MIRA INFORM REPORT

 

 

Report Date :

15.05.2014

 

 

 

 

Tel. No.:

00226-50 307360

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Trace

 

 

Payment Behaviour :

---

 

 

Litigation :

---

 

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)

Burkina Faso

B1

B1

 

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

 

 

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

 

 

COMPANY NAME & ADDRESS

 

Original Investigation Details:

 

Company Name:           OUEDRAGO SOULEYMANE

Country:                        Burkina Faso

Street Name:                 N/a

City Code:                    N/a

 

Based on the investigation details you have provided we have been unable to provide you with a full report on the company you are investigating due to the following reasons:

 

Database:

We do not hold any information on the company you are investigating in our database

 

Address:

·         The address you have provided in your investigation is not a complete / accurate one

·         Local reporters have been unable to locate an alternative address

 

We have attempted unsuccessfully to locate the subject company using the following methods:

·         Post

·         Internet

·         Printed Reference Books/Directories

·         International Directory Enquiries

·         Local Telephone/Telecommunications Directory

·         Local Authorities

 

Please provide us with any additional information you may have so that we can resume an investigation on your behalf and provide you with a full report free of charge.

 

NOTES & COMMENTS

In spite of many efforts, it proved not possible to trace the company in the local trade register or with various other official entities we could consult.

 

We also could not find a website for the company. Searches based in the stated address did not yield any results.

 

We have called the phone number provided by you and we have spoken to a person who did not wish to disclose the name. He provide us the name of the company “SONIFI SARL”. He gave us the mobile number of Mr. Ouedrago Souleymane “+226 70 25 94 73”. Unfortunately when we tried to contact him through his mobile phone it rang and went to the answering machine.

 

We have also searched by the name provided by the spokeperson of the company “SONIFI SARL”, but we could not find any information and registration through our sources.

 

In case you have additional information, such as street address, company name, vat number or registration number, please advise so that we can continue our searches

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

MNL

 

 

Important Note:

Kindly provide us with additional information such as Correct Name, Address, Contact Details, Name of Contact Person or a copy of the Upper Part of Letterhead within 15 days of receiving this report, a would be sent without any additional cost.

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.