|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ETABLISSEMENT
DJAMA OMAR |
|
|
|
|
Registered Office : |
42 Av Crearge Chemincau, City Djibouti |
|
|
|
|
Country : |
Djibouti |
|
|
|
|
Year of Establishment : |
1974 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
engaged as wholesale trader and as an agents involved in the sale of a variety of goods (We tried to confirm / obtain the detailed activity but the same is not available from any sources.) |
|
|
|
|
No of Employees : |
01-09 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 : |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Djibouti |
B2 |
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 |
Djibouti ECONOMIC OVERVIEW
Djibouti's economy is based on service activities connected with the
country's strategic location as a deepwater port on the Red Sea. Three-fourths
of Djibouti's inhabitants live in the capital city; the remainder are mostly
nomadic herders. Scant rainfall limits crop production to small quantities of
fruits and vegetables, and most food must be imported. Djibouti provides
services as both a transit port for the region and an international
transshipment and refueling center. Imports, exports, and re-exports -
primarily of coffee from landlocked neighbor Ethiopia - represent 70% of port
activity at Djibouti's container terminal. Djibouti has few natural resources
and little industry. The nation is, therefore, heavily dependent on foreign
assistance to help support its balance of payments and to finance development
projects. An unemployment rate of nearly 60% continues to be a major problem.
While inflation is not a concern, due to the fixed tie of the Djiboutian franc
to the US dollar, the artificially high value of the Djiboutian franc adversely
affects Djibouti's balance of payments. Djibouti holds foreign reserves
amounting to less than six months of import coverage. Djibouti has experienced
relatively minimal impact from the global economic downturn, but its reliance
on diesel-generated electricity and imported food leave average consumers
vulnerable to global price shocks. President GUELLEH in 2013 told international
investors that Djibouti’s development plan is to increase its prominence in
financial and communication sectors.
|
Source
: CIA |
Etablissement Djama Omar
DBA:
Omar International Company (OMINCO)
Concern Addresses:
Main
Address: 42 Av
CreargeChemincau
Zip
code/City: Djibouti,
Djibouti
Telephone: +253 21 35 19
88
Fax: +253
21 35 66 40
Postal
Address: 1277
Zip
code/City: Djibouti
Web
site: http://ominco.com/
E-mail: djibouti@ominco.com
Profile
Established: 1974
Line
of Business: Consumer
goods wholesale, Trade brokers
Industry
Division: Wholesale
trade
Industry-code
(NACE): 4690
Non-specialised wholesale trade
4619
Agents involved in the sale of a variety of goods
Banks: Unknown.
Employees: 1-9
Official
Administration:
Owner FathiaDjama
Omar
Legal
form: Sole
proprietorship/trader
Balance
sheet filing date: -
Tax
Contributor Number (CNPJ): -
Legalstatus: active
ResponsibleRegister: Chambre
de Commerce de Djibouti
Entry Deleted Name
active EtablissementDjama
Omar
Entry Deleted Legal domicile
active Djibouti,
Djibouti
Payment history:
No
payment history is available.
Financial
information:
Private companies in Djibouti are not required to disclose financial statements.
Exchange rate:
US$ 1,00
= DJF 177.720 -
Official rate on 16.06.2014
Main Activities:
The concern is engaged in wholesale trade and are agents involved in the sale of a variety of goods.
The concern is part of the group Ominco. Omninco is one of the largest Trading House in the Horn of Africa. Being active for more than 30 years in the trading of food stuff, Ominco has 14 branches all over the horn of Africa with more than 300 employees.
Operations &
branches:
At
the address, 42 Av CreargeChemincau,
Djibouti, we find the concern's head office.
Other offices:
United Arab Emirates, UAE:
Dubai
Sharjah
United Kingdom:
Bristol
Cardiff
Somaliland:
Berbera
Burao
Gabiley
Hargeisa
Wajale
Representative Offices in:
Ethiopia
Kenya
Somalia
Staff:
1-9
We were not able to reach the person in charge that can provide us information. We sent a questionnaire to the email available requesting more information from the concern.
We will send an update if we are able to contact them.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.37 |
|
UK Pound |
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.