MIRA
INFORM REPORT
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Report Date : |
25th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
MARLOMO
LDA |
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Registered Office : |
Erf
106, P.O. Box : 490, Grootfontein,
Namibia |
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Country : |
Namibia |
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Date of Incorporation : |
2004
(not confirmed) |
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Com. Reg. No.: |
166403 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Engaged
in renting out farming equipment. |
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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Company NAME
MARLOMO
LDA
ADDRESS
Street : Erf 106
P.O.
Box : 490
Town : Grootfontein
Country : Namibia
Telephone :
(264 67) 243 650 / (264) 811 298 202 (mobile)
Fax : (264 67) 242 759
E-Mail : ncljohan@mweb.co.za
SENIOR COMPANY PERSONNEL
Name Position
Johan
Van Zyl Managing Director
PAYMENTS
Current
trade experience of payments has not been traced.
Our
sources could not contact Mr Van Zyl, subject's Managing Director and interview
him. He is currently busy transferring the business to Angola.
Opinion
on maximum credit : In view of the above we have insufficient basis on which to
speak for unsecured credit and recommend international suppliers deal on cash
or pre-paid basis pending fuller knowledge.
Trade
risk assessment : No classification
It
is normal accepted practice for international suppliers to deal on secured
terms with Namibia importers.
PRINCIPAL BANKERS
NAME :
BANK WINDHOEK LIMITED
Branch :
Main Branch
Town :
Groofontein
Telephone : (264 67) 243 165
Account
No : 8000573698
FINANCIAL INFORMATION
Balance
sheets are not available. Financial information is not available from other
sources.
LEGAL STATUS AND HISTORY
Date
Started : 2004 (not confirmed)
History
: Reportedly the company is
registered in Angola.
C.R.
No. : 166403
VAT
No. : 0657091015
Capital
: not given
Private
Limited Liability Company with the following shareholders :
1.
Johan Van Zyl 90%
Birth Date : 30/01/1961
2.
J.M. Lombard 10%
Birth Date : 04/12/1944
ACTIVITIES
The
Company is involved in the following activities :
Believed
to be engaged in renting out farming equipment.
It
is believed that subject will engage in farming in Angola.
The
company is looking for grain and meat buyers all over Angola from March 2007.
FACILITIES
The
Company has the following facilities :
Office
premises located at the heading address.
Subject
has a framland located in Mucundi, Caiundo Region, Cuado Cubango, Angola.
SPECIAL NOTE
The
information which you provided could not be verified at present as subject's
Managing Director was unavailable for interview.
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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