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Report No. : |
306070 |
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Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
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Name : |
CONFISEN SARL |
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Registered Office : |
Zone Industroelle De
Diamniadia Sodida II , Dakar |
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Country : |
Senegal |
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Date of Incorporation : |
06.12.2010 |
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Com. Reg. No.: |
SNDKR2010B16814 |
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Legal Form : |
Societe Anonyme Responsabilitee Limitee |
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Line of Business : |
Engaged in manufacturing
and Supplying Confectionary [We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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No of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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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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) |
|
Senegal |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Senegal ECONOMIC OVERVIEW
Senegal’s economy is driven by agriculture and that sector is the
primary source of employment for the rural areas. The country's key export
industries are phosphate mining, fertilizer production, and commercial fishing.
The country is also working on iron ore and oil exploration projects. senegal
relies heavily on donor assistance and foreign direct investment. President
Macky SALL, who was elected in March 2012 under a reformist policy agenda,
inherited an economy with a weak infrastructure, challenging business
environment, and a culture of overspending that still plagued the country in
2013. The IMF completed a non-dispersing, Policy Support Initiative program in
December 2010 and approved a new three-year policy support instrument to assist
with economic reforms. The economy continues to suffer from unreliable power
supplies and rising costs of living, which has led to public protests and high
unemployment and has prompted migrants to flee Senegal in search of better job
opportunities in Europe.
|
Source
: CIA |
Registered Name: CONFISEN SARL
Requested Name: CONFISEN
SARL
Other Names: CONFISERIE
SENEGALAISE
Physical Address: Zone Industroelle De Diamniadia
Sodida II
Dakar
Country: Senegal
Phone: 221-33-8324224
Fax: 221-33-8324224
Email: None
Website: None
Financial Index as of December 2014 shows subject firm with a medium
risk of credit.
Legal Form: Societe Anonyme Responsabilitee Limitee
Date Incorporated: 06-Dec-2010
Reg. Number: SNDKR2010B16814
Nominal Capital CFA. 1,000,000
Subscribed Capital CFA. 1,000,000
Subscribed Capital is Subscribed in the following form:
Position
Mr. Mor Mbodji Director
None Parent company.
None Subsidiary company.
None Affiliated company.
None Shareholder of subject firm.
None Branches of the firm
Registered to operate manufacture and supply of confectionary
Imports: Asia,
Africa
Exports: None
Trademarks: None
Terms of sale: Cash
(40%) and 25-90 days (60%), invoices.
Main Customers: Local
agencies, stores, outlets etc
Employees: 15
employees.
Vehicles: Several
motor vehicles.
Territory of
sales: Senegal
Location: Rented
premises, 5,000 square feet,
Auditors: Information not available.
Insurance
Brokers: Information not available.
Currency Reported: West African Franc (CFA.)
Approx. Ex. Rate: 1 US Dollar = 655.96 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 225,000,000
Bank Name: ECOBANK
Branch: Senegal
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.61.68 |
|
UK Pound |
1 |
Rs.93.53 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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.