MIRA
INFORM REPORT
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Report Date : |
10.08.2007 |
IDENTIFICATION DETAILS
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Name : |
EQUATORIAL BUSINESS GROUP PLC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05.04.1993 |
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Com. Reg. No.: |
No. 10671 |
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Legal Form : |
Limited Liability Company, Limited by Shares |
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Line of Business : |
Retailers of Pharmaceuticals and Medical products. |
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 100000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY REPORTED
EQUATORIAL BUSINESS GROUP
PLC
Principal Address
Telephone : +251-11-4424955/
4400103/4407492
Fax :
+251-11-4422148
Email
: ebg@ethionet.et
Internet
: www.ebg-ethiopia.com
Established
5/4/1993
Registration
No. 10671
Legal Form
Limited Liability
company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
350
Office &
Factories
Head offices P.O
Branches 6 branches
Company Profile
Paid in Capital ETB. 60,000,000
Subscribed Capital ETB. 60,000,000
Shareholders
Name Position Amount
Ratio
Mr. Tadelle
Teferra MD
Mr. Astawesegn Tefer Finance
Director
Mr. Mekuria Ayele Assistant MD
Mr. Girma Daffa Director
Mr. Ato Yonas Hailemiriam Director
Mr. Daniel Seyoum Director
Sheik Mohammed Al-Amoudi Shareholder 80.00%
Others Shareholder 20.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 100,000 is recommendable
Affiliated Division
of the Company
Division (1) Automotive Engineering DIVISION
Division (2) Energy DIVISION
Division (3) Pharmaceuticals, MEDICAL and Veterinary Supplies DIVISION
Division (4) Telecommunication & IT DIVISION
Affiliated Companies
Several Companies
Management/ Directors
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President/ CEO
(1) |
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Name |
Mr. Tadelle Teferra |
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Remarks |
Top Decision Maker |
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President/ CEO
(2) |
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Name |
Mr. Astawesegn Tefer |
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
Retailers of Pharmaceuticals and Medical
products, assembly of automotive and construction equipment, energy products
and electrical systems, energy products and systems and Telecom, equipment
sales, installation, and after sales services.
Terms of payment
Buying terms 30%
in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Volvo, Mazda,
Cummins, Otis elevators, GE, Glaxo SB, Astra Zeneca, Cadila etc
Customers
Companies and
public in general
Recent Sales
ETB. 218,000,000
(2006)
Exports
Export Ratio
20.0%
Import Ratio
60.0%
Domestic Market Share
40.0%
Banking relationship
Main Banks Commercial Bank of
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
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%)