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Report No. : |
328758 |
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Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
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Name : |
ND JAMENA TOURS |
|
|
|
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Registered Office : |
Avenue Charles De Gaule, BP 1647, Ndjamena |
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|
|
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Country : |
Chad |
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|
|
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Date of Incorporation : |
12.04.2010 |
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|
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Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
Subject operate as
providers of tours and travelling services |
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|
|
|
No. of Employees : |
10 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Chad |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
CHAD - ECONOMIC OVERVIEW
Chad’s landlocked location results in high transportation
costs for imported goods and dependence on neighboring countries. Oil and
agriculture are mainstays of Chad’s economy. Oil provides about 60% of export
revenues, while cotton, cattle, livestock, and gum arabic provide the bulk of
Chad's non-oil export earnings. Chad relies on foreign assistance and foreign
capital for much public and private sector investment. The services sector
contributes about one-third of GDP and has attracted foreign investment mostly
through telecommunications and banking. Chad’s fiscal position is encumbered by
declining oil prices, though high oil prices and strong local harvests
supported the economy in recent years. Nearly all of Chad’s fuel is provided by
one domestic refinery, and unanticipated shut-downs occasionally result in
shortages. The country regulates the price of domestic fuel, providing an
incentive for black market sales. Chad's investment climate remains challenging
due to limited infrastructure, a lack of trained workers, extensive government
bureaucracy, and corruption. Chad obtained a three-year extended credit
facility from the IMF in 2014 and was granted debt relief under the Heavily
Indebted Poor Countries Initiative in April 2015.
|
Source
: CIA |
|
Registered Name: |
ND
JAMENA TOURS |
|
Requested Name: |
ND JAMENA TOURS |
|
Other Names: |
None |
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Physical Address: |
Avenue
Charles De Gaule |
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Postal Address: |
BP
1647 |
|
|
Ndjamena |
|
Country: |
Tchad |
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Phone: |
235-22526838/66297694/66296194 |
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Fax: |
235-22526838 |
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Email: |
None |
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Website: |
None |
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Legal Form: |
Sole Proprietorship |
|
|
Date Incorporated: |
12-April-2010 |
|
|
Reg. Number: |
Tchad |
|
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Nominal Capital |
CFA.
1,000,000 |
|
|
Subscribed Capital |
CFA.
1,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. Manish P. |
GM |
|
|
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
providers of tours and travelling services |
|
|
Imports: |
Asia |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (30%) and 25-90 days (70%), invoices. |
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|
|
|
Main Customers: |
General Public |
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Employees: |
10 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Tchad |
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Location: |
Rented premises, 1,500 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 = 586.25 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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Financial Information not
Submitted |
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|
|
|
|
|
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Profit and Loss
(expressed in CFA.) |
||
|
|
|
2014 |
|
Sales |
|
75,000,000 |
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Bank Name: |
Banque
Arabe Soudano - Tchadienne |
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Branch: |
Tchad |
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Comments: |
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.75 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.71.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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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 |
|
|
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 |
-- |
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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.