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Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
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Name : |
ZENITH MEGA TRADE SARL |
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|
|
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Registered Office : |
Abobo
Plateau Dokui, Abidjan, 09 BP 476, 09 Abidjan |
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|
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Country : |
Cote D'Ivoire |
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Date of Incorporation : |
25.11.2013 |
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Com. Reg. No.: |
CI-ABJ-2013-B-18645 |
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|
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Legal Form : |
Societe Anonyme
Responsabilitee limitee |
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|
|
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Line of Business : |
Subject operate as
general traders dealing with food products, beverages, computers |
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|
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No. of Employees : |
5 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
|
-- |
NB |
New Business |
-- |
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Status : |
New Business |
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|
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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) |
|
Cote D'Ivoire |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COTE D'IVOIRE - ECONOMIC OVERVIEW
Cote d'Ivoire is heavily
dependent on agriculture and related activities, which engage roughly two-thirds
of the population. Cote d'Ivoire is the world's largest producer and exporter
of cocoa beans and a significant producer and exporter of coffee and palm oil.
Consequently, the economy is highly sensitive to fluctuations in international
prices for these products and in climatic conditions. Cocoa, oil, and coffee
are the country's top export revenue earners, but the country is also producing
gold. The country also produces oil and boasted two offshore oil finds in 2012.
Since the end of the civil war in 2003, political turmoil has continued to
damage the economy, resulting in the loss of foreign investment and slow
economic growth. In June 2012, the IMF and the World Bank announced $4.4
billion in debt relief for Cote d'Ivoire under the Highly Indebted Poor
Countries Initiative. Cote d'Ivoire's long-term challenges include political
instability and degrading infrastructure.
|
Source
: CIA |
|
Registered Name: |
ZENITH MEGA
TRADE SARL |
|
Requested Name: |
ZENITH MEGA TRADE SARL |
|
Other Names: |
None |
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Physical Address: |
Abobo
Plateau Dokui, Abidjan, |
|
Postal Address: |
09
BP 476 |
|
|
09
Abidjan, |
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Country: |
Cote D'Ivoire (Ivory Coast) |
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Phone: |
225-07810674/55660340/20378006 |
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Fax: |
225-55660340 |
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Email: |
None |
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Website: |
None |
|
Legal Form: |
Societe Anonyme
Responsabilitee limitee |
|
|
Date Incorporated: |
25-Nov-2013 |
|
|
Reg. Number: |
CI-ABJ-2013-B-18645 |
|
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Nominal Capital |
CFA.
1,000,000 |
|
|
Subscribed Capital |
CFA.
1,000,000 |
|
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Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Okechukwu J. Ohanaka |
Director |
|
|
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
general traders dealing with food products, beverages, computers |
|
|
Imports: |
Asia, Africa |
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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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Main Customers: |
Local agencies, stores, outlets |
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Employees: |
5 employees. |
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Vehicles: |
2 motor vehicles. |
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Territory of sales: |
Cote D’Ivoire (Ivory Coast) |
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Location: |
Leased premises, 5,000 square feet, |
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Auditors: |
Information not
available. |
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Insurance Brokers: |
Information not
available. |
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Currency Reported: |
West African Franc (CFA.) |
|
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Approx. Ex. Rate: |
1 US Dollar = 511.55 West
African Franc |
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Projected Fiscal Year End: |
December 31, 2014 |
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Projected Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2014 was of 13%. |
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|
|
||
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Financial Information not
Submitted |
|
|
|
Profit and Loss
(expressed in CFA.) |
||
|
|
|
2014 |
|
Projected Sales |
|
20,000,000 |
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Bank Name: |
Bank
of Africa - Côte d'Ivoire |
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Branch: |
Cote
D’Ivoire (Ivory Coast) |
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Comments: |
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.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.