MIRA INFORM REPORT

 

 

Report Date :

01.09.2014

 

IDENTIFICATION DETAILS

 

Name :

SOCIETE SUPERETTE

 

 

Registered Office :

Bikuy, BP 1025 Bata

 

 

Country :

Equatorial Guinea

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Sole proprietorship

 

 

Line of Business :

Not Available

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employees

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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)

Equatorial Guinea

B2

B2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EQUATORIAL GUINEA ECONOMIC OVERVIEW

 

The discovery and exploitation of large oil and gas reserves have contributed to dramatic economic growth, but fluctuating oil prices along with slowing or declining oil production have resulted in much lower GDP growth in recent years. The economy is still dominated by hydrocarbon production. The government has solicited foreign investment, particularly from the United States, to diversify the economy and in February 2014 the government hosted an economic diversification symposium focused on attracting investment in five sectors: agriculture and animal ranching, fishing, mining and petrochemicals, tourism, and financial services. Undeveloped mineral resources include gold, zinc, diamonds, columbite-tantalite, and other base metals. Forestry and farming are also minor components of GDP. Subsistence farming is the dominant form of livelihood. Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy under successive regimes has diminished potential for agriculture-led growth. The government has stated its intention to reinvest some oil revenue into agriculture. A number of aid programs sponsored by the World Bank and the IMF have been cut off since 1993 because of corruption and mismanagement. The government has been widely criticized for its lack of transparency and misuse of oil revenues and has attempted to address this issue by working towards compliance with the Extractive Industries Transparency Initiative

 

Source : CIA

 


Company name

 

SOCIETE SUPERETTE

 

 

ADDRESSES

 

Main Address:                             Bikuy, BP 1025

Zip code/City:                              Bata, Equatorial Guinea

Telephone:                                  +240 222 78 73 55

 

E-mail:                                        societesuperette_boulal@yahoo.fr

WIN Worldbox No.:                      GQ0000019836

 

 

Profile

 

Banks:                                        Unknown.

Employees:                                 unknown

 

CNPJ:                                         -

 

 

DIRECTORS/MANAGEMENT

 

Official Administration:

Owner                                         Mahamadou Diawara, Residential address: Equatorial Guinea

 

NEGATIVE INFORMATION

 

Public information:

-

 

SHARE & SHARE CAPITAL INFORMATION

 

Legal form:                                  Sole proprietorship/trader

Balance sheet filing date:             -

Tax Contributor Number (CNPJ):   -

Legal status:                               active

 

Entry          Deleted       Name

active                           Societe Superette

 

Entry          Deleted       Address

active                           BP 1025, Bikuy, Bata, Equatorial Guinea/GQ

 

 

Sanctions List

The company is not listed on the World Compliance Database.

 

 

PAYMENT INFORMATION

 

Import and Export:

-

 

Payment history:

No complaints on record.

 

 

FINANCIAL INFORMATION

 

Financial information:

There are no financials available. Private companies in Equatorial Guinea are not required to disclose financial statements.

 

 

FOREIGN EXCHANGE RATES

 

Exchange rate:

US$ 1,00  =  XAF 497.3              

 

 

ADDITIONAL INFORMATION

 

Main Activities:

The nature of the operations could not be traced.

 


 

NOTES & COMMENTS

 

We could not find a registration for this company with the local trade register, or with various other registers we could consult.

 

We have spoken to Mr. Diawara, he told us, that he is the owner of the company and the name of the company "Societe Superette". He did not wish to divulge any other information by phone. As per his request a questionnaire has been sent by email. Should we receive an answer, then we will send you an update.

 

Due to insufficient payment history & financial information being available we suggest any credit extended to the company be on secured terms with necessary guarantees.

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.60.48

UK Pound

1

Rs.100.35

Euro

1

Rs.79.86

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

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%)

 

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.