MIRA
INFORM REPORT
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Report Date : |
17.08.2007 |
IDENTIFICATION DETAILS
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Name : |
TOTAL ZAMBIA LTD |
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Registered Office : |
P.O |
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Country : |
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Date of Incorporation : |
1947 |
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Com. Reg. No.: |
1713 |
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Legal Form : |
Limited Liability company, Limited by shares |
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Line of Business : |
Marketing of petroleum products etc |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 300,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
TOTAL ZAMBIA LTD
ADDRESS
P.o
Telephone : +260-211-242887/ 243002/ 227736-8
Fax : +260-211-241118/ 223046
Email : totalzambia@total.co.zm
Internet : www. total.co.zm
Established
1947
Registration
No. 1713
Legal Form
Limited Liability company, Limited by shares
Stock Listing
Not Listed
Workforce
2006
150
Office &
Factories
Head offices
Plot
Branches
3 branches , around 70 service station countrywide
Company Profile
Paid in Capital ZMK. 1,000,000,000
Subscribed Capital ZMK. 1,000,000,000
Shareholders
Name Position Amount Ratio
Mr. Martin McCarthy CEO
Mr. George Kagimu Director
Total International Holding Co. 100.00%
Total 100.00%
Credit Opinion
Our proposed credit amount of USD 300,000 is recommendable
Affiliated Companies
Company (1) AGIP ZAMBIA LIMITED
Relationship The subject has 20% of shares on above stated company
Company (2)
Company Name CALTEX ZAMBIA LIMITED
Relationship The subject has 20% of shares on above stated company
Management/ Directors
President/ CEO (1)
Name Mr. Martin McCarthy
Remarks Top Decision Maker
President/ CEO (2)
Name Mr. George Kagimu
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
Marketing of petroleum products etc
Terms of payment
Buying terms 30% in cash, 70% on credit
Selling terms 80% in cash, 20% on credit
Suppliers
Petroleum refineries
Customers
Petroleum companies and Stations
Recent Sales
USD 800,000,000 (2006)
Exports
Europe and
Export Ratio
40.0%
Import Ratio
30.0%
Domestic Market Share
25.0%
Banking relationship
Main Banks CTB Bank
Barclays 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 Satisfactory.
COMMENTS
Maximum credit we recommend is USD 300,000 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. |
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%)