MIRA
INFORM REPORT
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Report Date : |
03.08.2007 |
IDENTIFICATION DETAILS
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Name : |
CHAMBISHI METALS PLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
18/4/90 |
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Com. Reg. No.: |
21413 |
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Legal Form : |
Limited
Liability Company, Limited by shares |
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Line of Business : |
Mining of Cobalt |
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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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
COMPANY REPORTED
CHAMBISHI METALS PLC
Principal Address
Telephone: + 260-2-744555
Fax: +
260-2-744035
Email: sample@sample.com
Internet: www.chambishimetals.com
Established
18/4/90
Registration
No. 21413
Legal Form
limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
400
Office & Factories
Head offices
Branches None
Company Profile
Paid in Capital ZMK. 100,000,000
Subscribed Capital ZMK. 100,000,000
Shareholders
Name Position Amount
Ratio
Mr Derek Webbstock CEO
Mr. C Shaw Director
Enya Holdings BV Holding
Co. 90.00%
Anglovaal Mining Limited Shareholder 10.00%
Total 100.00%
Credit Opinion: Our proposed credit amount of USD 100,000 is recommendable
Affiliated Companies
None stated
Management/ Directors
President/ CEO (1)
Name Mr
Derek Webbstock
Remarks Top Decision Maker
Þ Top decision maker is the person who has the ultimate authority or power to make important managerial decisions. He/She may or may not be officially registered as a president or an executive director.
Business Activities
Mining of Cobalt,
it also owns chambishi Acid plant and Nkana Slag Dump.
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 50% in cash, 50% on credit
Suppliers
Mining Equipment Companies
Customers
Companies and industries
Recent Sales
ZMK. 182,000,000 (2006)
Exports
Europe and
Export Ratio 0.0%
Import Ratio 40.0%
Domestic Market Share 20.0%
Banking relationship
Main Banks SBI Bank,
Credit Check of
Subject, President & CEO
(as of report date)
Payment Morale: In the documents
at our disposal nothing adverse has been shown so far.
CREDIT RATING: Financial
situation is average.
COMMENTS
Enya Holdings BV is inturn owned by J&W Holding AG, Additional Information awaited Maximum credit we recommend is USD 100,000 outstanding at any one time.
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%)