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Report Date : |
27.09.2014 |
IDENTIFICATION DETAILS
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Name : |
LES BRASSERIES DU |
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Registered Office : |
7666 Avenue Des Brasseries Quartier kingabwa Limete, Kinshasa BP: 7.600 |
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Country : |
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Date of Incorporation : |
10.01.1961 |
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Com. Reg. No.: |
RCCM/13-B-078 |
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Legal Form : |
Societe Anonyme |
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Line of Business : |
Subject operate
production and supply of alcoholic and non-alcoholic beverages |
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No. of Employees : |
1200 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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B2 |
C1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
The economy is a mixture of
subsistence hunting and agriculture, an industrial sector based largely on oil and
support services, and government spending. Oil has supplanted forestry as the
mainstay of the economy, providing a major share of government revenues and
exports. Natural gas is increasingly being converted to electricity rather than
being flared, greatly improving energy prospects. New mining projects,
particularly iron ore, that entered production in late 2013 may add as much as
$1 billion to annual government revenue. Economic reform efforts have been
undertaken with the support of international organizations, notably the World
Bank and the IMF, including recently concluded Article IV consultations. The
current administration faces difficult economic challenges of stimulating
recovery and reducing poverty. The drop in oil prices during the global crisis
reduced oil revenue by about 30%, but the subsequent recovery of oil prices
boosted the economy's GDP from 2009-13. Officially the country became a net
external creditor as of 2011, with external debt representing only about 16% of
GDP and debt servicing less than 3% of government revenue
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Source
: CIA |
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Registered Name: |
LES BRASSERIES DU |
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Requested Name: |
BRACONGO |
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Trade
Names: |
BRACONGO |
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Former Names: |
UNIBRA |
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Physical Address: |
7666 Avenue Des Brasseries Quartier kingabwa Limete, |
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Postal Address: |
BP: 7.600 |
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Country: |
Democratic |
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Phone: |
243-995902557/997578578/810355534/999955050/ 974294001/998597334/995902564/971003784 |
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Fax: |
243-810355534 |
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Email: |
secdg@bracongo.cd/ events@bracongo.cd/ conso@bracongo.cd/ lacledeschâteaux@bracongo.cd |
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Website: |
www.bracongo.cd |
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Legal Form: |
Societe Anonyme |
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Date Incorporated: |
10-Jan-1961 |
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Reg. Number: |
RCCM/13-B-078 |
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Tax
Number: |
A04797P |
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Nominal Capital |
CDF. 17,312,047 |
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Subscribed Capital |
CDF. 17,312,047 |
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Subscribed Capital is Subscribed in the following form: |
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Position |
Shares |
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Mr. Pierre Castel |
Group
Chairman/ President |
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Mr. Laurent Lescuyer |
Vice
President |
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Mr. Julien Flécheux |
Director |
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Mr. Gilles Vanderweerde |
Director |
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Mr. Justin Malonda |
Director |
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Mr. Gérard Félizas |
Director |
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Mr. José Bukedi |
Director |
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Ms. Lyliane Mokese |
Secretary |
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BGI group |
Holding |
100% |
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BGI group |
Parent company. |
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None |
Subsidiary company. |
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Various in Group |
Affiliated company. |
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None |
Shareholder of subject firm. |
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Bas-Congo, Bandundu, |
Branches of the firm |
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Registered to operate production and supply of alcoholic and non-alcoholic beverages |
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Imports: |
Asia, |
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Exports: |
Neighboring countries |
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Trademarks: |
None |
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Brands: |
Castel, NKOYI, EAU VIVE, SKOL, TEMBO, DOPPEL |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
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Main Customers: |
Distributors,firms and organizations |
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Employees: |
1200 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Democratic |
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Location: |
Owned premises, 7 Ha |
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Auditors: |
Information not available. |
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Insurance Brokers: |
Information not available. |
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Currency Reported: |
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Approx. Ex. Rate: |
1 US
Dollar = 923.86 |
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Fiscal Year End: |
December 31, 2013 |
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Inflation: |
According to information given by independent sources, the inflation at December 31st, 2013 was of 13%. |
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Financial Information not Submitted |
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Profit and Loss (expressed in CDF.) |
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2013 |
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Sales |
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65,000,000,000 |
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Bank Name: |
Banque Commerciale du Congo |
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Branch: |
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Comments: |
None |
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Experiences: |
Good |
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None
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This
information was obtained from outside sources other than the subject company itself
and confirmed the above subject. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.61.57 |
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1 |
Rs.100.42 |
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Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
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RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.