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MIRA
INFORM REPORT
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Report Date : |
24th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
ARSERVICE
(AFANDY RANCHORDAS & SERVICES LDA) |
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Registered Office : |
Talhao
C, Rua Numero 54 |
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Country : |
Mozambique |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
Limited
liability company |
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Line of Business : |
Engaged
in the business of travel agency, tour operators. -
Ticket and hotel reservation |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown
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Litigation : |
Unknown
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CO. NAME
ARSERVICE
(AFANDY RANCHORDAS & SERVICES LDA)
ADDRESS
Street :
Talhao C, Rua Numero 54
Area :
Bairro Maiaia Nacal
Town :
Nacala Porto
Country :
Mozambique
Telephone : (258 26) 526 306
/ (258 82) 786 9950 / 472 9810 / 455 8580 (mobiles)
Fax :
(258 26) 526 030
E-Mail : arservice@teledata.com
Shortform Name : ARSERVICE
SENIOR COMPANY PERSONNEL
Name
Position
Afandy
Ranchordas
General Manager
Total Employees : 10
PAYMENTS
Current trade experience of payments has not been traced.
Subject is a small family owned business. Subject's General Manager declined to
provide financial and general background or antecedent information.
Opinion on maximum credit : We have insufficient basis on which to speak for
unsecured credit and recommend dealing on cash or prepaid basis only.
Trade risk assessment : High
It is normal accepted practice for international suppliers to deal on secured
terms with Mozambique importers.
PRINCIPAL BANKERS
Subject declined to name its bankers.
FINANCIAL INFORMATION
Balance sheets are not available and the subject interviewed declined to give
any financial information, which the company regards as strictly confidential.
LEGAL STATUS AND HISTORY
Date Started : 1998
Capital : not given
Companhia Limitada (limited liability company) with the following shareholders
:
1. Afandy
Ranchordas
(major shareholders)
2. Mrs Ranchordas
(wife of the above)
ACTIVITIES
The Company is involved in the following activities :
Travel agency, tour operators.
Subject also provides the following services:
- Car rental with and without driver
- Ticket and hotel reservation
- Consultancy services
- Internet instalation
FACILITIES
The Company has the following facilities :
Office premises located at the heading address.
Subject has four branch offices elsewhere in the country (see 'Branch Office'
below).
Previosly subject was located at Rua No 138 R/C, Bairro Maiaia Nacal, Nacala
Porto.
BRANCH OFFICES
1. Quelimane
Tel: (258 24) 215 974
2. Pembe
Tel: (258 27) 220 625
3. Chimoio
Tel: (258 25) 124 411
4. Nampula
Tel: (258 26) 217 674
SPECIAL NOTE
You provided the following details:
- Branch Offices in Quelimane 04215974, Pemba 07220625 and
Nampula 06217674 this numbers are incomplete. Please note that the
complete telephone numbers are as per 'Branch Office section' above.
- Tel : 258 652 6306, this number is incomplete. Please note that the complete
telephone number is as per heading.
- Tel : 258 82 305858, this number applies to a mobile phone that is currently
out of orther.
- Tel : 78996650 this, mobilephone number is incorrect. Please
note correct mobilephone number is per heading and applies to
subjects general manager.
- Tel : 4729810 and 4558580, this mobilephone numbers are incomplete. Please
note complete mobilephone numbers are as per heading.
- Fax : 258 652 6030, this number is incomplete. Please note complete number is
as per heading.
- Email : afandyrdas@teledata.mz or
arservice@teledata.mz. Please note
the first given email address is not working.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |