MIRA
INFORM REPORT
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Report Date : |
26th
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
KILIMANJARO BLANKET CORPORATION LTD |
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Registered Office : |
Boltan Road, Gofu Industrial Area 5020, Tanga Tanzania |
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Country : |
Tanzania |
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Date of Incorporation : |
1966 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of blankets and canvas and
toilet/kitchen linen of cotton |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Usually
Correct |
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Litigation : |
Clear |
CO. NAME
KILIMANJARO BLANKET CORPORATION LTD
ADDRESS
Street : Boltan Road
Area : Gofu Industrial Area
P.O. Box : 5020
Town :
Tanga
Country : Tanzania
Telephone : (255 27) 264 4455/6 / 264 3560 /
255748781191 mobile
Fax :
(255 27) 264 3826
E-Mail :
kbc@raha.com
Also Known As :
Kilimanjaro Blankets Corporation
SENIOR COMPANY PERSONNEL
Name Position
Aludin Hirji Managing Director
Total Employees : 120
PAYMENTS
No complaints have been heard regarding payments
from local suppliers or banks.
Subject is a well established company operating
since 1966.
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 Tanzanian importers.
Opinion on maximum credit : TAN Shs 185,000,000
Trade risk assessment : Normal
Opinion on the credit figure of US DLRS 1,000,000 :
The above figure is higher than normally seen in
one amount, however could prove admissible in a series of transactions provided
the total indebtedness is strictly monitored.
PRINCIPAL BANKERS
NAME :
DIAMOND TRUST OF TANZANIA LTD
Branch :
Mosque Street/Jamat Street
P.O. Box : 115
Town :
Dar Es Salaam
Telephone: (255 22) 211 4888/92
Fax :
(255 22) 211 8953
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 : 1966
Capital : not given
Limited Liability Company with the following shareholders
:
1. Aludin Hirji
2. Undisclosed shareholders
ACTIVITIES
The Company is involved in the following activities
:
Manufacturers of blankets and canvas and
toilet/kitchen linen of cotton.
Imports from Asian countries.
FACILITIES
The Company has the following facilities :
Manufacturing units with integrated storage
facilties at the heading address and an office and outlet in Dar Es Salaam
(plot no. 96-102, Pugu Road).
SPECIAL NOTE
Sources could not interview the senior officials
who are away on business trips.
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 |