MIRA INFORM REPORT

 

 

 

 

Report Date :            

30.10.2014

 

IDENTIFICATION DETAILS

 

Name :

COMA IMPORT AND EXPORT PLC CO

 

 

Registered Office :

House 427 Nifas silk Lafto Kebele 09, Addis Ababa

 

 

Country :

Ethiopia

 

 

Date of Incorporation :

02.07.2005

 

 

Com. Reg. No.:

436295 Ethiopia

 

 

Legal Form :

Limited Corporation 

 

 

Line of Business :

import and distribution of general merchandise such as hardware and export of grains, seeds and related agricultural products

 

 

No. of Employees :

40

 

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 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Ethiopia

c1

c1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

SUBJECT'S NAME   

 

Registered Name:                                   COMA IMPORT AND EXPORT PLC CO

Requested Name:                                   COMA IMPORT AND EXPORT PLC CO

Other Names:                                          None

 

 

ADDRESS AND TELECOMMUNICATION

 

Physical Address:                                   House 427 Nifas silk Lafto Kebele 09, Addis Ababa,

Postal Address:                                      P. o. Box No. 493

                                                              Addis Ababa

Country:                                                 Ethiopia

Phone:                                                   251-11-2134541/8602509

Fax:                                                       251-11-3481912

Email:                                                     Hajuta@ethionet.et

Website:                                                 www.hajuta.com

 

 

CREDIT OPINION

 

Financial Index as of December 2011 shows subject firm with a medium risk of credit. However, bank and credit information obtained reveal a history of prompt payments. We recommend Credit of USD 80,000 on 90 days.

 

 

LEGAL

 

Legal Form:                                                     Limited Corporation 

Date Incorporated:                                           02-July-2005

Reg. Number:                                                  436295 Ethiopia

Nominal Capital                                                ETB. 100,000

Subscribed Capital                                           ETB. 100,000

 

Subscribed Capital is Subscribed in the following form:

                                                                       Position                          Shares

Mr. Muluken Jufar                                            Director                          

Mr. Benjam Hailemariam                                   Director                          

 

 

RELATED COMPANIES  

 

None                                                               Parent company.

None                                                               Subsidiary company.

HAJUTA TRADING PLC,

HAJUTA ENGINEERING PLC,

ESTIFANOS MEKASHA IMPORT & EXPORT.    Affiliated company.

None                                                               Shareholder of subject firm.

None                                                               Branches of the firm

 

 

OPERATIONS

 

Registered to operate as import and distribution of general merchandise such as hardware and export of grains, seeds and related agricultural products

 

Imports:                                                           Asia, Europe, Middle East

Exports:                                                          UK, Europe, Africa

Trademarks:                                                     None

Terms of sale:                                                  Cash (40%) and 25-90 days (60%), invoices.

                                                                      

Main Customers:                                              firms and organizations  

Employees:                                                     40 employees.

Vehicles:                                                         Several motor vehicles.

Territory of sales:                                             Ethiopia

Location:                                                         Leased premises, 5,000 square feet,

 

 

AUDITORS AND INSURANCE   

 

Auditors:                                                         Information not available.

Insurance Brokers:                                           Information not available.

                                                                      

 

FINANCE 

 

Currency Reported:                                          Ethiopian Birr (ETB.)

Approx. Ex. Rate:                                            1 US Dollar = 17.72 Ethiopian Birr

Fiscal Year End:                                              December 31, 2011

Inflation:                                                          According to information given by independent sources, the

                                                                       inflation at December 31st, 2011 was of 13%.

 

Financial Information not Submitted              

                                                                      

Profit and Loss (expressed in ETB.)

                                                                       2010                        2011

Sales                                                               57,000,000               63,000,000

 

BANK 

 

Bank Name:                                                     Commercial Bank of Ethiopia

Branch:                                                            Ethiopia

Comments:                                                      None

                                                                      

 

TRADE REFERENCES    

 

Experiences:                                                    Good

                                                                      

 

NOTARIAL BONDS   

 

None

 

 

COMMENTS / ADDITIONAL INFORMATION    

 

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.61.32

UK Pound

1

Rs.99.00

Euro

1

Rs.78.14

 

 

INFORMATION DETAILS

 

Report Prepared by :

TPT

 

 

 

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.