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Report No. : |
338282 |
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Report Date : |
01.09.2015 |
IDENTIFICATION DETAILS
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Name : |
SOCIETE DE DISTRIBUTION TIENDREBEOGO
LASSANE SARL |
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Registered Office : |
Rue De La Chance, 08 Ouagadougou |
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Country : |
Burkina Faso |
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Date of Incorporation : |
01.01.2010 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Subject is engaged in wholesale trade of Consumer
goods |
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No. of Employee : |
1-9 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 : |
Unknown |
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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) |
|
Burkina Faso |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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 |
BURKINA FASO - ECONOMIC OVERVIEW
Burkina Faso is a poor, landlocked country that depends on adequate rainfall. About 80% of the population is engaged in subsistence farming and cotton is the main cash crop. The country has few natural resources and a weak industrial base. Cotton and gold are Burkina Faso’s key exports and Burkina Faso’s economic growth and revenue depends on global prices for the two commodities. The Burkinabe economy experienced high levels of growth over the last few years and gold accounted for about three-quarters of the country’s total export revenues in 2013. The country has seen an upswing in gold exploration, production, and exports. Burkina Faso experienced a number of public protests over the high cost of living, corruption, and other socioeconomic issues in 2013 and the fall of the COMPAORE government in 2014 gave rise to laborers pushing for better pay and working conditions. A new three-year IMF program was approved in 2013 to focus on improving the quality of public investment and ensuring inclusive growth. Political insecurity in neighboring Mali, unreliable energy supplies, and poor transportation links pose long-term challenges.
|
Source
: CIA |
SOCIETE DE
DISTRIBUTION TIENDREBEOGO LASSANE SARL
Main Address: Rue
De La Chance
Zip code/City: 08 Ouagadougou, Burkina Faso
Telephone: +226
25 31 36 29
WIN Worldbox No.: BF0000020366
Established: 2010
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4690 Non-specialised wholesale trade
Banks: unknown
Employees: 1-9
CNPJ: -
Official
Administration:
Director Lassane Tiendrebeogo
Public
information:
No legal actions could be obtained during
investigation.
State Register: BFOUA2010B4127
Legal form: Company
limited by shares
Incorporation date: 01.01.2010
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: Registre de Commerce et de Crédit Mobilier Burkina Faso
Entry Deleted Name
active Societe
de Distribution Tiendrebeogo Lassane SARL
Sanctions
List
The company is not listed on the
WorldCompliance database.
Import
and Export:
Import
Payment
history:
No payment history is available.
Owners/-s:
Class: 50-100%
Name: Lassane
Tiendrebeogo
City/Country: Burkina
Faso/BF
The name of all the shareholders and the
exact percentage were not disclosed.
Financial
information:
Private companies in Burkina Faso are not
required to disclose financial statements.
We have been unable to obtain more
information from the subject matter.
Exchange
rate:
US$ 1,00 = XOF
570.750 - Official rate on 27.08.2015
Main
Activities:
The subject is engaged in wholesale trade.
Operations & branches:
At the address, Rue De La Chance, 08
Ouagadougou, Burkina Faso, we find the company's head office.
Staff:
1-9
Company's
Background:
We have been unable to obtain the full
register details.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.26 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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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 |
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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.