MIRA INFORM REPORT

 

 

Report Date :

27th June 2006

 

IDENTIFICATION DETAILS

 

Name :

MOCAMBIQUE DISTRIBUICAO E SERVICES LDA (MDS)

 

 

Registered Office :

Rua Henrique Toucha, No 22 r/c
Maputo, Mozambique

 

 

Country :

Mozambique

 

 

Date of Incorporation :

2003

 

 

Com. Reg. No.:

400109203

 

 

Legal Form :

Limited liability company

 

 

Line of Business :
  • Importers, exporters and distributors of foodstuff.
  • Subject also provides market analyses for supermarkets.

 

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 :

Usually Correct

 

 

Litigation :

Clear


CO. NAME

 

MOCAMBIQUE DISTRIBUICAO E SERVICES LDA (MDS) (Correct)
MACAMBIQUE DISTRIBUICAO E SERVICES MDS (Requested)


ADDRESS


Street                           :  Rua Henrique Toucha, No 22 r/c
Town                 :  Maputo
Country             :  Mozambique
Telephone         :  (258 21) 314 999
Fax                   :  (258 21) 314 999


Shortform Name :  MDS



SENIOR COMPANY PERSONNEL


Name                            Position
 
1. Jose Valente              Managing Director

2. Rui Hernesto              Operational Director

Total Employees : 18 (permanent) plus contractors accourding the work in hand.



PAYMENTS


No complaints have been heard regarding payments from local suppliers or banks.

We consider it is acceptable to deal with subject for SMALL amounts, however in view of the lack of financial information we recommend international suppliers exercise a degree of caution.

Opinion on maximum credit : METICAL 250,000,000

Trade risk assessment : Normal

It is normal accepted practice for international suppliers to deal on secured terms with Mozambique importers.



PRINCIPAL BANKERS


NAME     : BANCO INTERNACIONAL DE MOCAMBIQUE
Branch   : Central
Street   : Avenida 24 de Julho
Town     : Maputo

Telephone: (258 21) 429 677 / 428 151
Fax      : (258 21) 29718

The company also has an account with the following banks:

BCI FOMENTO (FORMERLY BANCO  DO FOMENTO E EXTERIOR SA)



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 : 2003

C.R. No. : 400109203

Capital : not given

Companhia Limitada (limited liability company) with the following shareholders :

1. Jose Valente               (main shareholder)

2. Undisclosed minority shareholders



ACTIVITIES


The Company is involved in the following activities :

Importers, exporters and distributors of foodstuff.

Subject also provides market analyses for supermarkets and other mporters of foodstuff.

Imports from South Africa, SADC (Souther African Development Community) and Italy (small amounts).



FACILITIES


The Company has the following facilities :

Office premises located at the heading address.

Subject also has several warehouses in Maputo and over 600 commission agents throughout the country.



SPECIAL NOTE


You enquired on : MACAMBIQUE DISTRIBUICAO E SERVICES MDS.

Please note correct name is as per heading.

The address provided by you Rua Henrique Toucha, Maputo is incomplete. Please note complete address is as per heading.

The telephone number provided by you, 258 1314999 is incomplete. Please note complete telephone number is 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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions