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Report No. : |
315548 |
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Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SK BISSAU LDA |
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|
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Registered Office : |
Rua Marlam Guaby No. 25, CP 64, Bissau |
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|
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Country : |
Guinea-Bissau |
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Date of Incorporation : |
10.07.2005 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Suppliers of Agricultural
Food Products such as Cashew Nuts. 25 employees. |
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|
|
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No. of Employees : |
25 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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|
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Guinea-Bissau |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
GUINEA-BISSAU - ECONOMIC
OVERVIEW
Guinea-Bissau's legal economy
is based on farming and fishing, but trafficking in narcotics is probably the most
lucrative economic activity. The combination of limited economic prospects, a
weak and faction-ridden government, and favorable geography have made this West
African country a way station for drugs bound for Europe. Cashew nuts are the
main source of income for rural communities and the country's main export crop.
Cashew sector performance helps to determine the overall macroeconomic
situation of the country and food security status of rural areas. In 2013
cashew production and exports were disrupted as a result of the March 2012
coup. Guinea-Bissau is heavily reliant on foreign aid, which has not recovered
to pre-coup levels.
|
Source
: CIA |
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Registered Name: |
SK BISSAU LDA |
|
Requested Name: |
SK BISSAU LDA |
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Other Names: |
None |
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Physical Address: |
Rua
Marlam Guaby No. 25 |
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Postal Address: |
CP
64 |
|
|
Bissau, |
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Country: |
Republica
Da Guinea Bissau |
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Phone: |
245-3202458 |
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Fax: |
245-3202458 |
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Email: |
None |
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Website: |
None |
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Legal Form: |
Limited Corporation |
|
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Date Incorporated: |
10-July-2005 |
|
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Reg. Number: |
Guinea Bissau |
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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. Suresh Shetty Mahabala |
Director |
100% |
|
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
suppliers of agricultural food products such as cashew nuts. |
|
|
Imports: |
Middle East |
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Exports: |
Europe, Middle East |
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Trademarks: |
None |
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Terms of sale: |
Cash (60%) and 25-90 days (40%), invoices. |
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|
|
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Main Customers: |
Local agencies, stores, outlets, distributors |
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Employees: |
25 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Guinea Bissau |
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Location: |
Rented 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 = 601.71 West
African Franc |
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Fiscal Year End: |
December 31, 2014 |
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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 |
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Profit and Loss
(expressed in CFA.) |
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|
|
|
2014 |
|
Sales |
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725,600,000 |
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Bank Name: |
Banco
Da Uniao |
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Branch: |
Guinea Bissau |
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Comments: |
None |
Experiences: Good
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.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
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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 |
|
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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 |
|
|
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 |
|
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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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.