|
Report No. : |
338283 |
|
Report Date : |
28.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
DOUCOURE COUNDA IMPORT EXPORT |
|
|
|
|
Registered Office : |
Face
Centre Mabile, Sogoniko Zone Commercial, Bamako |
|
|
|
|
Country : |
Mali |
|
|
|
|
Date of Incorporation : |
10.02.1995 |
|
|
|
|
Legal Form : |
Private Company |
|
|
|
|
Line of Business : |
Importers and Exporters
of Hardware and Related Products. |
|
|
|
|
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Mali |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
MALI - ECONOMIC OVERVIEW
Among the 25 poorest countries in the world, Mali is a
landlocked country that depends on gold mining and agricultural exports for revenue.
The country's fiscal status fluctuates with gold and agricultural commodity
prices and the harvest; cotton and gold exports make up around 80% of export
earnings. Economic activity is largely confined to the riverine area irrigated
by the Niger River and about 65% of its land area is desert or semidesert.
About 10% of the population is nomadic and about 80% of the labor force is
engaged in farming and fishing. Mali remains dependent on foreign aid.
Industrial activity is concentrated on processing farm commodities. Mali is
developing its iron ore extraction industry to diversify foreign exchange
earnings away from gold, but the pace will largely depend on global price
trends. The government is subsidizing the production of cereals to decrease the
country’s dependence on imported foodstuffs and to reduce its vulnerability to
food price shocks. The main threat to Mali’s economy is a return to physical
insecurity. Other long term threats to the economy include high population
growth, corruption, a weak infrastructure, and low levels of human capital. The
administration’s purchase of a presidential jet for $40 million and inflated
defense contracts damaged it’s credibility and led the IMF to temporarily
suspend aid in 2014.
|
Source
: CIA |
|
Registered Name: |
DOUCOURE COUNDA
IMPORT EXPORT |
|
Requested Name: |
DOUCOURE COUNDA IMPORT EXPORT |
|
Other Names: |
None |
|
Physical Address: |
Face
Centre Mabile, Sogoniko Zone Commercial |
|
|
Bamako, |
|
Country: |
Mali |
|
Phone: |
223-20200270 |
|
Fax: |
223-20200268 |
|
Email: |
|
|
Website: |
|
Legal Form: |
Private Company |
|
|
Date Incorporated: |
10-Feb-1995 |
|
|
Reg. Number: |
Mali |
|
|
Nominal Capital |
CFA.
1,000,000 |
|
|
Subscribed Capital |
CFA.
1,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Kissima Doucouré |
MD |
|
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
Kayes à côté de la Station Shell |
Branches of the firm |
|
Registered to operate as
importers and exporters of hardware and related products |
|
|
Imports: |
Middle East, Asia |
|
Exports: |
Neighbouring countries |
|
Trademarks: |
None |
|
Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
|
|
|
|
Main Customers: |
Distributors,firms and organizations |
|
Employees: |
25 employees. |
|
Vehicles: |
Several motor vehicles. |
|
Territory of sales: |
Mali |
|
Location: |
Leased premises, 20,000 square feet, |
|
Auditors: |
Information not
available. |
|
Insurance Brokers: |
Information not
available. |
|
Currency Reported: |
West African Franc (CFA.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 575.30 West
African Franc |
|
|
Fiscal Year End: |
December 31, 2014 |
|
|
Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2014 was of 13%. |
|
|
|
||
|
Financial Information not
Submitted |
|
|
|
|
|
|
|
Profit and Loss
(expressed in CFA.) |
||
|
|
|
2014 |
|
Sales |
|
2,520,000,000 |
|
Bank Name: |
Banque
Internationale pour le Mali |
|
Branch: |
Mali |
|
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.66.06 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.74.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.