CIA |
STE HARJAAP SARL
ADDRESSES:
Main Address: Zone
Industrielle de Bonaberi, BP 5873
Zip code/City: Douala, Cameroon
Telephone: +237 94 44
44 47
+237
75 73 12 71
E-mail: ssdod@rediffmail.com
WIN Worldbox
No.: CM0000020132
Profile
Established: 2009
Line of
Business: Metal/steel
Industry
Division: Manufacturing
Industry-code
(NACE): 2410
Manufacture of basic iron and steel and of ferro-alloys
Banks: unknown
Employees: unknown
CNPJ: -
Board of Directors:
General
Director DoadSurjeet
Singh, Origin: India, Residential address: Cameroon
Public information:
-
State Register: 00326/MINIMIDT
Legal form: Limited
Liability Company
Incorporation
date: 09.03.2009
Balance sheet
filing date: -
Tax Contributor
Number (CNPJ): -
Legalstatus: active
ResponsibleRegister: Office
National des Zones Franches Industrielles
Entry Deleted Name
active STE HARJAAP SARL
Import and Export:
-
Payment history:
No complaints on
record.
Owners/-s:
Name(s) of the sharreholder(s) are not available.
Financial information:
There are no accounts
available.
Exchange rate:
US$ 1,00 = XAF
497,668 - Official rate on 10.09.2013
Main Activities:
The business is
engaged in producing mild steel ingots and iron beton.
Operations &
branches:
At the address, , Zone
industrielle de Bonaberi, Douala, we find the companies head office.
The company is not
registered at the chamber of commerce of Cameroon.
We have also tried to search the company via the
Tax-Authority in Douala, unfortunately we haven't receive an answer by them.
Per various sources we have found a telephone number
of the company, unfortunately the mailbox is always active.
As per the website of "B.S Mechanical
Works" from India, is subject matter a Key-Customer.
When dealing with subject matter we suggest seeking
(bank) guarantees.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
|
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.83.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.