|
Report Date : |
21.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEDIPHARM LIFECARE |
|
|
|
|
Registered Office : |
Secteur 19 ex Secteur
25, Somgandé Zip code/City:Ouagadougou,
13 BP 156 |
|
|
|
|
Country : |
Burkina Faso |
|
|
|
|
Date of Incorporation : |
31.05.2012 |
|
|
|
|
Legal Form : |
Sole proprietorship |
|
|
|
|
Line of Business : |
Wholesaler of implant fixation
and orthopaedic goods, implants for artificial insemination, medical
consumables and equipment for laboratory |
|
|
|
|
No. of Employees : |
10 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Burkina Faso |
B2 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
BURKINA FASO - ECONOMIC OVERVIEW
Burkina Faso is a poor, landlocked
country that depends on adequate rainfall. About 90% of the population is
engaged in subsistence agriculture and cotton is the main cash crop. The
country has few natural resources and a weak industrial base. Cotton and gold
are key exports. Since 1998, Burkina Faso has begun to privatize state-owned
enterprises and in 2004 revised its investment code to attract foreign
investment. As a result, the country has seen an upswing in gold exploration,
production, and export. The Burkinabe economy experienced high levels of growth
over the last few years but growth is highly dependent on swings in gold and
cotton prices. In 2013 Burkina Faso experienced a number of public protests
over the cost of living, corruption, and other socioeconomic issues. To defuse
tensions the government has offered higher housing bonuses, reduced income
taxes, and price controls. Turmoil in neighboring Mali, unreliable energy
supplies, and poor transportation links pose longer-term challenges
|
Source
: CIA |
MEDIPHARM
LIFECARE
ADDRESSES:
Main Address: Secteur 19 ex
Secteur 25, Somgandé
Zip code/City: Ouagadougou,
Burkina Faso
Telephone: +226 78 85 70
69
+226 78 04 96 69
Postal address 13 BP 156
Zip code/City: Ouagadougou,
Burkina Faso
E-mail: medipharmlifecare@yahoo.fr
WIN Worldbox No.: BF0000020041
VAT-No.: 00039806R
Profile
Established: 2012
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4669 Wholesale of other
machinery and equipment
Banks: Banque
Régionale de Solidarité
Employees: 10
CNPJ: -
Official
Administration:
Owner HaiengdaDehainsala,
Residential address: Burkina Faso
Chief Marketing Officer AymarTiendrebeogo
Public
information:
-
State Register: BF/OUA/2012-A-2579
Legal form: Sole
proprietorship/trader
Incorporation date: 31.05.2012
Balance sheet filing date: -
Tax Contributor Number
(CNPJ): -
Legalstatus: active
ResponsibleRegister: Registre du Commerce
d'Ouagadougou
Entry Deleted Name
active MEDIPHARM LIFECARE
Entry Deleted Address
active Secteur 19 ex Secteur
25, Somgandé, Ouagadougou, Burkina Faso/BF
Import
and Export:
Import
Payment
history:
No complaints on record.
Financial
information:
Turnover:
2013 - 50.000.000 (approximately)
2012 - 25.000.000
There are no other financial information available.
Exchange
rate:
US$ 1,00 = XAF
470.863 - Official rate on 19.03.2014
Main
Activities:
The company is a wholesaler of implant fixation and orthopaedic
goods, implants for artificial insemination, medical consumables and equipment
for laboratory.
International Partner:
- JP Selecta, Spain
- CRYOS, Denmark
- RIMOS, Italy
- ASSUT Suture, Switzerland
- TEKNIMED, France
Operations & Branches:
At the address, Secteur 19 ex Secteur 25, Somgandé,
Ouagadougou, we find the company's head office.
Staff:
10
Company's
Background:
The company intends to change the legal form to SARL as per
Juin 2014.
Mr.Tiendrebeogo, Chief Marketing Officer of the company
provided us information about activity, VAT Number, Registry Number, Legal
Form, Foundation date, Number of Employees, Owner, Bankers, Partner and
Turnover.
The company intends to change the legal form to SARL as per
June 2014.
Credit to the recommended limit should be acceptable but
should be monitored on a regular basis. However, it is accepted practice to
seek (bank) guarantees when dealing with Burkina Faso importers.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.13 |
|
|
1 |
Rs.101.17 |
|
Euro |
1 |
Rs.84.59 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.