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Report No. : |
341410 |
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Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
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Name : |
KISAN CRISPLANT CAMEROON SA |
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Registered Office : |
Mmeuble Sis Au Rond Point Salles De Fêtes, 3eme Étage, Appartement 3, Douala, P. O. Box 15180, Douala |
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Country : |
Cameroon |
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Date of Incorporation : |
01.06.2006 |
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Legal Form : |
Societe Anonyme |
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Line of Business : |
Suppliers of Gas
Equipment, LPG Filling and Distribution Services and Systems. |
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No. of Employees : |
50 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
|
Cameroon |
B2 |
B2 |
|
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 |
CAMEROON - ECONOMIC
OVERVIEW
Modest oil resources and favorable agricultural conditions
provide Cameroon with one of the best-endowed primary commodity economies in
sub-Saharan Africa. Cameroon’s economy suffers from political and economic
factors that often impact underdeveloped countries, such as stagnant per capita
income, a relatively inequitable distribution of income, a top-heavy civil
service, endemic corruption, the continuing inefficiencies of a large
parastatal system in key sectors, and a generally unfavorable climate for business
enterprise. Since 1990, the government has embarked on various IMF and World
Bank programs designed to spur business investment, increase efficiency in
agriculture, improve trade, and recapitalize the nation's banks. The IMF
continues to press for economic reforms, including increased budget
transparency, privatization, and poverty reduction programs. The Government of
Cameroon provides subsidies for electricity, food, and fuel that have strained
the federal budget diverting funds from education, healthcare, and
infrastructure projects. Cameroon devotes significant resources to several
large infrastructure projects under construction, including a deep sea port in
Kribi and the Lom Pangar Hydropower Project. Cameroon’s energy sector continues
to diversify, recently opening a natural gas powered electricity generating
plant. Oil remains Cameroon’s main export commodity accounting for nearly 40%
of export earnings despite falling global oil prices. Cameroon continues to
seek foreign investment to improve its inadequate infrastructure, create jobs
and improve its economic footprint but its unfavorable business environment
remains a significant deterrent to foreign investment.
|
Source
: CIA |
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Registered Name: |
KISAN CRISPLANT CAMEROON
SA |
|
Requested Name: |
KISAN CRISPLANT CAMEROON SA |
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Other Names: |
None |
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Physical Address: |
mmeuble
sis au Rond Point Salles de Fêtes, 3eme
étage, appartement 3, Douala, |
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Postal Address: |
P.
o. Box 15180 |
|
|
Douala |
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Country: |
Cameroon |
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Phone: |
237-33-420334/010808 |
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Fax: |
237-33-420635 |
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Email: |
sales@kosancrisplant.com |
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Website: |
www.kosancrisplant.com |
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Legal Form: |
Societe Anonyme |
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Date Incorporated: |
01-June-2006 |
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Reg. Number: |
Cameroun |
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Nominal Capital |
CFA.
10,000,000 |
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Subscribed Capital |
CFA.
10,000,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
|
Anders C. Anderson |
Group
CEO |
|
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Lars Karlsmose |
Group
CFO |
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Bent Lindrup |
Director |
|
|
Bo Larsen |
Director |
|
|
Anders Bjørn |
Director |
|
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Kosan Crisplant a/s Denmark |
Holding
Co. |
100% |
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Kosan Crisplant a/s
Denmark |
Parent company. |
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None |
Subsidiary company. |
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Various worldwide |
Affiliated companies. |
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None |
Shareholder of subject
firm. |
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None |
Branches of the firm |
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Registered to operate as
suppliers of gas equipment, LPG filling and distribution services and
systems |
|
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Imports: |
Asia, Europe |
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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: |
firms and organizations |
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Employees: |
50 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Cameroun |
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Location: |
Leased premises, 5,000 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 XOF (CFA.) |
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Approx. Ex. Rate: |
1 US Dollar = 588.04 West
African XOF |
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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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Profit and Loss
(expressed in CFA.) |
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|
|
2014 |
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Sales |
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5,500,000,000 |
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Bank Name: |
ECOBANK |
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Branch: |
Cameroun |
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Comments: |
None |
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Experiences: |
Good |
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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.65.97 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.