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Report Date : |
02.05.2014 |
IDENTIFICATION DETAILS
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Name : |
DIS-PRO SARL |
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Registered Office : |
1 Rue Clochette Djibouti, BP 2033 |
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Country : |
Djibouti |
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Date of Incorporation : |
12.06.2002 |
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Com. Reg. No.: |
7041/B |
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|
|
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Legal Form : |
Societe Anonyme
Responsibilitee Limitee |
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Line of Business : |
Subject operate as
information communication technology consultants |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 – 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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
|
Registered Name: |
DIS-PRO SARL |
|
Requested Name: |
DIS PRO SARL |
|
Other Names: |
None |
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Physical Address: |
1
Rue Clochette Djibouti |
|
Postal Address: |
BP
2033 |
|
Country: |
Djibouti |
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Phone: |
253-21358822 |
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Fax: |
253-21358835 |
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Email: |
None |
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Website: |
None |
|
Legal Form: |
Societe Anonyme
Responsibilitee Limitee |
|
|
Date Incorporated: |
12-June-2002 |
|
|
Reg. Number: |
7041/B |
|
|
Nominal Capital |
DJF.
1,000,000 |
|
|
Subscribed Capital |
DJF.
1,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
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Position |
Shares |
|
Phillippe Perles |
MD |
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|
|
|
|
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
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Registered to operate as
information communication technology consultants |
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Imports: |
Asia, US |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (30%) and 25-90 days (70%), invoices. |
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|
|
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Main Customers: |
firms and organizations |
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Employees: |
20 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Djibouti |
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Location: |
Rented premises, 1,500 square feet, |
|
Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
|
Currency Reported: |
Djiboutian Franc (DJF.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 182
Djiboutian 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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||
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Financial Information not
Submitted |
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Profit and Loss (expressed
in DJF.) |
||
|
|
|
2013 |
|
Sales |
|
150,000,000 |
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Bank Name: |
Salam
African Bank |
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Branch: |
Djibouti |
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Comments: |
None |
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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.60.34 |
|
|
1 |
Rs.101.45 |
|
Euro |
1 |
Rs.83.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.