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Report No. : |
341878 |
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Report Date : |
29.09.2015 |
IDENTIFICATION DETAILS
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Name : |
NOUVELLE GEDISPA |
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Registered Office : |
Treichville, Avenue 11, Rue 10 05 BP 1133, Abidjan 05 |
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Country : |
Cote D’Ivoire |
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Date of Incorporation : |
05.07.2011 |
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Legal Form : |
Limited Corporation |
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Line of Business : |
Import, export and distribution of food products and beverages such as
tinned tomatoes, milk powder etc. |
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No. of Employees : |
15 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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) |
|
Cote D’Ivoire |
C1 |
C1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COTE D’IVOIRE - ECONOMIC
OVERVIEW
Cote d'Ivoire is heavily dependent on agriculture and related
activities, which engage roughly two-thirds of the population. Cote d'Ivoire is
the world's largest producer and exporter of cocoa beans and a significant
producer and exporter of coffee and palm oil. Consequently, the economy is
highly sensitive to fluctuations in international prices for these products and
in climatic conditions. Cocoa, oil, and coffee are the country's top export
revenue earners, but the country is also mining gold. The country boasted two
offshore oil finds in 2012. Following the end of more than a decade of civil
conflict in 2011, Cote d’Ivoire has experienced a boom in foreign investment
and economic growth. In June 2012, the IMF and the World Bank announced $4.4
billion in debt relief for Cote d'Ivoire under the Highly Indebted Poor
Countries Initiative.
|
Source
: CIA |
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Registered Name: |
NOUVELLE GEDISPA |
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Requested Name: |
NOUVELLE GEDISPA |
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Other Names: |
None |
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Physical Address: |
Treichville,
Avenue 11, Rue 10 |
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Postal Address: |
05
BP 1133 |
|
|
Abidjan
05 |
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Country: |
Cote D’Ivoire |
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Phone: |
225-21242516/24341875 |
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Cell: |
225-41151554 |
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Fax: |
225-21241013/21240772 |
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Email: |
jacomo2010@live.fr/zaza@aviso.ci/purchase@gedispa.com |
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Website: |
www.gedispa.com |
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Legal Form: |
Limited Corporation |
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Date Incorporated: |
05-July-2011 |
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Reg. Number: |
Cote D’Ivoire |
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Nominal Capital |
CFA.
1,000,000 |
|
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Subscribed Capital |
CFA.
1,000,000 |
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Subscribed Capital is Subscribed in the following form: |
||
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Position |
Shares |
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Mr. Mesou Mohamed |
CEO |
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|
None |
Parent company. |
|
None |
Subsidiary company. |
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None |
Affiliated company. |
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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
import, export and distribution of food products and beverages such as tinned
tomatoes, milk powder etc |
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Imports: |
Asia |
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Exports: |
Neighboring countries |
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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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Main Customers: |
Local agencies, stores, outlets etc |
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Employees: |
15 employees. |
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Vehicles: |
Several motor vehicles. |
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Territory of sales: |
Cote D’Ivoire |
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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: |
West African XOF (CFA.) |
|
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Approx. Ex. Rate: |
1 US Dollar = 588.25 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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||
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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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320,000,000 |
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Bank Name: |
ECOBANK |
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Branch: |
Cote D’Ivoire |
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Comments: |
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.66.08 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.73.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
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Report Prepared
by : |
NIT |
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 |
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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.