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Report No. : |
330387 |
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Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
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Name : |
MAHAMADOU DIT TAMBA SYLLA |
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|
|
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Registered Office : |
Immeuble-Balde, Avenue Cheick Zayed, BPE 5051, Bamako |
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Country : |
Mali |
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Date of Incorporation : |
15.06.2006 |
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Legal Form : |
Limited Corporation |
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|
|
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Line of Business : |
Subject operates as
general traders dealing with hardware, FMCG products. |
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|
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No. of Employees : |
10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Slow |
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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) |
|
Mali |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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: |
MAHAMADOU DIT
TAMBA SYLLA |
|
Requested Name: |
MAHAMADOU DIT TAMBA SYLL |
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Other Names: |
None |
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Physical Address: |
Immeuble-Balde,
Avenue Cheick Zayed |
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Postal Address: |
BPE
5051 |
|
|
Bamako |
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Country: |
Mali West Africa |
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Phone: |
223-2211717/ 66734550 |
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Fax: |
223-2211717 |
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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: |
15-June-2006 |
|
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Reg. Number: |
Mali |
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Tax Number: |
082220024N |
|
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Nominal Capital |
CFA. 10,000,000 |
|
|
Subscribed Capital |
CFA. 10,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Mr. M. Dit Tamba Sylla |
MD |
100% |
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
None |
Shareholder of subject
firm. |
|
None |
Branches of the firm |
|
Registered to operate as
general traders dealing with hardware, FMCG products. |
|
|
Imports: |
Asia |
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Exports: |
None |
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Trademarks: |
None |
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Terms of sale: |
Cash (40%) and 25-90 days (60%), invoices. |
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|
|
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Main Customers: |
Local agencies, stores, etc |
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Employees: |
10 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Mali |
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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: |
Malin West African Franc
(CFA.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 586.46
Malin 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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||
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Financial Information not
Submitted |
|
|
|
|
|
|
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Profit and Loss
(expressed in CFA.) |
||
|
|
|
2014 |
|
Sales |
|
210,000,000 |
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Bank Name: |
ECOBANK |
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Branch: |
Mali |
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Comments: |
None |
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|
|
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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.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.