|
Report No. : |
338279 |
|
Report Date : |
03.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRANSCOM
BURKINA |
|
|
|
|
Registered Office : |
St. Pres du Marche Central, 08 Ouagadougou |
|
|
|
|
Country : |
Burkina Faso |
|
|
|
|
Date of Incorporation : |
2011 |
|
|
|
|
Legal Form : |
Sole Proprietorship/Trader |
|
|
|
|
Line of Business : |
The subject matter is engaged in freight transport by road and other
transportation support activities. |
|
|
|
|
No. of Employees : |
10-19 |
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 |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
TRANSCOM BURKINA
Comments about your request:
According to the Chamber of commerce
and Industry of Burkina Faso - Chambre de Comme et d'Industrie du Burkina Faso
the correct name of the subject matter is provided in this report.
We made every effort to contact the
company through the telephone numbers available but it was not possible.
As we have no way of contacting the
company, the details from this report come from official sources and various
databases we can consult.
Main
Address: St.
Pres du Marche Central
Zip
code/City: 08
Ouagadougou, Burkina Faso
Telephone: +226 25 30 15
14
+226
25 33 58 80
WIN
Worldbox No.: BF0000020352
Established: 2011
Line
of Business: Transport
of goods, Transport services
Industry
Division: Services
Industry-code
(NACE): 4941 Freight
transport by road
5229
Other transportation support activities
Banks: unknown
Employees: 10-19
CNPJ: -
Board of Directors:
Manager Noufou Compaore
Public information:
No legal actions could be obtained
during investigation.
Legal form: Sole
proprietorship/trader
Balance sheet filing date: -
Tax Contributor Number
(CNPJ): -
Legal status: active
Responsible Register: Chambre de Comme et
d'Industrie du Burkina Faso
Entry Deleted Name
active Transcom Burkina
Import and Export:
-
Payment history:
No payment history is available.
Owners/-s:
The name of the owner was not
disclosed.
Financial information:
Private companies in Burkina Faso are
not required to disclose financial statements.
Upon direct approach it was not
possible to obtain further details.
Exchange
rate:
US$
1,00 =
XOF 570.750 - Official rate on 27.08.2015
Main Activities:
The subject matter is engaged in
freight transport by road and other transportation support activities.
Operations & branches:
At the address, St. Pres du Marche
Central, 08 Ouagadougou, Burkina Faso, we find the company's head office.
Staff:
10-19
Company's Background:
We have been unable to obtain the
full register details.
According to our research the
subject matter may have started operating in 2011, but we were not able to
confirm this information with the official entities.
N/A
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.16 |
|
|
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
-- |
|
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.