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Report No. : |
337848 |
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Report Date : |
03.09.2015 |
IDENTIFICATION DETAILS
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Name : |
SONISI SARL |
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Registered Office : |
BP 2606, 01 Ouagadougou |
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Country : |
Burkina Faso |
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Year of Establishment : |
01.11.2010 |
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Legal Form : |
Company limited by
shares |
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Line of Business : |
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No. of Employee : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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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 |
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Risk Category |
ECGC
Classification |
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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.
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Source
: CIA |
SONISI SARL
Previous Name: Sonico
Impex
With regard to your
request on:
OUEDRAGO SOULEYMANE
Country Burkina Faso [ BF ]
Address 01 BP 2606 OUAGADOUGOU BURKINA FASO
WEST
Comments about your
request:
Please not the name
"Ouedrago Souleymane" corresponds to an individual:
First name: Soleymane
Surname: Ouedrago
The correct name of the
subject is given in this report. Mr. Ouedrago Souleymane is the sales director
and a shareholder of the company.
A representative of the
company confirmed their business address, the number of employees, banks and
the name of the shareholders.
Main Address: BP 2606
Zip code/City: 01 Ouagadougou, Burkina Faso
Telephone: +226 70205256
+226 74230000
Postal Address: BP 2606
Zip code/City: Ouagadougou, Burkina Faso
E-mail: sonisibs@gmail.com
WIN Worldbox No.: BF0000020333
Established: 2010
Line of Business: Consumer goods wholesale
Industry Division: Wholesale trade
Industry-code (NACE): 4637 Wholesale of coffee, tea, cocoa and
spices
4639 Non-specialised wholesale of
food, beverages and tobacco
Banks: Ora Bank
Employees: 10
CNPJ: -
Board of Directors:
Manager Rajesh Punjabi
Official Administration:
Director Ouedrago Soleymane
Chief Sales Officer Ouedrago
Soleymane
Public information:
No legal information is
available.
Legal form: Company
limited by shares
Incorporation date: 01.11.2010
Balance sheet filing
date: -
Tax Contributor Number
(CNPJ): -
Legal status: active
Responsible Register: State Register of
Burkina Faso
Entry Deleted Name
active Sonisi SARL
removed Sonico Impex
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: Ouedrago Soleymane
City/Country: Burkina Faso/BF
Interest: 80,00% voting right, 80,00% capital
interest
Class: 20-29%
Name: Rajesh Punjabi
City/Country: Burkina Faso/BF
Interest: 20,00% voting right, 20,00% capital
interest
Financial information:
Private companies in
Burkina Faso are not required to disclose financial statements. These have been
requested from the company but they have not been made available as the subject
regards this information as strictly confidential.
Exchange rate:
US$ 1,00 = XOF
581.160 -
Official rate on 24.08.2015
Main Activities:
The subject matter is
engaged in trade of imported biscuits, sweets, coffee and imports mainly from
India, China, Sri Lanka and sometimes Europe.
Main customers are private companies in
Burkina Faso, the subject does not exports.
Operations &
branches:
At the address, 01 BP
2606 Ouagadougou, we find the company's head office.
Staff: 10
Company's Background: We have been unable to obtain the
full register details.
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.16 |
|
|
1 |
Rs.101.21 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
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Analysis Done by
: |
TRI |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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.