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Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE SADI |
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Registered Office : |
Rue Sikou Doume, Pointe-Noire |
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Country : |
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Date of Incorporation : |
2001 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Registered to operate as
wholesalers and distributors of food products and beverages and also
providers of transport services |
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No. of Employees : |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
Unlimited |
|
|||
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
B2 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
The economy is a mixture of
subsistence hunting and agriculture, an industrial sector based largely on oil
and support services, and government spending. Oil has supplanted forestry as the
mainstay of the economy, providing a major share of government revenues and
exports. Natural gas is increasingly being converted to electricity rather than
being flared, greatly improving energy prospects. New mining projects,
particularly iron ore, that entered production in late 2013 may add as much as
$1 billion to annual government revenue. Economic reform efforts have been
undertaken with the support of international organizations, notably the World
Bank and the IMF, including recently concluded Article IV consultations. The
current administration faces difficult economic challenges of stimulating
recovery and reducing poverty. The drop in oil prices during the global crisis
reduced oil revenue by about 30%, but the subsequent recovery of oil prices
boosted the economy's GDP from 2009-13. Officially the country became a net
external creditor as of 2011, with external debt representing only about 16% of
GDP and debt servicing less than 3% of government revenue
|
Source
: CIA |
|
Registered Name: |
SOCIETE SADI |
|
Requested Name: |
SOCIETE SADI |
|
Other Names: |
None |
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Physical Address: |
Rue
Sikou Doume, Pointe-Noire |
|
Postal Address: |
BP
4293 |
|
|
Pointe-Noire |
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Country: |
|
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Phone: |
242-055304949/2948855/5594949 |
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Fax: |
242-055304949 |
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Email: |
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Website: |
None |
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
2001 |
|
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Reg. Number: |
|
|
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Nominal Capital |
CFA.
1,000,000 |
|
|
Subscribed Capital |
CFA.
1,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Trade Khaled |
MD |
|
|
Mr. Idriss Nkounga |
Manager |
|
|
Mr. Juste-Destin Ouadiabantou |
Manager |
|
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
|
Registered to operate as
wholesalers and distributors of food products and beverages and also
providers of transport services |
|
|
Imports: |
Asia, |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (60%) and 25-90 days (40%), invoices. |
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|
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Main Customers: |
Local agencies, stores, outlets |
|
Employees: |
50 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
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Location: |
Rented premises, 2,500 square feet, |
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
West African Franc (CFA.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 489.96 West
African Franc |
|
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Fiscal Year End: |
December 31, 2013 |
|
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Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2013 was of 13%. |
|
|
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||
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Financial Information not
Submitted |
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|
|
|
|
|
|
|
|
|
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Profit and Loss
(expressed in CFA.) |
||
|
|
|
2013 |
|
Sales |
|
1,285,000,000 |
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Bank Name: |
ECOBANK |
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Branch: |
|
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Comments: |
None |
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Experiences: |
Good |
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|
|
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NOTARIAL BONDS |
None |
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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.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB DIV RAS SUM KAR |
|
|
|
|
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.