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Report No. : |
341784 |
|
Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
CEB (COMMUNAUTE ELECTRIQUE DU BENIN) |
|
|
|
|
Registered Office : |
4, Rue Kozah 01, BP 1368M, Lome |
|
|
|
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Country : |
Togo |
|
|
|
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Date of Incorporation : |
27.07.1968 |
|
|
|
|
Legal Form : |
State Corporation |
|
|
|
|
Line of Business : |
Mandate to Develop
Electricity Infrastructure |
|
|
|
|
No. of Employees : |
496 Employees. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
Litigation : |
-- |
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) |
|
Togo |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TOGO - ECONOMIC OVERVIEW
This small, sub-Saharan economy depends heavily on both commercial
and subsistence agriculture, which provides employment for a significant share
of the labor force. Some basic foodstuffs must still be imported. Cocoa,
coffee, and cotton generate about 40% of export earnings with cotton being the
most important cash crop. Togo is among the world's largest producers of
phosphate and seeks to develop its carbonate phosphate reserves. The
government's decade-long effort, supported by the World Bank and the IMF, to
implement economic reform measures, encourage foreign investment, and bring
revenues in line with expenditures has moved slowly. Progress depends on follow
through on privatization, increased openness in government financial
operations, progress toward legislative elections, and continued support from
foreign donors. Foreign direct investment inflows have slowed over recent
years. Togo completed its IMF Extended Credit Facility in 2011 and reached a
Heavily Indebted Poor Country (HIPC) debt relief completion point in 2010 at
which 95% of the country's debt was forgiven. Togo continues to work with the
IMF on structural reforms.
|
Source
: CIA |
|
Registered Name: |
CEB (COMMUNAUTE
ELECTRIQUE DU BENIN) |
|
Requested Name: |
POWER COMMUNITY OF BENIN (C EBO) |
|
Other Names: |
None |
|
Physical Address: |
4,
Rue Kozah 01, |
|
Postal Address: |
BP
1368M |
|
|
Lome |
|
Country: |
Togo |
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Phone: |
228-22216132/22215914 |
|
Fax: |
228-22213764 |
|
Email: |
dg@cebnet.org |
|
Website: |
www.cebnet.org |
|
Legal Form: |
State Corporation |
|
|
Date Incorporated: |
27-July-1968 |
|
|
Reg. Number: |
Togo |
|
|
Budget Capital |
CFA.
26,350,000,000 |
|
|
Subscribed Capital is Subscribed in the following form: |
||
|
|
Position |
Shares |
|
Djibril Salifou |
Director |
|
|
Government of Benin |
Shareholder |
50% |
|
Government of Togo |
Shareholder |
50% |
|
None |
Parent company. |
|
None |
Subsidiary company. |
|
None |
Affiliated company. |
|
Government of Benin Government of Togo |
Shareholders of subject
firm. |
|
BP.53 Atakpame, Togo |
Branches of the firm |
|
Mandate to develop
electricity infrastructure |
|
|
Imports: |
Asia |
|
Exports: |
None |
|
Trademarks: |
None |
|
Terms of sale: |
100% tenders |
|
|
|
|
Main Customers: |
General Public |
|
Employees: |
496 employees. |
|
Vehicles: |
Several motor vehicles. |
|
Territory of sales: |
Togo |
|
Location: |
Owned premises, 100,000 square feet, |
|
Auditors: |
Information not
available. |
|
Insurance Brokers: |
Information not
available. |
|
Currency Reported: |
West African XOF (CFA.) |
|
|
Approx. Ex. Rate: |
1 US Dollar = 588.25 West
African XOF |
|
|
Fiscal Year End: |
December 31, 2014 |
|
|
Inflation: |
According to information given by independent sources, the inflation
at December 31st, 2014 was of 13%. |
|
|
|
||
|
Financial Information not
Submitted |
|
|
|
|
|
|
|
Profit and Loss
(expressed in CFA.) |
||
|
|
|
2014 |
|
Income |
|
133,728,000,000 |
|
Bank Name: |
Union
Togolaise de Banque |
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Branch: |
Togo |
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Account No.: |
310044674004000 |
|
Comments: |
None |
|
Experiences: |
Good |
|
None |
|
|
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.66.18 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.