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Report Date : |
29.07.2014 |
IDENTIFICATION DETAILS
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Name : |
TAMAGOT BUMI S.A.
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Registered Office : |
ZRA Lot 545 |
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Country : |
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Year of Establishments : |
2012 |
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Legal Form : |
Societe Anonyme |
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Line of Business : |
Subject operate as mining and exploration services |
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No of Employees : |
500 |
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 : |
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) |
|
Mauritania |
C1 |
B2 |
|
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 |
Mauritania ECONOMIC OVERVIEW
Mauritania's
economy is dominated by natural resources and agriculture. Half the population
still depends on agriculture and livestock for a livelihood, even though many of
the nomads and subsistence farmers were forced into the cities by recurrent
droughts in the 1970s and 1980s. Mauritania's extensive mineral resources
include iron ore, gold, copper, gypsum, and phosphate rock and exploration is
ongoing for uranium, crude oil, and natural gas. Extractive commodities make up
75% of Mauritania's total exports. The nation's coastal waters are among the
richest fishing areas in the world, and fishing accounts for 20% of budget
revenues, but overexploitation by foreigners threatens this key source of
revenue. Risks to Mauritania's economy include its recurring exposure to
droughts, dependence on foreign aid and investment, and insecurity in
neighboring Mali, as well as significant shortages of infrastructure,
institutional capacity, and human capital.
|
Source
: CIA |
Registered Name: TAMAGOT BUMI S.A.
Requested Name: TAMAGOT
BUMI
Other Names: None
Physical Address: ZRA Lot 545 Nouakchott
Country: Mauritania
Phone: 222-22632307
Fax: 222-22632308
Email: corporate.secretary@brm.co.id
Website: www.bumiresourcesminerals.com
Financial Index as of December 2013 shows subject firm with a medium
risk of credit.
Legal Form: Societe Anonyme
Date Incorporated: 2012
Reg. Number: Mauritania
Nominal Capital MRO. 1,000,000
Subscribed Capital MRO. 1,000,000
Subscribed Capital is Subscribed in the following form:
Position Shares
Suseno
Kramadibrata President
Fuad Helmy Director
Febriansyah
Marzuki Director
Kenneth P. Farrell Director
R.A. Sri
Dharmayanti Director
Dileep Srivastava Director
Government of
Mauritania Shareholder 20%
Bumi Resources
Minerals Holding Co. 80%
Bumi Resources
Minerals Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as mining and exploration services
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: firms
and organizations
Employees: 500
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Mauritania
Location: Leased
premises, 100,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: Mauritanian Ouguiya (MRO.)
Approx. Ex. Rate: 1 US Dollar = 290.89 Mauritanian Ouguiya
Fiscal Year End: December
31, 2013
Inflation: According to
information given by independent sources, the
inflation
at December 31st, 2013 was of 13%.
Financial
Information not Submitted
Profit and Loss (expressed in USD.)
2013
Sales 10,000,000
Bank Name: Banque Nationale de Mauritanie
(BNM)
Branch: Mauritania
Comments: None
Experiences: Good
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.60.10 |
|
UK Pound |
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
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.