MIRA
INFORM REPORT
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Report Date : |
11.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
MATRA LTD |
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Registered Office : |
Lumumba Road, Lusaka |
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Country : |
Zambia |
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Legal Form : |
Private Limited Liability Company with the following shareholders |
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Line of Business : |
Suppliers of caterers' equipment, laundry and dry cleaning
equipment as well as medical equipment and supplies. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 150,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY STATUS REPORT
CO. NAME : MATRA LTD
ADDRESS
Street : Lumumba Road
Town : Lusaka
Country : Zambia
Telephone : (260 1) 286 188 / (260) 9675 0628 (mobile)
Fax : (260 1) 286 188
E-Mail : matra@coppernet.zm
SENIOR COMPANY
PERSONNEL
Name Position
M. Poole General Manager
Total Employees : 2 (administrative)
PAYMENTS
Current trade experience of payments has not been traced.
Subject declined to provide financial information or to reveal any details relative to the extent of the company's operations.
Information in this report was obtained from third party sources only.
Opinion on maximum credit: We have insufficient basis on which to speak for unsecured credit and recommend
dealing cash or prepaid basis only.
Trade risk assessment : High
Opinion on the credit figure of US DLRS 150,000 - 30 days :
See above comments.
It is normal accepted practice for international suppliers to deal on secured terms with Zambian 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 : 2000 (not confirmed)
Capital : not given
Private Limited Liability Company with the following shareholders :
Details of shareholders could not be obtained and subject was uncooperative on the matter.
ACTIVITIES
The Company is involved in the following activities :
Suppliers of caterers' equipment, laundry and dry cleaning equipment as well as medical equipment and supplies.
Imports from India.
FACILITIES
The Company has the following facilities:
Premises located at the heading address.
Every effort is made to ensure that the information given herein is accurate, but no legal responsibility is accepted for any error or omission in the text.
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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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)