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Report Date : |
27.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
FOUNDATION OF TRADE
UNION |
|
|
|
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Registered Office : |
225, BVD 13, Janvier
BE-Kpehenou |
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|
|
Country : |
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Year of Establishments : |
2005 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Subject operate as general traders dealing with building and construction materials such as ceramic wall and floor tile as well as furniture products |
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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 |
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Payment Behaviour : |
Unknown |
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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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
C2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
This small, sub-Saharan economy depends heavily on both commercial and
subsistence agriculture, which provides employment for a significant share of
the labor force. Some basic foodstuffs must still be imported. Cocoa, coffee,
and cotton generate about 40% of export earnings with cotton being the most
important cash crop.
|
Source
: CIA |
Registered Name: FOUNDATION OF TRADE UNION
Requested Name: FOUNDATION
OF TRADE UNION
Other Names: FOUNDATION
OF TRADE UNION ASSOCIATION (F T U A)
Physical Address: 225, BVD 13, Janvier BE-Kpehenou
Postal Address: BP 13870
Lome Centrale Ville,
Country: Togo
Phone: 228-22072699
Cell: 228-90152872/9733880
Fax: 228-22072699
Email: ftutg1980@mail2togo.com / ftutg1980@gmail.com
Website: None
Financial Index as of December 2013 shows subject firm with a high risk
of credit.
Legal Form: Limited Corporation
Date Incorporated: 2005
Reg. Number:
Nominal Capital CFA. 1,000,000
Subscribed Capital CFA. 1,000,000
Subscribed Capital
is Subscribed in the following form:
Position Shares
Mr. Jesse Ojii Director
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate as general traders dealing with building and
construction materials such as ceramic wall and floor tile as well as furniture
products
Imports: Asia
Exports: None
Trademarks: None
Terms of sale: Cash
(80%) and 25-90 days (20%), invoices.
Main Customers: Local
agencies, stores etc
Employees: 10
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Togo
Location: Rented
premises, 1,500 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: West African Franc (CFA.)
Approx. Ex. Rate: 1 US Dollar = 527.47 West African Franc
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
Bank Name: Union Togolaise De Banque
Branch: UTB Centrale BP, 359, Lome, Togo
Telephone: 228-2234300
SWIFT: UNTBTGTG
Comments: None
This information was
obtained from outside sources other than the subject company itself.
We are having difficulty in getting factual information
on subject company. Subject has refused
to provide information and we are having difficulty in getting subject’s file
at the Registrar of companies office. It
should however be noted that at the moment the office of the Registrar of
companies is not very efficient and hence are not properly maintained and files
are missing. The Index at the Registrar
of Companies is not upto date.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.97.23 |
|
Euro |
1 |
Rs.77.21 |
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.