MIRA INFORM REPORT
|
Report Date : |
16th
June, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
AGRIFOCUS
– AGRICULTURA E COMERCIO INTERNATIONAL LDA |
|
|
|
|
Registered Office : |
Tima Square Building, 1st Floor, Room A, Avenida 25 Setembro,
P.O. Box: 3678, Maputo, Mozambique |
|
|
|
|
Country : |
Mozambique |
|
|
|
|
Date of Incorporation : |
11.06.1998 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading as importers and distributors of agrochemical products,
public health items and veterinary products, as well as fumigation equipment. |
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 |
|
Maximum Credit Limit : |
METICAL 2,500,000,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
AGRIFOCUS AGRICULTURA E COMERCIO INTERNACIONAL LDA(Correct)
AGRIFOCUS AGRICULTURA (Requested)
ADDRESS
Building : Tima Square Building, 1st Floor, Room A
Street : Avenida 25 Setembro
P.O. Box : 3678
Town : Maputo
Country : Mozambique
Telephone : (258 21) 303 668 / 303 663
Fax : (258 21) 303 665
Shortform Name : Agrifocus
SENIOR COMPANY PERSONNEL
Name Position
1. Ricardo Sequeira Managing
Director
2. Rui Perreira Goncalves
Executive Director
2. Carlos Henriques Director
Total Employees : 61
PAYMENTS
No complaints have been heard regarding payments from local
suppliers or banks.
We consider it is acceptable to deal with subject for MEDIUM
amounts, although it is normal accepted practice for international suppliers to
deal on secured terms with Mozambique importers.
Opinion on maximum credit : METICAL 2,500,000,000
Trade risk assessment : Normal
TRADE REFERENCES
NAME : VOLCANO AGROSCIENCES
Street : 22 Burnside Drive Hill
Town : Mt Edgecombe 4300
Country : South
Africa
NAME : SYNGENTA AGCO AG
PO Box : 233
Town : Dielsdoef CH-8517
Country :
Switzerland
PRINCIPAL BANKERS
NAME : BANCO STANDARD TOTTA DE MOCAMBIQUE
SARL
Branch : Central
Street : Praca 25 Julho 1
PO Box : 1119
Town : Maputo
Telephone: (258 21) 423 047 / 424 597
The company also has an account with the following banks :
1. Standard Bank
2. Banco Internacional Mozambique
3. Uniao Comercial de Bancos (UCB)
FINANCIAL INFORMATION
Balance sheets are not available. However, the subject interviewed
offered the following information :
Sales Turnover : US
DLRS 2,501,852 - 2000 - exact
:
US DLRS 3,870,029 - 2001 - exact
:
US DLRS 4,700,000 - 2002 - exact
: US DLRS 6,200,000 - 2003 - exact
:
US DLRS 8,200,000 - 2004 - exact
:
US DLRS 8,500,000 - 2005 - exact
Net Profit : US
DLRS 42,882 - 2000 - exact
:
US DLRS 40,000 - 2001 - exact
:
not given but stated to be profitable - 2002
:
US DLRS 263,000 - 2003 - exact
:
not given but stated to be profitable - 2004
:
US DLRS 250,000 - 2005 - exact
Total Value of Stock Held : US DLRS 1,000,000
Total Capital Investment
: US DLRS 650,000
Financial year ends 31 December.
LEGAL STATUS AND HISTORY
Date Started : 11 June 1998
IVA (VAT No.) : 400001871
Paid up Capital : US DLRS 250,000
Companhia Limitada (Limited Liability Company) with the following
shareholders :
Percentage
1. Anchorprop (Pty) Lda
34.20
%
2. Rui Perreira Goncalves
15.68 %
3. Antonio Fagilde 7.92 %
4. Arnaedo Pfibeiru 7.92 %
5. Luis Perreira
7.92 %
6. Aida Cumbi
7.92 %
7. Maria Frabel
7.92 %
8. Celia Jordao
7.92 %
9. Ricardo Sequeira
2.60 %
ACTIVITIES
The Company is involved in the following activities :
Trading as importers and distributors of agrochemical products,
public health items and veterinary products, as well as fumigation equipment.
Imports from Switzerland, UK, China, India, South Africa and
Brazil.
Principal supliers:
- Synganta Agro AG
- Volcano Agrosciences
- Monsanto
- Hudson & Pert Hong Kong
- Micron Sprayers
- Zacto (Brazil)
FACILITIES
The Company has the following facilities :
Rented office premises located at the heading address, warehouse
elsewhere in Maputo and several branch offices elsewhere in Mozambique (see
'Branch Office' below).
Subject was previously located at Avenida Mao Tse Tung 997,
Maputo.
BRANCH OFFICES
1. Matola
Tel : 258 1 752202 (2 lines)
Fax : 258 1 752224
2. Chokwa
Tel : 258 21 20117
3. Bezra
Tel : 258 3 328656
4. Chimozo
Tel : 258 6 214482
SPECIAL NOTE
You requested on AGRIFOCUS - AGRICULTURA
Please note correct name is as per heading.
The telephone number 252 826303663, fax number 092581303665 and
alternative number 092581303663/8 provided by you are incorrect.
Please note the correct telephone and fax numbers are as per
heading.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |